Business

NAIRA REDESIGN: Lies Emiefele Told Buhari to Get Approval

Adams Oshiomhole has accused the Central Bank of Nigeria (CBN) of deceiving President Muhammadu Buhari over the redesign of the naira notes. Buhari last year approved the redesign of the N1,000, N500, and N200 notes. The move, has, however, created hardship among Nigerians who battle to lay hands on the new notes as the February […]

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Business

JUST IN: Buhari May Suspend Naira Re-design Policy, Blames Banks for Failure

President Muhammadu Buhari on Friday asked Nigerians to give him seven days to resolve the cash crunch following the Central Bank of Nigeria (CBN)’s redesigning of the naira notes. He also expressed doubts about the commitment of banks in particular to the success of the policy. He said this while speaking to the Progressive Governors’ […]

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Business

Again, Nigerian Govt Moves to Salvage Refineries, Signs $740m Quick-fix Contract

The Nigerian National Petroleum Company Limited (NNPCL) and Daewoo Engineering Construction Nigeria Limited have signed a maintenance service contract for the quick-fix repairs of the Kaduna Refining and Petrochemical Company Limited (KRPC). Group Chief Executive Officer, NNPCL, Malam Mele Kyari and CEO of Daewoo E&C Nigeria, Mr Jung Taewon, signed the contract on behalf of […]

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Business

Liquid Intelligent Technologies and Nokia Partner to Drive Innovation, Connectivity in Africa

Liquid Intelligent Technologies, a business of Cassava Technologies, a pan-African technology group, has partnered with Nokia. Through this partnership, Liquid deployed Nokia’s innovative transport network technology in the new terrestrial fibre route connecting Mombasa (Kenya) to Johannesburg (South Africa). This announcement comes in light of the imminent launch of the new terrestrial data superhighway built […]

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FinTech

Coinazer, Web-Base Crypto Payment Gate & Wallet System Unveils Services

A group Nigerian tech savvy youths have developed a web-based crypto platform to facilitate seamless and borderless means of accepting cryptocurrency payment globally. Known as Coinazer, the Web 3.0 crypto platform was developed out of the curiosity of a young Nigeria tech savvy youth to solve a payment problem. Announcing the launch of Coinazer, the […]

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Business

Ecobank, Ananse Africa & Mastercard Foundation Train Fashion Entrepreneurs in Nigeria

Ecobank Ellevate has partnered Ananse Africa and MasterCard Foundation to train fashion entrepreneurs and creatives in Nigeria. Ecobank Ellevate is a proprietary service offering designed for businesses owned by women, managed by women and those with a high percentage of female board members or employees, as well as companies manufacturing products for women. Head, Consumer […]

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Business

Data Sovereignty and Compliance Issues Shaping IT Decisions, Says IDC

New survey results from International Data Corporation (IDC) show that data sovereignty and compliance are now an important factor in shaping IT selection and design decisions. Almost half the respondents (48%) to IDC’s Cloud Pulse 2Q22 survey said that data sovereignty and industry compliance have factored highly in discussions about their future IT architectures. And […]

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News

Mafab Telecoms, 5G License Winner Flags-off Service with New Logo Unveiling

The Mafab Telecommunication Company one of the companies that got the 5G technology license, after a long wait by the industry, yesterday in the Nigeria’s capital city, Abuja inaugurated the Fifth Generation (5G) network and unveiled its logo noting that its the launch had added another chapter in its journey towards a brighter and stronger […]

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Business

Nearly 90% of Pentagon Supply Chain Fails Basic Cybersecurity Test

The first-ever thorough analysis of the state of cybersecurity of the US defense industrial base (DIB) reveals that nearly 90% of its contractors do not meet the required security standards. Defense contractors possess sensitive national security information and are being constantly targeted with sophisticated hacking operations led by state-sponsored hackers. The in-depth analysis of the […]

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FinTech

Catalyst Fund Unveils $2m Investment into 10 African Startups to Accelerate Climate Change Adaptation & Resilience

Mama Money, a rapidly growing fintech that offers cross-border money transfer and banking services has partnered with AFC Commercial Bank, a market leader in Zimbabwe with a reliable and robust payout network. This partnership allows Mama Money customers to easily send money to any AFC Commercial Bank branch for cash collection at 45 locations across […]

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