Author: BusinessTrumpet

For the reporting week the AFEX Commodities Index (ACI) increased by 1.07% (W-o-W), this is attributable to the surge in the

The Central Bank of Nigeria has introduced a new initiative called “CBN Naira 4 Dollar Scheme” which allows all recipients

Samsung Electronics has announced it achieved a breakthrough in 5G data speeds using E-UTRAN New Radio Dual Connectivity (EN-DC) technology.

Mobility solutions provider Comviva has today announced the launch of its new Data-Science-as-a-Service (DSaaS) and AI workbench (MobiLytixAIX) solutions that accelerate the use of

The Central Bank of Nigeria has further restructured the credit intervention facilities of other financial institutions impacted by the Covid-19

Kenyan fundraising and equity management platform Raise, has raised $25,000 funding from Nigeria’s Microtraction to help African startups fundraise and

The world’s first and only national-scale drone delivery service, Zipline, today began the delivery of COVID-19 vaccines to selected health

The governments of Norway and the United Kingdom have extended grants of around £2.6 million to the African Legal Support

The African Development Bank (AfDB) has awarded a grant of $320, 535 to the West African Monetary Agency to mainstream

The Netherlands Ministry for Trade and Development Cooperation is extending a €6 million grant to the African Legal Support Facility

The Nigerian Stock Exchange, NSE, has launched an e-Filing Portal, X-Filing. X-Filing, which comes on the back of the recent

ImaliPay, an African-based fintech start-up is making waves by reshaping the future of work in the gig economy. The Australian

Kwik Delivery (www.Kwik.delivery) announces today that it is expanding its app-based breakthrough delivery service to 4-wheels delivery vehicles. This includes

In another step towards creating a “digital FAO“, the Food and Agriculture Organization of the United Nations is committing to

Nigeria’s telecommunications industry, regulated by the Nigerian Communications Commission (NCC), is one of the sectors whose performance lifted the country

Mali has secured $57.6 million in financing from the International Monetary Fund (IMF). In a Feb. 22 statement, the institution said

Following its rapid expansion in Africa, Andersen Global is now unifying its African member firms under the brand “Andersen.” As

H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea met with H.E. Timipre Sylva, Minister of

The Lagos Chamber of Commerce and Industries will on Tuesday, March 16, 2021 present a workshop on the African Continental

From 5 – 7 March 2021, leading manufacturer of home appliances, Defy (www.Defy.co.za), will be hosting the Hack The Normal (https://HackTheNormal.com) online hackathon with

FBNInsurance, a Nigerian life insurer and a member of the SANLAM group, has partnered with Collinson to launch SmartHealth International,

The AFEX Commodities Index (ACI) continued its 8-week bullish trend, as it increased by 3.19%, closing the reporting week at

MDXi, West Africa’s largest carrier-neutral data centre and a fully owned subsidiary of MainOne is leading the way in reducing

After going virtual for the first time last year due to the COVID-19 pandemic, the 2021  AfriLabs Annual Gathering which coincides

As the Dangote Academy prepares to admit yet another set of student engineers, it can be revealed that the company

Nigeria’s Gross Domestic Product (GDP) grew by 0.11 per cent (year-on-year) in real terms in the fourth quarter of 2020

The Central Bank of Nigeria (CBN) in line with its mandate to promote financial system stability, has issued the Regulatory

Domestic Investors and viewers of Nigerian Television Authority (NTA) will now be able to see the daily price information of

As one of South Africa’s most active Venture Capital investors, HAVAÍC says 2020 saw the commercial adoption of technology increase

For the reporting week, the AFEX Commodities Index ACI increased by 3.62% continuing its 7-week Bullish trend since the start

Mastercard and MTN have announced a strategic partnership to enable millions of consumers in 16 countries across Africa to make

The Nigerian Oil and Gas Park being developed by the Nigerian Content Development and Monitoring Board (NCDMB) at Emeyal 1,

The African Development Bank (AfDB), appointed Ifedayo Orimoloye as the Group Chief Risk Officer, effective 1 April 2021. Ifedayo, a US

Africa needs 1000MW and 700 facilities to meet growing demand and bring the rest of the continent onto level terms

Mastercard Foundation and African Leadership Academy have opened applications for the 2021 Anzisha Prize Fellowship Program. The program is open to

As part of the Human Capital Development Programme for the NLNG Train 7 Project, over $6 million has been set

The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) program has agreed a partnership with the African

In furtherance of the need to promote the business activities of its foremost agent banking platform – Firstmonie Agents –

On Tuesday, 9 February 2021, the World celebrated the 18th edition of Safer Internet Day with actions taking place right across the globe.

