Author: BusinessTrumpet

Want to come up with the next big thing? Look no further than mobile phones and 5G technology — the

The Treasury Bills (“ T-Bills ”) secondary market started the second quarter of 2019 on a bullish note largely buoyed by

Grab expects to raise another $2 billion from strategic investors this year, the CEO of Southeast Asia’s biggest ride-hailing firm

Indonesian President Joko Widodo and Malaysian Prime Minister Mahatir Mohamad have signed a joint letter of objection to the European

Siemens has launched an extraordinary data visualization project called FABRIC at the German Africa Business Summit in Accra, demonstrating how

With the growing level of acceptance and also teething challenges of mobile payment and digital remittance Nigerians face on daily

Nigeria Internet Registration Association (NiRA) cordially invite you to nominate into the 2019 .ng Awards worthy organisations using the .ng

Partech has led a Series A investment round into Kudi, a Nigerian digital payment and collection for the cash economy

Affirm, Bill.com collect big rounds It’s been a big week for fintech funding. Affirm, the consumer credit company launched by

E-commerce can significantly boost free trade across Africa and therefore help realize the objectives of the Africa Continental Free Trade

Embraer has signed a firm order for 10 E195-E2 jets with Air Peace, Nigeria’s  airline. The order was announced during

The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigeria LNG Limited (NLNG) have signed the Nigerian Content Plan

The European Investment Bank (EIB) has signed a commitment of $15 million with the SPE Africa Industrialization Fund 1 (AIF

Intel Capital invests $117M in 14 startups Intel Capital just announced $117 million dollars of investments across 14 “disruptive” startups.

The United Nations and World Health Organization observe World Health Day on the 7th of April each year and the

Jiji, the largest classifieds marketplace in Nigeria and OLX announced that both companies have reached an agreement under which Jiji will

We are pleased to inform you that the FGN Savings Bond auction for the month of April has commenced and will be

Bitcoin jumped suddenly on Tuesday, following months of relatively low volatility in an asset once known for its wild price

Jumia, the pan-African conglomerate of e-commerce businesses, has set a price range of $13 to $16 per share ahead of

A Kenyan Science teacher, Peter Tabichi, has won the 2019 Varkey Foundation Global Teacher Prize, as recognition for turning lives

Last week, the bonds market traded on a bullish note following investors positioning ahead of the Monetary Policy Committee meeting

Access Bank Plc will today launch its new brand identity with 400 branches, reports Thisday Newspaper. This followed the successful

The Internet Exchange Point of Nigeria (IXPN) has become a regional internet exchange with the support of the African Union

Africa business development company, Atigs Group has partnered with Quanfarm, a Silicon-Valley based Predictive Analytics, Automation, and AI firm, with

Union Bank recently tutored over 3100 students from 34 schools across the Country as part of activities to mark the

The African Development Bank (https://www.AfDB.org) has approved a US$20 million equity investment in Uhuru Growth Fund 1, a first-generation fund sponsored by

Jumia, the leading pan-African e-commerce platform, today announced that Mastercard  has agreed, subject to certain conditions, to become an investor and

Huawei’s revenue grew 19.5 percent in 2018, surpassing $100 billion for the first time, despite continuing political headwinds from around

Online marketplaces such as Jumia, Souq, Uber, Dobizness, and Travelstart could create around 3 million new jobs by 2025 across

Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquire Middle East rival Careem, buying dominance in a

Nigeria’s central bank cut its benchmark interest rate to 13.5 percent from 14 percent as part of an attempt to

Africa must digitize its economies, broaden its tax base, prevent further deterioration of fiscal and debt positions, and aim for

The Nigeria Internet Registration Association (NiRA) in collaboration with the Network Startup Resource Center (NSRC) University of Oregon hosted a

Access Bank and Diamond Bank saythe Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have given

In continuation of its drive to facilitate ease of access and deliver more convenient services, Nigeria’s largest online vehicle trading

The African Development Bank (www.AfDB.org), rated Aaa/AAA/AAA by Moody’s/S&P/Fitch, has successfully priced a EUR 1 billion 10-year Global Benchmark, due

The Executive Vice Chairman and Chief Executive (EVC/CEO) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has called

Results released today by the Government of Nigeria indicate a national HIV prevalence in Nigeria of 1.4% among adults aged

Access Bank Plc has announced the approval of its proposed merger with Diamond Bank Plc by shareholders of the Bank.

