Business

Electronic Waste Rising Five Times Faster than Documented e-Waste Recycling, Says ITU 

The world’s generation of electronic waste is rising five times faster than documented e-waste recycling, the UN’s fourth Global E-waste Monitor (GEM) reveals today. The 62 million tonnes of e-waste generated in 2022 would fill 1.55 million 40-tonne trucks, roughly enough trucks to form a bumper-to-bumper line encircling the equator, according to the report from […]

Read More
Economy

Nigeria to Close Power Sector Metering Gap, Address Financial Liquidity

The federal government on Wednesday, pledged to close Nigeria’s power sector metering gap as well as address the financial liquidity challenges besetting it. The Special Adviser on Energy to President Bola Tinubu, Olu Verheijen, gave the assurance during a session at the 2024 edition of CERAWeek by S&P Global holding in Houston, the United States. […]

Read More
Financial

CBN Clears ‘Valid’ $7bn FX Transactions to Eliminate Legacy Backlog

The Central Bank of Nigeria (CBN) said all valid foreign exchange backlogs of $7 billion have now been settled, fulfilling a key pledge of its Governor, Mr. Olayemi Cardosoo. This was disclosed by the bank’s Acting Director, Corporate Communications, Mrs. Hakama Sidi Ali, in Abuja on Wednesday, March 20, 2024, In a statement on Wednesday, […]

Read More
Business

NDPC Investigates XpressVerify Alleged Privacy Breach at NIMC

The National Commissioner, Nigeria Data Protection Commission (NDPC), Dr Vincent Olatunji, has ordered a full-scale investigation in respect of allegations of unauthorized access to the personal data of enrollees in the database of National Identity Management Commission (NIMC). This investigation is a further regulatory measure to be taken by NDPC in the wake of public […]

Read More
Business

Access Bank Signs Agreement to Acquire National Bank of Kenya from KCB Group

In a groundbreaking move within the African banking landscape, Access Bank Plc and KCB Group Plc inked a binding agreement on Wednesday to acquire the full shareholding of National Bank of Kenya Limited (NBK) from KCB. This was revealed in a joint statement between the two firms that was released on Wednesday. The successful conclusion […]

Read More
Business

Consider Using Dollar as Collateral to Secure Naira Loan, ICSL CEO Tells Investors

If you are wondering how to get scarce foreign currency to start up a business that requires imported inputs, there is an idea on that popping up from the Chief Executive Officer of Information Connectivity Solutions Limited (ICSL), Mr Yemi Oshodi who spend 25 years of his business life on the Wall Street before returning […]

Read More
Financial

First Nigeria Fintech Marketing Report Exposes How to Acquire, Retain Customers & Achieve Long-Term Growth

AMA PRESS RELEASE The Africa Fintech Summit (AFTS) releases its insightful “Nigeria Fintech Marketing Outlook 2024” report, shedding light on the current state and future direction of marketing strategies within the nation’s booming fintech industry. Since 2017, the Africa Fintech Summit has led trade missions, bilateral partnerships, ecosystem tours, investment initiatives, and launches with startups, […]

Read More
AI & Computing

AI Cybersecurity Market to Quadruple Hitting $133bn  by 2030

Last year, the average data breach cost for an organization not using AI-enabled cybersecurity was $4.45 million. This value was 40% or $1.8 million lower for companies that did. The rising number of companies and organizations using AI-boosted cybersecurity systems has given quite a momentum to this market, which is expected to snowball in the […]

Read More
Business

Hyperspace Technologies Set to Grab Huge Chunk of Nigeria’s Digital Assets Market with Unveiling of Three Products

Nigerian Hyperspace Technologies, a blockchain and web3 technology company, has launched three new solutions to address digital asset security: the Keymaster VAULT, cipherKEY tap2sign, and cipherCHIP tap2verify. The Keymaster VAULT is a card-based hardware wallet designed for crypto currency holders and those who own digital assets and non-fungible tokens. While the cipherKEY tap2sign is another […]

Read More
Business

Nigerian GenZ Entrepreneur, Kenneth Uche Makes List of UK University £100,000 Research Award

Kenneth Uche, 28 entrepreneur who is providing affordable, eco-friendly cooking solutions for millions of Nigerians is on the list of finalist for a research award worth £100,000. The Just IMAGINE If… award, held every two years, invites forward thinkers to submit their sustainable business ideas for evaluation by renowned entrepreneurs and social innovators. The winner […]

Read More