Business and Economy News

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

Gaining brand trust has taken on a much deeper meaning since the Covid-19 Pandemic ordeal when consumers experienced (customer experience

The African Development Bank has joined a group of 11 multilateral development banks (MDBs) and the International Monetary Fund (IMF)

Chat commerce can assist companies, especially banks, connect with customers who are increasingly demanding a new way of engagement and

LAGOS, December 14, 2020 – Over the years, Nigeria has been looking at plugging loopholes through which the country is

Royal IHC has sold a Beaver® 65 DDSP alongside a DMC 1450 workboat, booster station and discharge piping to Oretol Nigeria

Aside the benefit of improved efficiency in the operations of the nation’s seaports, an effective implementation of innovative ideas in

Tobacco causes 8 million deaths every year. When evidence was released this year that smokers were more likely to develop

The World Health Organization (WHO) launched a year-long global campaign for World No Tobacco Day 2021 – “Commit to Quit.” 

The Department of Petroleum Resources (DPR) says it will collaborate with the Oil Producers Trade Section (OPTS) of the Lagos

Ghana, Senegal & Uganda met virtually with international financial partners and risk analysts to discuss the most urgent risks and

Africa Continental Free Trade Area (Afcfta) Secretariat and the African Union in partnership with the UNDP, launched ‘The Futures Report:

Recent studies criticising the global chocolate industry for exploitative practices have concerned ethical consumers. Cocoa farmers only earn about 6%

Application Deadline: unspecified LEAP Africa is looking to hire Graduate interns into the following units: This internship is for graduates who

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, announces that Linda Beal, a

A new study by Nokia and Telefónica has found that 5G networks are up to 90 percent more energy efficient

Nigerian consumer credit startup CredPal has raised a $1.5million funding round. The funding came as the startup prepares to launch its

The Ministry of Foreign Affairs wishes to inform that the United States Government has removed all visa reciprocity fees for

ROAM Africa (Ringier One Africa Media) has today released three new labour market reports that shed more light on the effects

Waltersmith, UNIDO and UNECA have signed a technical support agreement with respect to the development of an Industrial Park by

To enhance efforts to combat the scourge of Illicit Financial Flows (IFFs) on the African Continent, the African Union Commission through the

The Lagos State Health Management Agency (LASHMA) has partnered with First Bank of Nigeria to utilise its over 13,000 Firstmonie

Shell lubricant products will be widely available in the Nigerian market following a new deal with Ardova PLC(AP). Announcing the

Kwik Delivery and Mastercard have announced a partnership to provide discounts on all Kwik Delivery services to Mastercard cardholders in

The World Health Organization (WHO) is calling on countries and global health partners to step up the fight against malaria,

H.E. President Muhammadu Buhari will on Tuesday, December 1, roll out the much awaited National Gas Expansion Programme (NGEP) in

The Ecobank Group (https://www.Ecobank.com/) launches ‘Ellevate’, a programme for women-owned and women-focused businesses across 33 markets. This programme is designed

MainOne, West Africa’s communications services company for business, has become the first Microsoft Azure Peering Services partner for West Africa, providing enterprises

Qatar Airways will operate three weekly flights to Abuja, Nigeria via Lagos from 27 November 2020 becoming the sixth new

Cybersecurity firm Sophos has published the Sophos 2021 Threat Report. The report flags how ransomware and fast-changing attacker behaviours, from

Financial and investment bouquet services company VFD Group Plc, has been nominated in two categories in the forthcoming BusinessDay Banks’ And

Nigerian e-commerce startup Kwik Delivery has partnered with Total Nigeria, to develop an e-commerce fulfilment and delivery service in Nigeria. Kwik Delivery and Total

The U.S. Agency for International Development (USAID) Acting Deputy Administrator John Barsa announced a brand new, continent-wide Prosper Africa program

Accelerex Holdings has signed an investment agreement with regional private equity firm, Africa Capital Alliance, ACA, for the Capital Alliance

The leading pan-African banking group, the Ecobank Group (Ecobank.com), today celebrates its eighth annual Ecobank Day, which is the Group’s

Ten years after its creation, AFP-Services, a subsidiary of Agence France-Presse, specializing in on-demand custom content, becomes FACTSTORY (https://www.FACTSTORY.agency/), a

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has been declared the winner of the Holding Group Category

Africa-focused Morocco-based B2B VC fund Outlierz Ventures has announced new investments into three Nigerian startups – Bamboo, Youverify and Healthlane. 