E-commerce company, Jumia,  based in Nigeria is to become the first African start-up to be listed on the New York

Two African startups, Kenya’s MumsVillage and Sierra Leone’s Mosabi have made it to the second cohort of Gray Matters Capital’s Calibrator program

Paxful (www.Paxful.com), a peer-to-peer Bitcoin marketplace, announced on February 21, 2019 at 9am,  an integration onto BitMart Exchange, a premier global digital

Big takeaways from Lyft’s IPO filing Lyft has finally formally filed to go public, revealing a long history of quick

International Women’s Day (IWD) is observed each year on 8th March and it is a worldwide event that celebrates women’s

The National Bureau of Statistics (NBS) in its latest figures indicated that there were about 11.8 million licensed cars on

As FIRS law demands, all limited liability businesses in Nigeria are to register for company tax TIN (Tax identification number)

The Middle East and Africa (MEA) personal computing devices (PCD) market, which is made up of desktops, notebooks, workstations, and

The bullish sentiment in the Treasury Bills (“T-Bills”) secondary market was reversed last week (after two weeks) as the Apex

One Finance (OneFi) has secured a $5M debt facility for its consumer facing platform, Paylater. The facility comes from New York

Women must “redesign the table”, and not just expect to be at the table, says Ģraça Machel, who spoke during

Over the last 14 years or thereabout, the bilateral relations between the People’s Republic of China (PRC) and Africa (as

The Africa Women Innovation and Entrepreneurship Forum (AWIEF), which will celebrate its 5th anniversary this year, will host an event

never-ending Series H funding round total to $4.5 billion. Blueground raises $20M for tech-rich rentals New York-based Blueground, a provider

Africa will not fully develop if hundreds of millions of its people continue to live without electricity, Economic Commission for

Ride-hailing firm Taxify is changing its name to Bolt and introducing. The update according to the company brings the brand identity

As part of its merger benefits to customers, Diamond Bank, Nigeria’s leading retail Bank has introduced PayDay Loan to ease the financial

South African stocks are the cheapest on record relative to their emerging-market peers, but they’re still not cheap enough for

Nigerian President Muhammadu Buhari has come under pressure from his political allies to replace central bank Governor Godwin Emefiele when

Southeast Asian ride-hailing giant Grab said Wednesday it has secured $1.46 billion in new funds from the SoftBank Vision Fund.

Microsoft has today announced the opening of its first datacentres in Africa, with the general availability of Azure from the

Following the conclusion of the Presidential and National Assembly elections, NOIPolls presents findings from its New Year poll which highlighted

Pinterest files confidentially for IPO In news that comes as a surprise to no one, Pinterest has reportedly submitted confidential

United Bank for Africa (UBA) has launched its franchise in London, United Kingdom, three weeks after it launched its operations

Lyft released its long-awaited IPO prospectus Friday, revealing that the Uber archrival lost $911 million on $2.1 billion in revenue

TeamApt, a Nigerian fintech company that provides digital solutions and payment infrastructure for Africa, has closed on a $5.5M Series

Jumia, Africa’s leading e-commerce platform, has today signed an important partnership with technology leader Xiaomi at the Mobile World Congress

Nigerian Cement Sector Update –  In Search of Growth Triggers The report highlights the structure of the industry, major players

Swift2pay, a bill payment service, has fully commenced business online, providing seamless services to consumers and suppliers. Swift2pay is a

