The Bureau de Change (BDC) operators in Nigeria have till December this year to reapply and the Central Bank of Nigeria (CBN) says, the minimum capital base for Tier-1 BDCs is N2bn while that of Tier-1 is set at N500m. Also, the mandatory caution deposit of N200m for tier-1 BDC licence holders was removed while […]
Read MoreThe Aliko Dangote Foundation (ADF)’s N15 billion National Food Intervention programme has landed in Yewa land as the Foundation commenced distribution of 40,000 bags of rice in Ogun state. Yesterday, the 17 host communities of the Dangote Cement, Ibese plant, along with Itori, Igbogila, and Ilaro, received their share. Beneficiaries in Ibese and Araromi were accredited […]
Read MoreJumia, one of Africa’s leading e-commerce platforms, has announced two new Buy Now, Pay Later (BNPL) partnerships in Nigeria with Newedge (Easybuy), a finance company in Nigeria, and CredPal, a Nigerian fintech company. According to Jumia, the latest partnership will allow consumers across Nigeria to buy their desired products with the alternative of making flexible payments over a set […]
Read MoreFlutterwave, only Africa-focused company to make CNBC’s 2024 Disruptor 50 List Flutterwave, Africa’s leading payment technology company, has earned a spot on the prestigious 12th annual CNBC Disruptor 50 list alongside companies like OpenAI, Stripe, and Monzo. This recognition underscores its innovation and expansion, achieved amidst challenging market conditions and economic downturns. The list features 50 companies […]
Read MoreThe Central Bank of Nigeria (CBN) says mobile money operators including fintech firms like OPay, Palmpay, Kuda Bank, and Moniepoint will resume the enrolment of new customers “in another couple of months”. CBN Governor, Olayemi Cardoso, stated this on Tuesday at the 295th Monetary Policy Committee (MPC) of the apex bank in Abuja when the […]
Read MoreThe Nigerian Communications Commission (NCC) said the suspension of issuance of the three telecoms licences namely: Interconnect Exchange Licence, Mobile Virtual Network Operator Licence and Value Added Service Aggregator Licence was in the interest of the telecoms industry. The Executive Vice Chairman of the NCC, Dr Aminu Maida told industry players today at a ‘Public Inquiry […]
Read MoreAMA PRESS RELEASE Technology and business leaders today met at the SAP Innovation Day in Johannesburg to discuss how businesses can shift away from stagnation and ignite a new wave of innovation and growth to drive their success. Speaking at the event, Hans-Peter Fuelle, Chief Business Officer for EMEA, SAP, said businesses today operate in […]
Read MoreThe Central Bank of Nigeria (CBN) has raised the interest rate by 150 basis points from 24.75 per cent to 26. 25 per cent. Following a two-day meeting, the bank’s Monetary Policy Committee (MPC) agreed to increase the Monetary Policy Rate(MPR) for the third straight time to rein in the country’s soaring inflation levels pegged […]
Read MoreThe Lagos State government has launched its cybersecurity project designed to safeguard the State’s digital infrastructure against potential attacks that are becoming rampant. The State is also pushing for a State Innovation Bill through which it could implement policies and laws that would improve the development of technology in the State. The Innovation Bill, if […]
Read MoreThe proliferation of edge computing use cases has shifted critical equipment and data from the protected confines of the data centre to more demanding environments where heat, humidity, air quality, and physical security are significant challenges. Recognising this new reality, Vertiv, a global provider of critical digital infrastructure and continuity solutions, today introduced the Vertiv […]
Read More
