According to the latest data released by the Federation Account Allocation Committee (FAAC), the Federal Government (FG), along with the 36 states and 774 local governments (LG) in Nigeria, shared a total of N2.84 trillion as statutory allocation from January to April 2023. This figure reflects a 7.98 percent year-on-year […]
BUSINESS
9Payment Service Bank (9PSB), Nigeria’s foremost digital payment service bank focused on financial inclusion, has reiterated the need for players driving financial inclusion to collaborate and provide innovative and tailor-made financial products and services to improve the lifestyle of the underserved, and thereby reduce drastically the gap in the country […]
In an official statement released on Friday, SEC Nigeria underscored that Binance Nigeria Limited has neither obtained registration nor undergone regulation by the commission. Consequently, the exchange’s activities within Nigeria are considered unlawful and pose potential risks to investors. The commission, entrusted with the statutory mandate of investor protection, urged […]
African Tower Firm IHS in Shareholder Standoff Over Governance Wendel, MTN demanded better representation on the board The two shareholders own about 45% of the tower operator By Loni Prinsloo IHS Holding Ltd.’s annual meeting devolved into a tense standoff over investor power on Wednesday after the African tower operator […]
Dazzles Stakeholders With Growth Across Key MetricsRising from a lower profit margin of N10.2billion and a debilitating Non-Performing Loan portfolio of 45 per cent in 2015, to an impressive profit of N147billion and a significantly lowered NPL rate of 5.6 per cent in 2022, FirstBank has proven that its back-to-back profit-making […]
In order to bring Nigerian Secondary School Students into the moving trends of Technological Revolution across the globe, the American Space Ibadan, a Bureau of Educational and Cultural Affairs of the United States Consulate in Nigeria in collaboration with Media and Digital Skills Centre, Nigeria (mDISCEN) has staged a Hands-On […]
The telecommunications and Information Services sector in Nigeria has, in the first quarter 2023, delivered a handsome N2.508 trillion in terms of financial value contribution to the nation’s gross domestic product (GDP), representing 14.13 per cent. Figures released by the National Bureau of Statistics (NBS) showed that the sector recorded […]
There has been public outcry over the trending story based on Hindenburg Research against Tingo Group CEO, Nigeria’s Dozy Mmobuosi; an emerging large-hearted entrepreneur and his group of companies. Some critics of the said report say that it can best be described as an attempt to smear the good intentions […]
The National Information Technology Development Agency (NITDA), has showcased Nigeria’s Innovative Information Technology Policy Formulation Approach at the just concluded London Blockchain Conference. NITDA led the Nigerian delegation at the conference, held from 31st May to 2nd June 2023 at the Queen Elizabeth II International Conference Centre, Westminster, London, United […]
The All Farmers Association of Nigeria (AFAN) is happy to announce a significant development in its lease and service arrangement with Tingo Mobile Limited, a significant provider of mobile and fintech solutions in Nigeria. The Nwassa platform and other smartphone and fintech applications from Tingo Mobile have been incorporated into […]