Car seller Chehaoduo fuels up with $1.5B from SoftBank Beijing-based Chehaoduo, an online platform for buying and selling used or

The Abuja Chamber of Commerce and Industry (ACCI) yesterday called for urgent tax reforms that will facilitate the survival of

The Central Bank of Nigeria (CBN), said the Manufacturing Purchasing Managers’ Index (PMI) stood at 57.1 index points as at

The National Bureau of Statistics (NBS), has said that the Nigerian manufacturing sector contributed about N864 billion of the N3.63 trillion

GE Healthcare (www.GEHealthcare.com) has partnered with the Nigeria Sovereign Investment Authority (NSIA) to supply latest technology in computed tomography (CT),

The African Legal Support Facility (www.AfLSF.org) has completed a two-day workshop for African lawyers and government negotiators, aimed at strengthening

Access Bank (“Access”) is issuing a 5-year Fixed Rate Senior Unsecured Green Bond Issuance of up to N15.0bn which is

The Treasury Bills (“T-Bills”) secondary market last week traded on bullish sentiments as investors’ anticipation of OMO auctions fell flat

This week, the bonds market traded on slightly bearish sentiments as investors traded cautiously due to the postponed elections and

Motif Ingredients launches with $90M to make protein The custom microbe-making unicorn Ginkgo Bioworks is launching a new spinoff called

The Nigerian Stock Exchange (NSE) in conjunction with Fund Managers Association of Nigeria (FMAN); Association of Stockbroking Houses of Nigeria

MainOne has announced a metro fiber infrastructure project in two states of Nigeria, with support from Facebook. The infrastructure collaboration

GSMA has unveiled its eighth annual State of the Industry Report on Mobile Money, offering a current snapshot of the

Nigeria is set to deploy Artificial Intelligence in its telecommunications sector as Globacom has announced plans to launch the next

Telecoms company, Globacom, has announced a new product, Glo Mobile Money, which will help accelerate financial inclusion to over 60

This news was originally published by Dailyindependent.ng Ease-of-doing-business which is an index created by the World Bank, where higher rankings

Access Bank Plc said it has concluded plans to issue the first corporate Green Bond in Africa worth N15 billion

Transcorp Hotels Plc, and owners of Transcorp Hilton Abuja and the iconic Transcorp Hotels Calabar has announced its audited financial

Microsoft buys DataSense from BrightBytes Microsoft announced that it is acquiring data integration platform DataSense from San Francisco-based BrightBytes, a

Tiger Global flexes its strength Although relatively secretive in the way it navigates new opportunities and emerging markets, investment firm

The share price of Zenith Bank Plc yesterday gained N1.35 each or 5.83 per cent to close at N25.35 each,

Sterling Bank Plc has simultaneously listed the Sterling Investment Management SPV PLC‚¦32.90 billion Series 2 on FMDQ OTC Securities Exchange

The Central Bank of Nigeria (CBN) has made a fresh injection of $210 million into the inter-bank foreign exchange market

The psychology behind social-good brands The idea of giving back as part of the business model no longer feels like

GDP report which shows Nigeria’s economic growth performance in 2018 was published on Tuesday by the National Bureau of Statistics

Rivan raises $700M for electric trucks Plymouth, Mich.-based Rivian, a developer of electric pickup trucks, has raised $700 million in

British online payments start-up GoCardless has landed a $75 million investment backed by U.S. tech giants Alphabet  the parent company

A former Director- General, West African Institute of Financial and Economic Management, Prof. Akpan Ekpo, has said that Nigeria’s economy

Last week, the Treasury Bills (“ T-Bills ”) market started off on a bearish note, sustaining its performance in the

In a recent ranking by LivewithLynda, Union Bank’s Enabling Success short film has been named the ‘most viewed Nigerian Ad.’

