Business

Twelve Startups Set to Rejig Nigeria’s EdTech as CcHUB Opens Mastercard Foundation EdTech Fellowship 

The Nigerian EdTech is set for rejigging as Co-creation Hub Nigeria (CcHUB) selects twelve innovative EdTech start-ups to join its second cohort of the Mastercard Foundation EdTech Fellowship. Launched in 2023, the Mastercard Foundation EdTech Fellowship at CcHUB provides industry support and funding to empower start-ups driving change in Africa’s education landscape. The Mastercard Foundation […]

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Business

NEPL/Seplat JV, Edo Reforestation Agreement to Mitigate Climate Change Impacts

The NNPC Exploration and Production Ltd/Seplat Energy Joint Venture and the Edo State Government have signed an agreement that will see the state government allocate 6,000 hectares of land from its protected forest reserves to enable a large-scale tree planting initiative by Seplat Energy Plc. This is in furtherance to the Seplat Tree4Life Initiative and the […]

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Business

Okene Accident Truck Not Ours, Says  Dangote Cement 

Dangote Cement Plc has disowned a truck laden with cement that collided with a bus on Okene-Lokoja bypass in Kogi State, leading to the death of some passengers. The company however expressed sadness over the incident and condoled with the families of the victims, urging the public to disregard the erroneous news, that its truck […]

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Business

Opay, Palmpay & Moniepoint Customers’ Fund Safe Despite Onboarding Order-Report

Nigeria’s apex bank, the Central Bank of Nigeria (CBN)  has directed fintechs OPay, Palmpay, Kuda Bank, and Moniepoint to suspend new customer onboarding until further notice thereby sending panic into the financial system. However, investigations revealed that the onboarding, which the suspension of registration of new customers will not affect the fund of existing customers. […]

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News

JUST IN: NCC Funded Nigerian University Research Makes Major Breakthrough in 5G Technology Deployment

A  Nigerian University, the Nnamdi Azikiwe University has made a major technology development breakthrough in the design of the fifth-generation mobile communication system. The Department of Electronic and Computer Engineering of the University through the sponsorship of a research work by the Nigerian Communications Commission, under the title “The Development of a User-Centric Based Clustering […]

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Business

Seplat Energy Achieves 2.3 million Hours Without LTI in Q1 2024

Seplat Energy PLC, a Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, has announces its unaudited results for the three months ended 31 March 2024, declaring US 3 Cents dividend per share for the period. For the period under review, production averaged 49,258 barrels of oil equivalent per day […]

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AMA

Africa Specialty Risks Launches ASR Syndicate 2454 at Lloyd’s

AMA PRESS RELEASE Africa Specialty Risks (ASR), the pan-African focused (re)insurance group, has launched ASR Syndicate 2454 focused on underwriting business across Africa. It is the first African focused syndicate writing business at Lloyd’s and is managed by Apollo. ASR Syndicate officially began underwriting on 26 April 2024 and has planned gross premium of approximately £70 […]

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Business

Open Startup Ends First BRAIN DeepTech Pan African Bootcamp

AMA PRESS RELEASE Open Startup, a non-governmental organisation that fosters innovation and capacity building through entrepreneurship, education, and cross-cultural exchange, creating communities and connecting ecosystems across the Middle East and Africa (MEA) is thrilled to announce the successful wrap-up of the first Pan-African Deeptech Bootcamp under the BRAIN 3.0 initiative. BRAIN (Bridging Research and Innovation) […]

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Business

15 Years After, Paga Recounts Business Gains, Says We Processed N14trl worth of Transactions

Nigerian Fintech company, Paga has counted the gains of doing business in Nigeria in the last 15 years in the industry, stating that it was able to processed about 335 million transactions, which worth over N14 trillion or $32 billion, in the past 15 years. At press conference organised by the Company to mark, its […]

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FinTech

Instant Payment Transactions to Surpass $58trl by 2028 as Competition with Card Payments Increase

Instant payments market will grow by 161%, up from $22 trillion in 2024. This substantial growth will be driven by the increased popularity of A2A (Account‑to‑Account) wallets, such as iDEAL and Twint, along with the rising popularity of Open Banking.  A2A and Open Banking payments both enable transactions to be made directly from bank accounts, bypassing the […]

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