The Nigerian Stock Exchange (NSE) announced that a market-wide circuit breaker kicked in on Thursday, November 12, 2020, at 12:55

The African continent is currently one of the fastest-growing regions when it comes to mobile growth, and financial technology companies that are

TGS, a provider of multi-client geoscience data for exploration and production companies, has announced the recommencement of the geochemical coring

P+ Measurement Services, Nigeria’s foremost Independent Public Relations (PR) measurement and evaluation agency, marks its fifth-year of successful operation in

Jumia  has announced that its logistics service is now available for use by third parties. Until today, Jumia’s logistics services

The Nigerian Communications Commission (NCC) has granted approval for two mobile network operators (MNOs), MTN Nigeria and 9Mobile, to carry

ThisDay newspaper was the most sought after publication for banks, as BusinessDay newspaper was the most sought after publication for

Villgro Africa, an impact investor that inspires, nurtures, and scales innovation by offering customized technical assistance and investments to early

The AFEX Commodities Index increased marginally by 0.77% closing the week at 271.02 basis points. This increase was because of

Mobile financial services are a global game-changer with an open money network being the connection needed between the financial industry

The Federal government has officially unveiled the registration portal for the N75 Billion Nigeria Youth Investment Fund (NYIF), thereby paving

The Hon Minister of State, Federal Ministry of Industry Trade and Investment and  Chairperson of the Steering Committee of the

54gene, whose mission is to advance inclusive precision medicine through research, advanced molecular diagnostics, and clinical programs, has launched its

Alaa Moatamed, Co-Founder of Presto , a leading delivery management service, takes home the $25,000 Grand Prize   With a pool of

The U.S. Trade and Development Agency (USTDA) issued a call for initial proposals to expand its grant-based support for feasibility

Ericsson has launched its 2020 edition of the Graduate Program in Africa. The program aims to grow the technical skills

MTN Group announced two new appointments of Chief Executive Officer of major subsidiary MTN Nigeria Communications and that of MTN

As the COVID-19 pandemic wreaks havoc on the global economy, Africa’s top 150 most valuable brands in Africa could lose

MTN Group has been named the most valuable brand in Africa in the Brand Finance Africa 150 2020 ranking, which

In support and contribution to the development of industry in Africa, Siemens has revised its business approach for sustainable business

AppsFlyer, the global attribution leader, has released the 11th edition of its Performance Index. While Facebook took the first spot,

When Stripe announced earlier this year that it had picked up another $600 million in funding, it said one big reason for the funding

Cambium Networks, a global provider of wireless networking solutions, has announced it is supplying Tizeti Network Limited, Nigeria’s public Wi-Fi

Djembe Consultants (www.DjembeConsultants.com), the award-winning Africa-focused communications consultancy, today launched its latest Insights Report in partnership with AfriLabs, the largest

First Bank of Nigeria has announced the appointment of Mrs. Oluwande Muoyo as a Non-Executive Director. Mrs. Muoyo joined the board

IFC, a member of the World Bank Group, has announced a finance guarantee facility to Union Bank to boost access

The Special Anti Robbery Squad – SARS – unit of the Nigerian Police Force has been dissolved. The unit become

The Global Startup Awards (GSA), largest independent startup ecosystem awards platform with a mission to find, recognise and connect the

The President, today presented his 2021 budget to a joint session of the National Assembly. According to the President, the

Mondia (https://Mondia.com), a leading technology company which specialises in the marketing and distribution of digital content and Jumia (NYSE :

Investment opportunities in Africa are changing rapidly because of COVID-19. Small businesses are trying to stay afloat while investors try

In line with its ambition to support Nigeria’s economic growth by providing a liquid, efficient, and multi-asset securities exchange hub,

The Nigerian Communications Commission (NCC) has considered lifting the suspended Spectrum Trading Guidelines (STG), 2018, pending conclusion of the ongoing

Eos Energy Storage LLC, a manufacturer of safe, low-cost and long-duration zinc battery storage systems, has announced an expansion of

The regulatory action taken by the Nigerian Communications Commission (NCC) to facilitate the listing of MTN Nigeria on the country’s

Subscriptions to high speed or broadband internet services in Nigeria have increased significantly to a peak of 82.7 million as

Nigerian stocks prices surged by the most in more than five years Tuesday, extending their rally to a 12th day,

The Corporate Affairs Commission (CAC) has said that company registration will now be concluded in 48 hours while business names

MTN Nigeria has appointed Aquila Leasing as its fleet management technical partner. The appointment will see Aquila managing MTN’s fleet