General Electric, GE, has announced the appointment of Mohammed Mijindadi as President of GE Nigeria. In this role, Mohammed will

Ecobank Nigeria (“ENG” or “the Bank”) (www.Ecobank.com/ng), a wholly owned subsidiary of leading pan-African banking giant, Ecobank Transnational Incorporated (‘ETI’),

The Nigerian Stock Exchange (NSE) admitted Briclinks Africa to its Growth Board in a listing by introduction of 10 million

Rollo Africa is a business simulation program dedicated to inspiring and supporting small African enterprises facing challenges after the COVID-19

The Afex Exchange Index (AEI) and Afex Commodities Index (ACI) maintained a bullish run into the second month of the

Payments giant Visa Inc’s CEO Alfred Kelly has revealed his firm’s plans to enable cryptocurrencies trading on its network. Kelly,

Paypal is launching a new business unit dedicated to cryptocurrency services, the company chief executive officer Daniel Schulman announced this

Global investors welcomed the West African Development Bank’s first bond issue with sustainable development objectives (Sustainability Bonds). This issue amounting

Nigeria’s internet retailer and stock administration Salescabal system has rebranded to Bumpa. The company has also unveiled a new logo

The good news is here for micro, small, and medium enterprises (MSMEs) in Nigeria. A newly upgraded Corporate Internet Banking

The Central Bank of Nigeria on Sunday issued a response to the mirage of critizisms that has come over the

Binance has temporarily suspended Naira deposits – the country’s local fiat currency – in response to a Friday letter from Nigeria’s central

Social media giant, Facebook, has announced the launch of Facebook Shops, its Marketplace, in Nigeria. Facebook shops is an e-commerce

Savannah Energy, the African-focused British independent energy company sustainably developing high quality, high potential energy projects in Nigeria and Niger,

In a swift policy action, the Central Bank of Nigeria today February 5th, directed all deposit money banks, non bank

Nigerian last-mile delivery startup Kwik Delivery announced it has released its Kwik Delivery plugin for Shopify, allowing Nigeria-based Shopify merchants

100,000 MSMEs to benefit from GoS 100,000 Nigerians to benefit from one-off N50,000 MSME grant The Steering Committee of the

Sparkle, a mobile-first digital ecosystem providing financial, lifestyle and business support services to Nigerians across the globe, has partnered with

Seplat Petroleum, a Nigerian independent energy company announced its Incorporated Joint Venture (IJV), the ANOH Gas Processing Company (AGPC), has

The Brave Generation Academy (www.BraveGenerationAcademy.com), a disruptive approach to education that will change the course of schooling, is now looking

The ACI and AEI both closed the week with a positive performance, with 7.86% and 8.04% respectively as investors on

Ecommerce giant Jumia has launched a new program, City Partner Program, to empower local businesses by boosting their revenue and providing

Domestic gas distribution company, Shell Nigeria Gas (SNG), has signed a 20-year agreement for the domestic distribution of gas to

The ACI closed the week with a 1.96% increase W-o-W, continuing its 5 week Bullish trend while the AEI closed

African Development Bank President Akinwumi A. Adesina has announced the launch of the Africa Adaptation Acceleration Program (AAAP) to mobilize

3G and 4G base transceiver stations (BTS) deployment in Nigeria has increased from 30,000 to 53,460. This is according to industry

The Steering Committee of the MSME Survival Fund and the Guaranteed Offtake Scheme Chaired by the Hon Minister of State,

As the world celebrates the International Day of Education themed ‘Recover and Revitalize Education for the COVID-19 Generation’, Paradigm Initiative

CDC Group, the UK’s impact investor and development finance institution (DFI), announced a commitment to invest over $1 billion again

Africa’s mobile fraud losses will continue to rise above last year’s USD 4 billion to peak at a record USD

54gene has unveiled its new lab in Lagos State, Nigeria, capable of human whole genome sequencing and a variety of

Thomson Reuters Foundation has a release a report on the the impact of COVID-19 on journalism in Emerging Economies and

Nigeria’s automotive startup Autochek has expanded its operations to Ghana. Building on the work Cheki Ghana (acquired by Autochek in

OceanHub Africa is launching the second cohort of its six-month online acceleration program to support up to six of Africa’s

Melanie Igbe’s restaurant hosted 50 people a day when it opened in Nigeria’s megacity Lagos a year ago. Fear of

Ayoba, the African messaging app, has reiterated its focus on protecting their users’ privacy and security. In the past few days,

Following the announcement by the African Union Chairperson, President Cyril Ramaphosa on the 14th of January 2021 that the African

uLesson, the African learning technology platform, has closed a $7.5mn Series A round led by Owl Ventures, with inclusion from

East African venture advisory firm, Kinyungu Ventures has published a white paper Chasing Outliers: Why Context Matters for Early Stage

The African Commodities Index and AEI remained bullish for the 2nd consecutive week since the start of 2021, closing the

WhatsApp has delayed a privacy policy update that caused confusion and backlash among users over fears it could mean broader data

