Business

Facebook Tops Social Media Advertising by 90% Instagram & TikTok Fall Behind with Brands Spent of $189.5bn

Although the social media landscape is constantly changing and evolving, with new players fighting for attention from audiences and marketers, no platform stands close to Facebook when it comes to social media advertising. The social media giant, which has an active user base of close to 2.9 billion, remains the most important platform among marketers […]

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Business

Traditional Leaders & Residents of Ibeju Lekki Applaud Dangote Refinery CSR Activities

Residents of Ibeju Lekki, Lagos have showered encomium on the Management of Dangote Refinery concerning its social responsibility initiatives. The residents, which included a committee of traditional leaders also expressed appreciation to the company for providing vital infrastructure for their communities, repairing all the entrance roads of the 15 host communities by grading, sand filling, […]

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Business

Vertiv Second Quarter Report Indicates Strong Performance Recording $206bn Profit & Unveils Q3 Plan

Vertiv Holdings Co, a global provider of critical digital infrastructure and continuity solutions, has reported financial results for its second quarter ended June 30, 2023. Vertiv reported second quarter net sales of $1,734 million, an increase of $335 million, or 24%, compared with last year’s second quarter and a 25% organic net sales increase, which […]

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Business

Again, Braintree Wins Diamond Partner LS Retail Award

Braintree, a Microsoft Gold Certified Partner, continues its victorious march in 2023 by clinching the LS Retail Diamond Partner award for the fourth consecutive year. This prestigious recognition further cements Braintree’s standing as a trusted digital solutions provider for Africa’s retail and Fast-Moving Consumer Goods (FMCG) sectors. LS Retail, a globally recognized provider of comprehensive […]

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Business

Brands Spent Whopping $90B on Influencer Ads in Five Years

Over the past years, influencers have become one of the top choices for social media marketers, providing brands an opportunity to reach millions of potential users practically overnight. The rising popularity of influencers has boosted the total spending in this market to record highs. According to data presented by OnlyAccounts.io, brands have spent a whopping […]

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News

MTN MoMo Opens Platform for Tech Talent for Hackathon

MTN’s MoMo platform is inviting tech developers and innovators to participate in its online application programming interface (API) hackathon. According to a statement, the hackathon will focus on producing solutions that shape the future of demand-driven financial services. It will span across 15 countries, including Nigeria, South Africa, Ghana, Uganda, Ivory Coast, Cameroon and Rwanda. […]

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Business

Fraudsters on Rampage in SA Stealing Huge Money Using Debit Card Credentials

The Ombudsman for Banking Services is South Africa has warned members of the public about the rise in contactless payments fraud. According to the banking ombud, it has seen the emergence of a new scam involving the use of near-field communication (NFC) technology. NFC is short-range wireless connectivity technology that lets NFC-enabled devices communicate with […]

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Business

Traditional Banks Fight Back as Banking-as-a-Platform Market Revenue Grows Rapidly

Global revenue from BaaP (Banking-as-a-Platform) services will increase to $49 billion globally in 2028, from $4 billion in 2023 but the traditional banks are fighting back. Juniper Research in a study argued that BaaP can help traditional banks regain their competitive edge against neobanks. Through collaboration with innovative vendors, banks can offer new services from […]

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Technology

Wema Bank & Nigerian Govt Mull N500b Digital Hub Funding for MSMEs in Tech Ecosystem Across Eight States

A boost is on the horizon for the Medium and Small Scale Enterprises in Nigeria in the digital space with the offer of N500 billion from Wema Bank for the launch of digital hubs across the country. The Director of Information in the Office of the Vice President of Nigeria, Mr Olusola Abiola who made […]

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Business

Lawmakers Scheme Firm Control of CBN, Mull Review of Establishing Act

The Central Bank of Nigeria (CBN) is again on the radar as the nation’s lawmakers plan revisiting the Act establishing the apex bank. The Senate President Godswill Akpabio disclosed the need for the National Assembly to revisit the legislation behind the CBN during ministerial screening at the Senate following nominee Adebayo Adelabu’s request for new […]

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