Three scientists who discovered the virus Hepatitis C have won the 2020 Nobel Prize in Medicine or Physiology. The winners

The demand for uninterrupted, free mobile Internet access is only increasing as the world dives deeper into the pandemic. That’s

Nigeria’s technology innovation centre Co-creation Hub (CcHUB), has acquired Kenya’s iHub for an undisclosed fee. The deal will see iHub’s

Mastercard has announced a partnership with Samsung, Airtel Africa and Asante Financial Services Group (“Asante”) to launch a Pay-on-Demand payments

The European Investment Bank (EIB), alongside CDC Group plc (CDC), the UK’s development finance institution, Germany’s DEG, FinDev Canada, FMO,

The African Union has amplified action to tackle non-tariff barriers and increase small businesses’ use of the tradebarriers.africa tool through

Metro Africa Xpress (MAX or MAX.ng), a mobility platform in Nigeria and West Africa, announced the successful issuance of a

APO Group (www.APO-opa.com), the leading pan-African communications and business consultancy, presents the second annual APO Group African Women in Media

Green Africa, Nigeria’s Lagos-based value airline, has formed a strategic partnership with First City Monument Bank (FCMB), a  financial institution

Orange has announced the launch of its online training platform “Orange Campus Africa” in partnership with the Virtual University of

“Potential”, “digital growth” and “new revenue streams” are three keywords characterizing Nigeria’s telecom market. That’s according to mobile technology company, Upstream,

WeThinkCode_ is a revolutionary coding academy in Johannesburg. It is a tuition-free course that is 100% sponsored by companies looking for world-class computer programming skills.

CDC Group, UK’s development finance institution and impact investor signed a memorandum of understanding with the Nigeria Sovereign Investment Authority (NSIA). The

 SouthBridge Group (www.SouthBGroup.com) signed a Collaboration Agreement with The Brazil Africa Institute (https://IBRAF.org) (IBRAF). The Agreement was signed by Professor João Bosco Monte,

Esri, the global player in location intelligence, has announced a joint initiative on geographic information system (GIS) with AfroChampions, a Pan-African

Rack Centre, carrier neutral data centre operator in West Africa, announced an expansion programme that will increase capacity to a

As part of efforts to ensure a hitch-free movement around the Victoria Island, Lekki Axis, Access Bank commissioned its Oniru

Nigeria approved the development of a northern rail line to link it with neighboring Niger at a cost of $1.96

Africa Finance Corporation, an infrastructure solutions provider in Africa, has announced the successful issuance of its inaugural CHF150 Million, approximately

The OPEC Fund for International Development (the OPEC Fund) approved $100 million in new funding to support development operations in

Power Africa, through the United States Agency for International Development (USAID), announced grants totaling $2.6 million healthcare electrification to solar

The Nigerian Communications Commission (NCC) has embarked on a cost-based study to set the new pricing regime for mobile international

The AFEX Commodities Index composite experienced a marginal uptick by 0.48% as against the previous week, closing at 249.47 points

Kaspersky security solutions has reported on 28 million cyber attacks in 2020 and 102 million detections of potentially unwanted programs (pornware,

Nigeria’s financial services provider ARM launched ARM Sandbox, a new and more efficient way for fintechs to scale their integration

inq. has officially launched in Nigeria, bringing to fruition the dream of building a pan African network across African cities

According to statistics from the National Bureau of Statistics (NBS), 40% of Nigerians (i.e. a little more than 80 million

The U.S. Trade and Development Agency USTDA continued its 20 years of support for Nigeria’s telecommunications sector by funding two

Fifty per cent of surveyed African Educators – teachers, trainers and education technology specialists think the Covid-19 pandemic will turn

On the 9th of September 2020, Anchoria Asset Management engaged its followers on LinkedIn and provided answers to key financial investment

Applications are now open for the next cohort of the certificate course titled Building and Enhancing Sustainable Business Models for Financial Inclusion

Hub One, a coworking space and innovation hub owned by First City Monument Bank (FCMB) and managed by Leadspace has announced the

The Anzisha Prize (http://www.AnzishaPrize.org/) has revealed its top 20 finalists for 2020. Winners will be announced at this year’s Anzisha

Nokia has announced that it will supply Nigerian mobile operator, Tizeti with its Fastmile and Long Term Evolution (LTE) technology

Lumos, Africa’s solar home system provider, has announced new financing from U.S. International Development Finance Corporation (DFC) to expand its

