Business

BusinessFinanceTechnology

Interswitch Ventures into Nigeria’s Telecom Sector with MVNO License

Payments leader Interswitch is making a strategic move into Nigeria’s telecommunications sector. The company, known for its Verve debit cards, acquired a Tier...

BusinessFinance

Nigeria’s Trade Recovery Lags Behind Despite AfCFTA Implementation

Nigeria’s trade with African countries has struggled to regain momentum following the COVID-19 pandemic despite the enactment of the African Continental Free Trade...

BusinessFinanceTechnology

Telegram Eyes Profitability and Public Offering After User Boom

The popular messaging app Telegram is nearing financial independence and setting sights on a future initial public offering (IPO). In a recent Financial...

Business

Lagos Govt Warns Uber to Adhere to Data Sharing Protocols or Face Sanctions 

The Lagos State Government has warned Uber Technologies System Nigeria Limited of potential sanctions for the company’s alleged failure to adhere to essential...

BusinessFinanceTechnology

LemFi Appoints Allen Qu as VP of Growth to Lead Expansion into Chinese Market

LemFi, a fintech firm specializing in international payment solutions, has appointed Allen Qu as Vice President of Growth to spearhead its expansion into...

BusinessFinanceTechnology

Flutterwave Shuts Down Barter to Focus on Enterprise, Remittance

African fintech giant Flutterwave is discontinuing its consumer virtual card service, Barter, to prioritise its enterprise and remittance business segments. Over the past...

BusinessNews

Following Binance Exit, CBN Partners With Blockchain Firm Gluwa, to Propel eNaira Adoption

The Central Bank of Nigeria (CBN) has sealed a partnership with blockchain credit infrastructure firm, Gluwa, to accelerate the adoption of eNaira. eNaira...

BusinessNews

After Listing his Power Firm, Tony Elumelu Advices FG to Privatise Electricity Transmission

Nigerian business magnate, Tony Elumelu, a key figure controlling 15% of the nation’s electricity market, has called on the government to initiate the...

BusinessFinanceTechnology

CBN Requires Monthly Financial Returns from Microfinance, Mortgage and Development Banks

The Central Bank of Nigeria (CBN) has instructed Microfinance Banks (MFBs), Primary Mortgage Banks (PMBs), and Development Financial Institutions (DFIs) to submit their...

BusinessFinanceTechnology

Cascador Launches 2024 Accelerator Program for Mid-Stage African Entrepreneurs

Cascador, an accelerator program supporting mid-stage African entrepreneurs, has opened applications for 2024 with a focus on business growth and leadership development. This...

Adelabu Minister of Power
BusinessNews

I am holding all DisCos accountable for their performance – Power Minister

Bayo Adelabu, the Minister of Power, has summoned the heads of the Abuja Electricity Distribution Company (AEDC), Ibadan Electricity Distribution Company, and the...

Northern Nigeria Farmers
BusinessNews

Northern Nigerian Farmers Forced to Pay Large Sums to Bandits for Permission to Farm and Harvest

A recent report has revealed that local farmers in Northern Nigeria are compelled to pay hefty sums, ranging from N70,000 to N100,000, to...