Pan-African e-commerce titan Jumia is facing a bleak future as the company continues to bleed money with no end in-sight. The company has incurred significant losses of $2 billion since its inception, and says there’s no guarantee it will achieve or sustain profitability in the future. This is according to Jumia’s annual report filed with […]
Read MoreResolve to Save Lives Nigeria (RTSL Nigeria) announced the appointment of Dr. Nnenna Ezeigwe, Co-Founder and CEO, Environment for Health Development Initiative (E4HDI), to the RTSL Nigeria Board of Directors. RTSL Nigeria is part of Resolve to Save Lives, a global health nonprofit focused on preventing 100 million deaths from cardiovascular disease and making the […]
Read MoreEcobank Nigeria Limited says it will appeal a judgement by the Federal High Court in Lagos, presided over by Hon. Justice Liman, which delivered a judgment in favour of Honeywell Flour against the bank and ordered it to pay the sum of N72 billion. The bank said it believe that the judgment is perverse and […]
Read MoreThe National Commissioner of the Nigerian Data Protection Commission (NDPC), Dr Vincent Olatunji, has assured Nigerians that the Commission has the capacity to create about 500,000 jobs and create additional income for the citizen. Olatunji told journalist in Lagos, Southwest Nigeria in a training organised by the NDPC for members of Nigeria Information Technology Reporters […]
Read MoreFor years, social media companies have been offering free services, with billions of people using them in return for watching ads and providing some user data. But the global economic conditions and falling ad revenues have made even the largest social media giants shift their strategies, with many now offering subscriptions. According to data presented […]
Read MoreBinance Labs, the venture capital and incubation arm of Binance has committed $15 million into Xterio, a Web3 game platform and publisher bridging free-to-play and on-chain gaming with in-house and third-party games currently in development. The company plans to use this investment to further game and tech development, including integration of AI, and the launch […]
Read MoreThere is a severe need for funding in the upstream and midstream segment of the energy sector in Nigeria, and relevant success stories from the country will facilitate these investments, the Chief Executive Officer, Seplat Energy Plc, Mr. Roger Brown, has said. He said attracting the necessary funding will be dependent on regulatory reforms, fiscal […]
Read MoreMTN-backed African superapp Ayoba has partnered technology studio Adanian Labs to launch a Nigerian accelerator programme. The programme officially opens for applications on Monday; businesses have two weeks to apply through the Adanian Labs website. In a statement, Ayoba said the SME accelerator aims to address the challenges faced by small businesses, including limited access […]
Read MoreEcobank has introduced foreign currency transfer into its Ecobank Mobile and Omnilite apps that allows the recipient gets immediate credit in the target country’s local currency. Customers can now transfer money in seconds to 33 African countries where Ecobank Group operates. Announcing this new development in Lagos, Head, Consumer Banking, Ecobank Nigeria, Korede Demola- Adeniyi, […]
Read MoreA book by the Head of Media Relations at the Nigerian Communications Commission (NCC), Dr Omoniyi Ibietan, will be formally presented to the public by publishers of the book have said. Premium Times Books said in a statement on Monday that the unveiling ceremony of Cyber Politics: Social Media, Social Demography and Voting Behaviour in […]
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