African Export-Import Bank (Afreximbank) has disbursed $200 million to Zenith Bank Plc Nigeria under its Pandemic Trade Impact Mitigation Facility

Hapag-Lloyd German international shipping and container transportation company Hapag-Lloyd has expanded its footprint in West Africa by opening a new

The Tecno Camon 16 Premier The competition in the mobile phone industry has gotten much fiercer in recent years –

Kwik Delivery announces today that it has become the first African last-mile delivery platform to release a WooCommerce plugin, enabling thousands of

Global peer-to-peer bitcoin marketplace, Paxful, announced the addition of Tether (USDT) to its platform. The inclusion of USDT, the world’s largest

The Agency for Air Navigation Safety in Africa and Madagascar, ASECNA (https://ASECNAonline.asecna.aero), has started to broadcast a SBAS (Satellite-Based Augmentation

Infinix, a global player in the consumer electronics market has launched its new X1 smart TV. With Android TV™, the

Global peer-to-peer bitcoin marketplace, Paxful, has plans to strengthen operations in Nigeria with a physical presence in Lagos which will be

A survey of 200 CEOs was commissioned by the Pan-African Private Sector Trade and Investment Committee (PAFTRAC), and conducted by AfricanBusiness magazine

First City Monument Bank (FCMB) announced the reduction of interest rates on all consumer loan products, offering  customers the opportunity to restructure

Djembe Consultants (www.DjembeConsultants.com), the award-winning African-focused communications consultancy, has partnered with AfriLabs (www.AfriLabs.com),  the largest pan-Africa network of 225 technology

The disruption of the COVID-19 pandemic on global value chains and its impact on African businesses is already evident. As

Google Maps has added a new feature to its app: traffic lights at intersections in a number of US cities.

South Africa’s restrictions to curb the spread of the coronavirus put the economy into its longest recession in 28 years,

The Group Managing Director/Chief Executive of Zenith Bank, Mr. Ebenezer Onyeagwu called for a concerted effort towards diversifying the country’s

Union Bank states position on Lokoja branch closure by KRS  Union Bank Nigeria Limited has said it will respond to

Illumina, Inc. (NASDAQ: ILMN) today announced a collaboration with  54gene, a health technology company whose mission is to advance precision medicine

The Nigerian central bank has started to sell dollars in the spot market and forward operations to clear a backlog

The collaboration aims to help alleviate supply and logistical constraints in the African Union member states; Portfolio of 15 generic

Africa Oil Corp. has announced that it has received its fourth dividend from Prime Oil and Gas B.V , a

Digital Horizon venture fund has invested in Y Combinator alumnus Healthlane, the startup focusing on modern, online consultations for local and

Rack Centre, a carrier neutral data centre operator in West Africa, has announced an expansion programme that will increase capacity

In the last two days the Nigerian Naira made significant gains against the US Dollar in the parallel forex market.

Effective from today, September 1, 2020, the central bank of Nigeria has reduced the minimum interest payable on savings deposits

Lagos Biobank, a digital platform developed by the Lagos State Government to meet the increasing demand for Covid-19 testing following

Major mobile network operators, MNOs, in the country recorded 9,077 cases of service outages on their networks in the second

Togo has received validation from the World Health Organization (WHO) for having eliminated human African trypanosomiasis or “sleeping sickness” as

The Sandbox is a major milestone for the Ecobank Group on it’s Open Banking strategy and it will accelerate partnership

Dr. Akinwumi A. Adesina has been re-elected to serve a second fiveyear term as President of the African Development Bank

As part of its effort to increase foreign exchange liquidity in the country, the Central Bank of Nigeria (CBN) has

Ask anyone where the next frontier for the digital economy will be, and the answer is likely to be Africa.

The African Development Bank (AfDB) announced a 24-month debarment of Sangtech International Services, Sangar & Associates (Nigeria), Mashad Integrated and

Women in business have a big role to play in a post-COVID 19 Africa and could significantly reduce the continent’s

Daily Trust has called for nominations of exemplary personalities for the coveted African of the Year 2020 award. Nominations are

Nigeria’s economy contracted the most in at least a decade in the second quarter as the crash in oil prices

The AFEX Commodities Composite experienced a decline, closing at 250.08 points in the week under review. This indicates a second

Nigeria Internet Registration Association (NiRA) is the registry for .ng Internet Domain Name. NiRA is responsible for maintaining the database

The Governor of Imo State, His Excellency Hope Uzodinma on 19 August 2020, launched the innovative Mobile Health Insurance Programme

BlackBerry has been left for dead countless times over the past decade, but it refuses to go away. Two years after the

