Business

AI Tools User to Reach Over 700 Million by 2030 with 60% from Five Countries

The AI renaissance that started last year continued in 2024, with more consumers and companies embracing artificial intelligence tools in their everyday lives. Last year, around 255 million people worldwide used some AI tools, mostly generative AI. This figure is set to jump to 315 million in 2024. Still, the following years will see even […]

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Business

Mono Partners Mastercard to Deliver DirectPay  with Bank

Nigerian open banking fintech Mono has formed a strategic partnership with Mastercard to introduce Mono’s DirectPay  with Bank on the Mastercard Payment Gateway System (MPGS). The Mastercard Payment Gateway service is a single touch point for developers and businesses to access innovative payment methods, APIs, SDKs, and fraud protection services. Mono’s DirectPay Pay with Bank method allows businesses to collect fast […]

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FinTech

About 91% of Africans  Prefer Digital Payment to Traditional Methods, Says Report

AMA PRESS RELEASE In a groundbreaking survey conducted across the continent, RegTech Africa and Agpaytech have revealed a seismic shift in consumer preferences towards digital payment methods. With 2,591 respondents from diverse regions, the findings underscore a resounding vote of confidence in electronic transactions, with a staggering 91% of participants expressing a clear preference for […]

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Business

MoniePoint Reveals Secret Behind Growing Numbers of Customers in Nigeria’s Fintech Market

One of the players in Nigeria’s fintech market, Moniepoint is not having difficulties carrying out bulk transfers to customers in real-time but instead its customer base is growing steadily. According to the fintech player, its disbursement API that allows businesses to carry out bulk transfers to customers in real-time, seamlessly, without any manual verification required […]

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Business

Eko Disco CEO, Tinuade Sanda Reels Milestones of Achievements on IG

The Managing Director of Eko Electricity Distribution Company (EKEDC) Plc, Dr, Tinuade Sanda, has reeled out her outstanding achievements as she clocks two years in her position on March 30, 2024. Speaking on her achievements, she said that she is inspired by Michelle Obama’s words, “When they go low, we go high”, adding that she […]

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Business

Seplat Splashes Prizes on PEARLs Quiz Competition Winners

Seplat Energy Plc, Nigerian independent energy company, has concluded the 12th edition of Seplat Energy JV PEARLs Quiz, which is one of its signature educational Corporate Social Responsibility initiatives. Don Bosco Science Academy, Ekpoma, Edo State emerged winner, bagging the coveted prize of N10 million for a project and N100,000  scholarship for each of its […]

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Business

Communities Hail Seplat Energy Over CSR on Security and Empowerment

Seplat Energy Plc, Nigerian independent energy company, has executed corporate social investment (CSI) programmes in oil and gas producing communities as well as empowerment of their people is capable of promoting stability in the energy sector and ensuring security of critical national assets. Mr. Samson Ezugworie, Chief Operating Officer, Seplat Energy, said this during the […]

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Business

Seventeen States Get Succour from Dangote’s Over One Million Rice Palliatives 

So far, 17 states have received their shares of the over 1 million 10kg rice, being distributed by the Aliko Dangote Foundation (ADF), across the 774 local governments in Nigeria Managing Director and Chief Executive Officer of the ADF, Zouera Youssoufou, said the Foundation would ensure that all the local governments in Nigeria get their […]

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Financial

Latest MVNO Licensee, Zegtel Plans $21.8m Investment in Partnership with British Firm

Zegtel, a virtual network operator (MVNO), is the latest to join the train of the MVNO business in Nigeria with a promise to invest $21.8 million over the next five years to expand mobile connectivity across the country. The telco said this investment aims to bridge the digital gap and deliver affordable connectivity to millions […]

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Business

Heirs Technologies Unveils Plans to Provide Secured IT Environment for Companies & Help Boost Core Operations

Soon companies across all sectors of the Nigerian economy will need no worry about a secured IT environment as well as the health of their core operations. The newly appointed Managing Director/Chief Executive Officer of Heirs Technologies, Mr. Obong Idiong in his first media engagement during the week assured that his company is ready to […]

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