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Poor transparency validation could scare off investors, NEITI

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African cocoa farmers demand $6000/tonne floor price

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African family-owned firms outperform global peers despite inflation –

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Poor transparency validation could scare off investors, NEITI warns

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Ecobank reveals progress in quest to create strategic roadmap
Banking

Ecobank reveals progress in quest to create strategic roadmap

The Ecobank Group’s chief executive, Mr. Jeremy Awori, revealed that the company was making progress in creating its strategic roadmap and attributed this to the financial results in the first half of 2023. The lender increased its pre-tax profits by 63% to N92.52 billion in the second quarter of this year, while its half-year profit […]

Business

BUA foods names Yemisi Lowo-Adesola Non-Executive Director

The Board of Directors of BUA Foods Plc in a statement issued this afternoon, announced the appointment of Mrs. Yemisi Lowo-Adesola as an independent non-executive Director of the firm. Her appointment is effective right away and is contingent on the support of the company’s shareholders at its next annual general meeting. In the release, it was […]

FSD Africa, InfraCredit invests £10m into Nigeria's climate structure
Business

FSD Africa, InfraCredit invests £10m into Nigeria’s climate structure

FSD Africa Investments and InfraCredit have committed £10 million to a risk-sharing backstop facility that will enable local currency funding for Nigeria’s long-term infrastructure development. The first-of-its-kind Risk Sharing Backstop Facility will address the issue of low credit enhancement by mobilizing local institutional investment through bonds into viable early-stage or green-field climate-aligned infrastructure projects. The facility […]

FG targets 6500 megawatts power generation in six months
Electricity

Nigerian electricity market operators to assess performance

Nigerian electricity market operators on Tuesday, announced intentions to assess the performance of the Nigerian Electricity Supply Industry in the country. According to Premium Times, at a press conference on Tuesday in Abuja, the chairman of the NESI market participants and stakeholders roundtable planning committee, Stephen Ogaji, revealed this. The Transmission Company of Nigeria, the Distribution Companies, the Generation […]

Tech

Flutterwave unveils ‘Send App’ for diaspora remittances to Africa

Pioneer in Africa’s payments technology landscape, Flutterwave, has announced a significant upgrade to its revolutionary $end Mobile product, now rebranded as the Send App by Flutterwave. This enhancement is poised to revolutionize money transfers from the African diaspora to their loved ones on the continent, offering a swifter, more accessible, and cost-effective solution. The Send […]

Portuguese data watchdog halts Worldcoin’s iris-scanning project
News Tech

Worldcoin to allow companies, govts use tech system

Worldcoin plans to grow its project to add more users globally and wants to make its iris-scanning and identity verification technology available to other companies. The company intends to increase its activities in Africa, Europe, and Latin America. Worldcoin, which was co-founded by Sam Altman, CEO of OpenAI, went live last week. As part of […]

Students' loan scheme to be launched in three weeks - Gbajabiamila
News

FCCPC orders Google to remove Swiftcash, Easynaira, other loan apps

The Federal Competition and Consumer Protection Commission has issued an order requesting that Google remove Swiftcash, Easynaira, and 16 other lending apps from the Google Play store immediately. The Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending were broken, according to the Commission, which claimed to have just learned this in a statement signed by […]

Meta tests in-house AI chip to reduce reliance on Nvidia
Tech

Meta to seek users’ permission on Ads

The parent company of popular social media platforms Facebook and Instagram, Meta, has unveiled its plan to seek user consent within the European Union before allowing businesses to target advertising based on users’ interactions with its services. This move aligns with evolving regulatory mandates and follows an order issued by Ireland’s Data Protection Commissioner, the […]

Sterling GMD, directors acquire N514m new shares
Business

Sterling Bank, LASHMA expand healthcare coverage in Lagos

As a result of the partnership between the Lagos State government and Sterling Bank, residents of Lagos will soon be able to access high-quality healthcare services close to home. In order to facilitate easy access to healthcare services for the city’s busy citizens, the financial institution is supporting the construction of a few Ilera Eko Virtual Booths […]

X introduces new subscription plans for premium users
News Tech

Twitter rebrands TweetDeck to XPro

TweetDeck has been changed to XPro as part of an ongoing rebranding effort for the social media site by X, formerly known as Twitter. Instead of using the @TweetDeck handle for the product, the platform has switched to @Pro. However, “Twitter” and “TweetDeck” references can still be seen throughout the programme, including on the help […]

Brazil lifts ban on Starlink, X accounts after fine payment
News Tech

X: Paid Twitter users can hide verification badges

Verified users on social media platform X, formerly known as Twitter, can now hide their verification checkmarks. “As a subscriber, you can choose to hide your checkmark on your account. The check mark will be hidden on your profile and posts. The checkmark may still appear in some places and some features could still reveal […]

UK job vacancies drop 15% year over year in January - Report
News

UK supports Nigeria’s food security with £60m

British Foreign Secretary, James Cleverly has announced a spate of support worth £60 million for agriculture, food systems, and humanitarian initiatives in Nigeria as part of his four-day trip to African countries. The British government has claimed that the program will aid more than 4 million people in improving their farming methods and fending off the consequences of climate change […]

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