Facebook on Thursday launched a $40 million grant program for Black-owned businesses hitby the coronavirus pandemic — part of the company’s broader initiative to help Black

The COVID-19 pandemic has strained the global economy and put millions of people under financial stress. Understandably, people from all

MoneyGram International announced a new partnership with Airtel Africa to enable Airtel Money’s 19 million customers to quickly and conveniently

BudgIT, Enough is Enough Nigeria (EiE Nigeria) and Paradigm Initiative (PIN) will hold the fourth edition of the bi-annual pan-African

Application Deadline:Wednesday, 26 August 2020. Thomson Reuters Foundation is delighted to offer African journalists, who are motivated to report on

Citigroup Inc. appointed Ireti Samuel-Ogbu as its Nigerian country officer, the first time a woman has been appointed to the lender’s top

Facebook has launched Avatars in Africa to give people new ways to express themselves online. Avatars are digital personas that

Kaspersky analysis has revealed that phishing attacks are becoming increasingly more targeted. A number of new tricks have also been

The International Air Transport Association (IATA) released new data indicating that the impact of COVID-19 on African aviation industry and

The AFEX Commodities Index Composite dropped slightly indicating the third week of marginal price movement. With anticipation of the new harvest season,

Facebook is welcoming innovators from around the world to build software solutions that grow communities and drive social impact! Participants

The groundwork has been laid for Indian investors who are looking to invest in Africa. During a recent virtual conference

Standard Chartered Bank and Airtel Africa have announced a strategic collaboration to drive financial inclusion across key markets in Africa

The AFEX Commodities Index composite reached a season high, appreciating by 5.18% to close the trading week at 264.06 points.

Mondia Pay, Mondia’s digital payment entity, announced it recently onboarded a series of new clients and is fast becoming the

The Nigerian Communications Commission (NCC), the Universal Service Provision Fund (USPF) and three other agencies under the Ministry of Communications

As part of its drive to empower the region’s vulnerable groups and directly impact the livelihood of the rural poor

Green Africa, Nigeria’s Lagos-based value airline, has announced Kiran Koteshwar as the new Group Chief Financial Officer effective from September 2020. He is a seasoned industry

AXA Mansard Insurance has announced the divestment from its subsidiary, AXA Mansard Pensions Limited, according to a notice of sale of

BNI® (Business Network International), the world’s largest and most successful business networking organization, is pleased to announce that Mark Clauss, a

Paradigm Initiative (PIN) joins the world in commemorating International Youth Day under the theme – Youth Engagement for Global Action.

New and experienced retail investors can now own a piece of the companies listed on The Nigerian Stock Exchange (NSE)

The Africa Centres for Disease Control and Prevention (Africa CDC) and the African Risk Capacity (ARC) have launched two COVID-19

Legacy Money Market Fund, a mutual fund managed by FCMB Asset Management (FCMBAM), has received a rating upgrade from A-(f)

The Nigerian Communications Commission (NCC) in furtherance of its mandate to protect the interests of consumers and support a robust

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta said that commercial banks in the

F5 Networks has launched a new Silverline Cloud Platform Point of Presence (PoP) that will significantly boost Managed Security Services capabilities

MTN is extending its digital strategy with the launch of a new pan-African API marketplace called Chenosis that will enable

ThisDay Newspaper was the most sought after publication for banks, as BusinessDay Newspaper was the most sought after publication for

The African gaming industry is expected to register a compounded annual growth of 12 per cent between 2020 and 2025

More than three quarters of people say they are “very concerned” about the environment and feel companies should be doing

Sterling Bank Plc, Nigeria’s commercial bank, in collaboration with Clickatell, a global mobile communications and chat commerce company, have announced

In line with its focus on accelerating access to affordable broadband connectivity in Africa’s underserved populations, and more recently, due

The Centurion Law Group has launched Africa’s first sports, media & entertainment practice to further support the rapidly growing sports &

IHS Netherlands Holdco B.V. has announced that its affiliates INT Towers Limited, IHS Nigeria Limited and IHS Towers NG Limited

The AFEX Commodities Index Composite saw a reversal from last week’s slight loss to end the trading week on a

Airtel Africa, a leading provider of telecommunications and mobile money services in 14 countries across sub-Saharan Africa, is scaling up

Top 50 finalists were selected from over 22,000 applications across all 54 African nations; The finalists represent 21 African countries,

Application Deadline: October 20th 2020 The sixth AppsAfrica Innovation Awards, celebrates technology and mobile applications from across Africa, showcasing the

