The proposed Lagos State Innovation Bill when signed into law is expected to help bigger technology companies drive innovation in the Lagos state ecosystem by helping startups in the ecosystem through several collaboration activities in the ecosystem. Also, when implemented, the Bill is going to help the bigger tech companies to also innovate within the […]
Read MoreThe National Bureau of Statistics (NBS) on Friday said Nigeria’s Gross Domestic Product (GDP) declined by 2.98 per cent in the first quarter (Q1) of 2024. In its latest report, the bureau put the nation’s current growth rate at 2.98 per cent, saying the growth rate is higher than the 2.31 per cent recorded in […]
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NASCON Allied Industries Plc has assured its shareholders of continuous growth and value creation in 2024. The Company gave the assurance at its 2023 Annual General Meeting held yesterday in Lagos. Speaking to shareholders, the Chairperson of NASCON, Yemisi Ayeni said “amidst the challenges in 2023, the Company achieved commendable operational performance. Our strategic initiatives […]
Read MoreAs the curtains rose on the grand spectacle of the 10th Africa Magic Viewers’ Choice Awards (AMVCA), TECNO again took centre stage, illuminating the night with a blend of technological innovation and unwavering support for the Nigerian movie industry. Amidst the glitz and glamour of the red carpet, where superstars dazzled in their finest attire, […]
Read MoreAn all-female digital healthcare firm, has received a funding injection to help it expand its telemedicine services across Africa. The African Export-Import Bank (Afreximbank) and MobiHealthCare Limited (MobiHealth) have signed a project preparatory facility agreement to expand their presence in Nigeria. The financial injection would also enable Mobihealth to investigate the viability of developing similar […]
Read MoreThe African Development Bank has invested $1.44 billion to support the development of energy and power, transport, water, and sanitation infrastructure in Nigeria. The Bank’s Nigeria Country Department, Director General Lamin Barrow disclosed this at the Nasarawa Investment Summit 2024, held from 15 – 16 May in Lafia, the Nasarawa State capital. The event was […]
Read MoreThe Bureau de Change (BDC) operators in Nigeria have till December this year to reapply and the Central Bank of Nigeria (CBN) says, the minimum capital base for Tier-1 BDCs is N2bn while that of Tier-1 is set at N500m. Also, the mandatory caution deposit of N200m for tier-1 BDC licence holders was removed while […]
Read MoreThe Aliko Dangote Foundation (ADF)’s N15 billion National Food Intervention programme has landed in Yewa land as the Foundation commenced distribution of 40,000 bags of rice in Ogun state. Yesterday, the 17 host communities of the Dangote Cement, Ibese plant, along with Itori, Igbogila, and Ilaro, received their share. Beneficiaries in Ibese and Araromi were accredited […]
Read MoreJumia, one of Africa’s leading e-commerce platforms, has announced two new Buy Now, Pay Later (BNPL) partnerships in Nigeria with Newedge (Easybuy), a finance company in Nigeria, and CredPal, a Nigerian fintech company. According to Jumia, the latest partnership will allow consumers across Nigeria to buy their desired products with the alternative of making flexible payments over a set […]
Read MoreFlutterwave, only Africa-focused company to make CNBC’s 2024 Disruptor 50 List Flutterwave, Africa’s leading payment technology company, has earned a spot on the prestigious 12th annual CNBC Disruptor 50 list alongside companies like OpenAI, Stripe, and Monzo. This recognition underscores its innovation and expansion, achieved amidst challenging market conditions and economic downturns. The list features 50 companies […]
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