Financial

Dangote Cement Shareholder to Get 50% Dividend Increase as African Subsidiaries Sales Rose by 12.7%

In line with the promise of Chairman, Dangote Cement, Aliko Dangote at the company’s 2022 Annual General Meeting (AGM), of an enhanced return on Investments to all the shareholders and other stakeholders in Dangote Cement, Plc, the company’s Management for the year ended December 31, 2023, has proposed an increase in the dividend payout to […]

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Technology

PalmPay Flags-off Free Bank Transfer Campaign, Pledges Commitment to Initiatives on Affordable Financial Services

Fintech company, PalmPay has introduced three months of unlimited free transfers to all banks for users of its app. The company, today March 1, in a statement said the unlimited free transfer would empower its users to perform transactions without worrying about bank charges. According to the Managing Director, PalmPay, Mr Chika Nwosu, freebie to […]

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Business

Stakeholders Harp on Need to Integrate Environmental Sustainability Models & Technology to Address Climate Change Challenges

Climate Action Africa (CAA), a leading social enterprise focused on environmental sustainability, reaffirmed its commitment to fostering an inclusive climate action ecosystem at the ongoing Omniverse Summit 2024. Co-founded by Innovation Support Network (ISN Hubs) with support from GIZ/Digital Transformation Center Nigeria (GIZ/DTC Nigeria), the Omniverse serves as a meeting point for diverse stakeholders across sectors, including […]

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Financial

Apple Earned $3,074 Pear Second in 2023, Highest Net Profit in GAFAM Group

The tech giants have weathered the 2022 crises and come out the other side relatively unharmed, with many of them seeing their revenues and stock values skyrocket last year. However, none of them is even close to Apple, the absolute leader in the GAFAM group. According to data presented by AltIndex.com, Apple earned $3,074 per second […]

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News

2024 RegTech Confab Set to Unlock Africa’s Economic Potential

AMA PRESS RELEASE   In an era defined by digital transformation, data has become the cornerstone of innovation and progress, particularly within Africa’s burgeoning financial landscape. With Sub-Saharan Africa spearheading the global adoption of Mobile Money, boasting over 218 million active accounts according to GSMA’s State of the Industry Report on Mobile Money 2023, the […]

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Business

Web3, Social Infrastructure Unveils Multiple Web3 Wallet

AMA PRESS RELEASE Over the course of a groundbreaking launch campaign from February 1st, UXLINK, the Web3 social infrastructure platform renowned for its innovative “Real World Social” and “Group” features, launched multiple Web3 wallet feature that exceeded all expectations. During this limited time frame, this feature resulted in the creation and connection of more than […]

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News

Lack of Tech Infrastructure Next Big Challenge Implementing AI Initiatives, Say IT Professionals

Artificial Intelligence has become the latest buzzword in the business world as companies worldwide look to implement AI in their processes. However, the implementation of AI has its own challenges, and according to the latest survey, proving the value of AI solutions to businesses might be the biggest one. According to the data presented here […]

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Business

Nigeria Acquires 10 Mobile Power Substations to Tackle Electricity Crisis

The Nigerian Government has bought over a total of 10 mobile power stations as part of . move to resolve challenges around power supply in the country, Minister of Power, Adebayo Adelabu revealed this on Wednesday, February 28, when he met with the Forum of Commissioners of Energy in Nigeria, in a bid to strengthen […]

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News

JUST IN: MainOne Lands 45,000km 2Africa Cable in Akwa Ibom to Boost Connectivity in South-South Nigeria

MainOne, an Equinix Company, has announced its pivotal role in the historic landing in Akwa Ibom State of the first and only submarine cable system in Nigeria outside of Lagos. This collaboration marks a significant milestone in enhancing broadband connectivity and driving economic development in the South-South, South-East and North-Central regions of Nigeria. The company […]

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Business

Seplat Energy’s 2023 FY Gross Profit Rises by 14.5% to N349.3bn

Seplat Energy PLC, a Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, has announces its audited results for the twelve months ended 31 December 2023, recording a growth 12 per cent in revenue from N403.9bn to N696.9bn. The Board recommended a special dividend of US 3 cents per […]

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