Pavillon54 Limited has announced the launch of its online platform, pavillon54.com, a digital center for Modern and Contemporary Art from Africa

THE Federal Government on Wednesday approved the sum of N75 billion for the establishment of a Nigerian Youth Investment Fund

The Developer Circles Open Source Immersion initiative is a month-long celebration of Open Source technology run by Facebook. This brand

A COVID-19 dashboard has been launched by the Commonwealth Secretariat to help member countries make vital decisions during the ongoing

The “mHealth Market by Type, Stakeholders and Application: Global Opportunity Analysis and Industry Forecast, 2020-2027” report has been added to

Kaspersky (www.Kaspersky.co.za) has released its new threat intelligence solution aimed at helping SOC analysts and incident responders attribute malware samples

The AFEX Commodities Index composite experiences a slight decline due to the negative performance of the Soybean sub-index. The marginal

Shell Nigeria Gas (SNG) has completed the final phase of its 20km domestic gas pipeline expansion project in Abia State,

GreenTec Capital Partners has announced its investment in Pricepally, an innovative digital Nigerian wholesale platform allowing users to purchase food

The Nigerian National Petroleum Corporation (NNPC) has announced new appointments and redeployments in the National Oil Company, as part of

TradeDepot, the B2B eCommerce platform for consumer goods in Africa, has raised a further $10 million in a pre-Series B

Application Deadline: August 3rd 2020 The Google Podcasts creator program is a partnership between Google and PRX that trains, mentors,

Seplat Petroleum Development Company Board of Directors appointed Mr. Emeka Onwuka as Chief Financial Officer (CFO) and Executive Director of

Nigeria’s national telecommunications operator Globacom has slashed international call tariffs by as much as 55% to help its subscribers stay in

The AFEX Commodities Market Index composite has sustained a 2-month surge in market activity to close the trading week at

Africa Mobile Networks (AMN) has announced that it now processes more than one billion phone calls annually for subscribers in

The Nigerian Communications Commission (NCC) has created a Digital Economy Department principally responsible for implementing programmes and policies aimed at

The Chartered Institute of Bankers of Nigeria (CIBN) has commenced plans to adopt Remote Online Proctoring for the conduct of

The short-form video app TikTok could soon see a shakeup of its corporate structure as it confronts mounting criticism from

UNHCR, the UN Refugee Agency, and the World Food Programme (WFP) are warning that severe underfunding, conflict and disasters, as

American Express, Discover, Mastercard and Visa have announced they are each beginning technical preparations for global expansion of the Click

IFC, a member of the World Bank Group, issued a new US dollar global benchmark bond, raising $2 billion to

The Centurion Law Group has been engaged to institute legal action against American multinational health care company Abbott Laboratories for

Nigeria’s central bank devalued the naira by 5.5% against the dollar as authorities in Africa’s biggest oil producer migrate toward

Pan-African financial services group United Bank for Africa (UBA) has appointed Ayoku Liadi and Oliver Alawuba as Deputy Managing Directors

Application Deadline: August 30th 2020 The Huawei HMS App Innovation Contest aims to inspire global developers to leverage HMS Core to create

West Africa’s BUA Cement announced it is set to establish a three million metric tonnes cement plant and 50 megawatts

Konnect Africa, a subsidiary of Eutelsat Communications has proposed to offer broadband internet connection to isolation centers to fight against Covid-19 in

KaiOS Technologies has announced that its smart feature phones are being distributed across the state of Lagos to help school

The African Development Bank (www.AfDB.org) will launch its African Economic Outlook 2020 Supplement in a live Zoom event from 14.30

Communique of the Bureau of the Boards of Governors of the African Development Bank Group following its meeting of today

Today, Ecobank Group (www.Ecobank.com) confirms its commitment to support ending malaria, launching the first-of-its-kind Zero Malaria Business Leadership Initiative in

MainOne, West Africa’s provider of Wholesale and Enterprise connectivity and data center services celebrates 10 years of delivering innovative, world-class

Honoris United Universities, Africa’s first and largest pan-African network of private higher education institutions, has announced its expansion into West

Since inception, N-Power has trained over 500,000 beneficiaries in various vocational areas – farming, agro-processing, financial literacy, communication, digital skills

In order to achieve swift delivery and timely response(s) to media monitoring and measurement services inquiries by prospects and the

Nigeria’s leading digital financial services company, Carbon (https://getCarbon.co), has released it’s 2019 financial statements audited by KPMG, detailing its product