Notable companies in the tech space include Sterling Bank, Jumia Nigeria, Sycamore, Nigeria Communications Commission, Web4Africa, Wazobia, and MAX and The Guardian emerged winners at the 6th .NG Awards placed a spotlight on innovation within the Nigerian internet space. The winners in the general award category, standing out for their significant contributions towards the utilization […]
Read MoreLucky winners have begun to emerge in the ongoing PalmPay Purple Christmas campaign featuring Nigerian singer-songwriter and pop star Teni. Mary Gbemisola, one of the lucky winners of a hamper and other Christmas gifts delivered to her house by Teni, said she was “happy receiving a Christmas gift from Teni,” adding, “Now my Christmas is […]
Read MoreMTN Group, Africa’s largest telecom operator, has granted shares to its company secretaries and prescribed officials, as well as those from its major subsidiaries. The company said on the Johannesburg Stock Exchange that a group of senior MTN employees have accepted the shares, which have a three-year vesting period, and are subject to performance conditions […]
Read MoreThe Chairman of the BUA Group, Abdul-Samad Rabiu has said that the company would maintain its promise of selling cement at the price of N3,500 per bag from January 2024. Rabiu said this while speaking with State House Correspondents after a visit to President Bola Tinubu on Thursday in Lagos. He said the company would […]
Read MoreThe New York Times sued ChatGPT-maker OpenAI and Microsoft in a US court on Wednesday, alleging that the companies’ powerful AI models used millions of articles for training without permission. Through their AI chatbots, the companies “seek to free-ride on The Times’s massive investment in its journalism by using it to build substitutive products without […]
Read MoreThe Central Bank of Nigeria (CBN) has assured depositors of the safety of their funds in Nigerian banks, reiterating the health of deposit money banks in the country. The apex bank, in a statement on Wednesday signed by its acting Director of Corporate Communications, Hakama Sidi-Ali, dismissed reports that the Federal Government will take over […]
Read MoreThe Home Finance Department of the Ministry of Finance, Budget and National Planning, Nigeria has received the sum of $5.6m from the World Bank to procure 21 items, which included office stationeries, furniture, solar inverter, office equipment, and vehicles. The approvals were made under the State Fiscal Transparency, Accountability and Sustainability project, which was initiated […]
Read MoreThe AI industry has shown impressive resilience to the Venture Capital funding drop seen in most sectors this year. While other markets saw a significant downturn in fundraising, AI companies and startups have become the new shiny object for investors, raising much more fresh capital than last year. According to data presented by AltIndex.com, AI companies […]
Read MoreThe financial crisis in the electricity industry is hitting the Distribution Companies (DISCO) harder, as only a total of 504,729 meters were installed by electricity distribution companies between January and September 2023.The number of power consumers without meters across the country is now 7,117,167. Data obtained from the latest third quarter report of the Nigerian Electricity […]
Read MoreThe influencer advertising industry is set to have another fantastic year after growing its revenue by 17% to over $30bn in 2023. While some consumers have started losing trust in influencers, the 2024 market projections prove a different story. According to data presented by OnlyAccounts.io, with brands and companies pouring billions into this type of advertising, […]
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