News

Stakeholders, Experts & Govt Harp on Quest for Collaboration in Nigeria’s Tech Ecosystem

The quest for IT stakeholders and startups to collaborate was key aspects of discussion during the week at the NITDA Co-Create West Africa Tech Expo, an event that showcased innovative businesses locally and across the globe with physical presence in Nigeria. Kicking discussion in one of the keynote address given by the Director General, National […]

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Business

Dangote Sugar Posts N441.5bn, Targets 1.5mt Yearly from Locally Grown Sugarcane

The Backward Integration Policy of the Federal Government on Sugar will soon have a significant impact on Sugar production in Nigeria, as the Management of Dangote Sugar Plc is targeting an annual production of 1.5 million metric tons of sugar from locally grown sugarcane. Chief Executive Officer of Dangote Sugar, Ravindra Singhvi, made this disclosure […]

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Business

JUST IN: Nigeria’s Apex Bank Revokes Licenses of 4,173 Bureaux De Change Operators to Restore Confidence of Naira 

The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change Operators, accusing the affected institutions of failing to observe regulatory provisions. The apex in a statement on Friday by the bank’s Acting Director, Corporate Communications, Sidi Ali Hakama, said . the move is part of efforts to restore confidence in […]

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Technology

NDPC Laments Poor Data Protection Compliance Level in Nigeria’s Oil & Gas Sector

The National Commissioner/CEO, Nigeria Data Protection Commission (NDPC), Dr Vincent Olatunji, has expressed concern over the poor level of data protection compliance in Nigeria’s oil and gas sector. Olatunji who was on a courtesy visit to the Director General/CEO, National Oil Spill Detection and Response Agency (NOSDRA), Mr Idris Musa with some members of the […]

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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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Business

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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Technology

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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Technology

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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