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Business

iHATCH Startup Incubation Cohorts Boost Tech Sector by Over 1179 Jobs as Cohort 3 Winners Emerge

The iHATCH startup incubation programme has been able to create 1179 jobs within three years of its formation.The jobs, which were created by Cohort 1 and 2 had 16 trained startups with 32 participants, and a combined job of 179 and over 1000 indirect jobs. According to the Director General of the National Information Technology […]

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Business

Payment Card Technology Spend to Reach $13.6bn by 2029, as Banks Target Premium Users

Spend on card technology by card issuers will rise significantly, from $9.8bn globally in 2024 to $13bn in 2029.This growth of 39% will be driven by banks and other card issuers attracting new customers with differentiated card types. By using  premium options such as metal or wooden cards, banks can differentiate themselves in the highly […]

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Business

Konga Launches Back-to-School Campaign to Cushion Economic Impact

Konga, Nigeria’s e-commerce platform is set to cushion the effect of Nigeria’s tough economy on parents, teachers, students and school administrators with its Back-To-School campaign offer. This soft landing which heralds the resumption of another academic year across the country is the authentic sales campaign aimed at ameliorating the financial stress thrown up by high […]

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Business

Seplat Energy Pledges Commitment to End Gas Flaring

Seplat Energy Plc, indigenous energy company, has reassured all stakeholders of its commitment to driving and ensuring a sustainable business and creating increased value for people and the environment. The company also reiterated its resolve to addressing the dual challenges of ensuring energy security and meeting climate change mitigation targets. The Director, New Energy, Seplat […]

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Business

About 40 Techist Startup Set to Compete for $50,000 Prize of Ecobank Fintech Challenge

About 40 techist of the semi-finalist of from 70 countries are set to compete for the $50,000 prize Fintech Challenge Ecobank holding at the Ecobank Pan African Centre (EPAC) Lagos, Southwest Nigeria.. A statement from the pan-African Bank, said the 2024 “Ecobank Fintech Challenge had over 1,550 applications from 70 countries from which only 40 […]

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Business

Dangote Group Tasks NUPRC on Enforcement of PIA Act

The Dangote Petroleum Refinery has urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), to enforce the domestic crude supply obligation as specified in the Petroleum Industry Act (PIA), insisting that refineries in Nigeria should be allowed to buy crude directly from the companies that produce it in Nigeria rather than from international middlemen, as enshrined […]

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Business

Nigeria Set to Boosts Digital Free Zone for Technology and Global Service Businesses

A steering committee has been d established to drive the promotion and establishment of a digital free zone in Nigeria to accommodate the peculiar needs of innovative digital trade and service businesses. The Nigerian President, Bola Ahmed Tinubu will chair the Committee, which was setup to drive the ease of doing business for global digital, […]

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Business

Dangote Refinery Clarifies Status of Crude from NNPC, Says Only Six Cargoes Supplied

The Dangote Refinery Petroleum Limited said that the Nigerian National Petroleum Corporation Limited, (NNPCL) supplied only six cargoes of crude instead of 15 cargoes. In statement by the Group Chief, Branding and Communications Officer of the Dangote Group, Mr Anthony Chiejina while clarifying some media reports on the status crude supply from NNPC, the company […]

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Business

ATC Africa Unveils Soji Maurice-Diya as New CEO for Nigeria

The American Tower Company, Africa has announced the appointment of the Chief Operating Officer, ATC Nigeria, Soji Maurice-Diya, as the new Chief Executive Officer for ATC Nigeria with effect from August 1, 2024. Soji who taking over from Errol Ambler-Smith joined ATC Nigeria in 2018 as the Commercial Director where he led the Sales and […]

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Business

Dangote Refinery’s Diesel, Jet Fuel Supplies to Disrupt Europe Energy Industry, Says OPEC

Supplies from Nigeria-based world’s largest single-train Dangote Refinery and Petrochemicals will put pressure on the performance of Europe’s oil industry, especially the Northwest Europe (NWE) Gasoil. The Organisation of Petroleum Exporting Countries (OPEC) in its newly released monthly Oil Market Report for June 2024 listed Dangote Refinery among the top Diesel and jet Fuel suppliers […]

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