Africa Global Funds, the leading industry journal covering private equity and other asset classes across Africa, awarded this accolade to

West Africa’s pioneer solar-based internet service provider Tizeti is rolling out its 4G LTE network in Edo State, with monthly

The inflation rate in Nigeria closed 2020 on a high hitting 15.75 percent in December, its highest level in three

Heirs Holdings (“HH”) (www.HeirsHoldings.com), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp”)

Paradigm Initiative is thrilled to announce the opening of registration for the Digital Rights and Inclusion Forum, 2021 starting on

With many countries strategizing for the African Continental Free Trade Area (AfCFTA) that kicked off at the beginning of this

 “The rise of the digital age has resulted in an information overload and often a lot of this information is

atingi, the digital learning platform of The German Federal Ministry for Economic Cooperation and Development (BMZ), has exceeded expectations in

The National Youth Service Corps (NYSC) and IITA are partnering to open up agricultural opportunities to youth in Nigeria. The

Global startup funding rose in 2020 Startups and unicorns closed out 2020 in a much stronger position than the one

Startups closed out 2020 in a much stronger position than the one they started the year in, with global venture

The U.S.Trade and Development Agency (USTDA) signed a Memorandum of Understanding with The Eastern and Southern African Trade and Development

THE JUA Kickstarter Fund, a fund to provide African entrepreneurs with capital to kickstart or expand their enterprises, has doubled to

Nigerian telco 9mobile, has appointed a new Chief Technical Officer (CTO), a Deputy Chief Technical Officer, and Director of Strategy

More than 100 European and African actors have signed a charter of commitment to the development of the agro-pastoral sectors

Nigeria’s leading financial institution, Stanbic IBTC Holdings PLC, has highlighted its array of solutions to support businesses in the country

Today, during the Consumer Electronics Show (CES®), Lenovo™ introduced the ThinkReality™ A3 lightweight smart glasses. One of the most advanced and

Mastercard has partnered with NMI and Global Payments Inc. to launch its first live Cloud Tap on Phone pilot with

In preparation for its imminent demutualisation, the Nigerian Stock Exchange (NSE) inaugurated its Claims Review Panel, pursuant to the provisions

Hootsuite acquires Sparkcentral Social media management software provider Hootsuite, the provider of software for managing social media accounts, announced it has

The National Council of The Nigerian Stock Exchange (NSE) announced Chief Executives who will head its operating and non-operating companies

The United Nations Development Programme (UNDP) Nigeria launched the Sustainable Development Goals Investor Maps (SDG Investor Maps ) , as

Nigeria’s Fidelity Bank has announced new Board appointments in place of some of its outgoing Directors, who recently successfully completed

In recognition of its meritorious contributions to the development of Olambe Community in Ogun State, Stanbic IBTC Bank PLC, a

Lagos, Nigeria: In honor of the 14th annual International Networking Week®, BNI® Nigeria will be joining the global business community

The Federal Government of Nigeria has extended the deadline for registration of SIMs with National Identification Number, (NIN)  to February

Economic downturns tend to affect everyone in some way or another, but business owners always seem to get the worst

The Central Bank of Nigeria has revoked the operating licenses of seven Payment Service Providers and that of one Switch

NAIROBI (Reuters) – Another new variant of the novel coronavirus (Covid-19) seems to have emerged in Nigeria, the head of

The Brexit Trade Deal or the EU and UK trade agreement – running to 2,000 pages – is unprecedented in

Seplat Petroleum Development Company Plc , a Nigerian independent energy company listed on both the Nigerian Stock Exchange and the

The judgment of the Federal High Court, Asaba, delivered on 9th December, 2020, in a Suit No. FHC/L/CS/126/ 2016 and

The Nigerian Stock Exchange (NSE) launched X-PO, an online platform for the subscription of public offerings (POs), following the “No

The Board of Union Bank Nigeria Plc announces today that, after eight years leading the Bank, its Chief Executive Officer,

The African Development Bank (www.AfDB.org) has announced 20 finalists of the AfricavsVirus Challenge (https://AfricaVsVirus.com) who will receive a grant of up to $20,000 as

Paradigm Initiative has asked the court to restrain the Nigerian government and telecommunications service provider from carrying out a recent

Facebook (http://www.Facebook.com) today released its “2020 Year in Review: Highlights” an infographic showcasing some of its key investments and work across Africa

African Infrastructure Investment Managers (AIIM), Africa infrastructure-focused private equity fund managers, has successfully completed a capital increase of $80 million for its flagship pan-African infrastructure

December 14, 2020 was another historic milestone in the lifecycle of Abbey with the signing ceremony of Rights Issue of

Ilara Health, a healthtech startup focused on bringing essential, affordable and life-saving diagnostics to African consumers, raised $3.75 million in Series

P+ Measurement Services, an independent public relations (PR) measurement and evaluation agency, has revamped its Independent public relations(PR) performance audit