The United Bank for Africa (UBA) has partnered with Google and ISP partner to unveil Google Station in 11 UBA

We want to share an update on our work to reduce the spread of misinformation, protect election integrity and support

DoorDash raising $500M at $6B+ valuation Delivery unicorn DoorDash is reportedly looking to raise another $500 million in funding at

Following the release of our report on Nigeria’s oil palm sector where we opined that the industry is keenly positioned

The African Development Bank (www.AfDB.org) and the Economic Community Of West African States Commission (ECOWAS) have signed an agreement for

Ecobank (www.Ecobank.com), the pan-African bank, is partnering with leading international children rights NGO Terre des Hommes (https://www.TdH.ch) to offer digital

Avanti Communications Group plc (Avanti) (www.AvantiPlc.com) a leading provider of satellite data communications services in Europe, the Middle East and

The CBN has given the country’s lenders some much-needed relief by extending the time they will have to implement stricter

Flour Mills of Nigeria PLC is seeking to raise up to ₦6.0bn in the sixth series of its ₦100.0bn Commercial

Embraer Defense & Security and its partner Sierra Nevada Corporation (SNC) were awarded a contract to deliver 12 A-29 Super

Applicants are invited to apply for the Business Partnership Facility (BPF) that provides grants to support and develop private sector

Nigerian telecommunications Globacom has announced that the company will be rolling out its Glo2 fibre optic infrastructure in 2019 from

The operationalization of the newly-created Fund for Export Development in Africa (FEDA) has moved into high gear with the holding

Nigeria-based Globacom unveiled plans to launch a new mobile money platform in its home market, alongside a range of other

“Don’t assume if you attempt the journey your fortune will change for the better,” a woman says over the public

TMT (telecom, media and technology) infrastructure mergers, acquisitions and fundraising in Africa is predicted to continue growing in 2019, as investment

Dropbox buys HelloSign for $230M Dropbox has gone shopping. The file storage and productivity tools provider announced that it is

APO Group (https://www.APO-opa.com), the leading media relations consultancy and press release distribution service in Africa and the Middle East, delivered record

The African Development Bank (www.AfDB.org) will present the 2019 edition of its flagship African Economic Outlook (AEO) (https://bit.ly/2Djcpf8) report on

The Treasury bills (’’T-Bills’’) secondary market sustained its bullish run last week on the back of the buoyant system liquidity

Facebook has partnered Dubawa, a Nigerian Online platform, to intensify the fight against fake information in the country. Adaora Ikenze,

WeChat is China’s most popular messaging app with a monthly user base of more than 1 billion people. But it’s

Legal tech rakes in venture capital It seems that investors have become more interested in legal tech companies over the

Moran Family of Brands, an international franchises of general automotive repair, transmission repair and driver safety products, has announced the

The World Bank Group and the German Federal Ministry for Economic Cooperation and Development (BMZ) have announced a deeper partnership

Global beverage company Coca-Cola Company has completed its acquisition of Chi Limited. in Nigeria. Coca-Cola first announced a minority investment

Grab’s fundraising push continues unabated after the Southeast Asian ride-hailing firm announced that it has raised $200 million from Central Group,

On the Precipice! The year 2017 seemed to herald a resurgence of the Nigerian economy as exports recovered and investor

The NOIPolls Personal Well-Being Index (PWBI) report for Q4, 2018 revealed a decline of 1.4-points in the PWBI to stand at 61.5-points from 62.9-points obtained in Q3, 2018. The

TIBCO Software, a global leader in integration, API management, and analytics, has signed a historic and strategic partnership agreement with

When you ask Tony Elumelu if Africa would profit from free trade, the Nigerian entrepreneur and philanthropist does not have

Global immunization experts attending the biannual Regional Immunization Technical Advisory Group (RITAG) meeting urged African countries to strengthen their routine

Here’s Where Early Funding Is Growing Which U.S. startup hubs are seeing a rise in early stage funding? And where