Nigeria
Startups Tech Technology

Garage: Hitting Profitability in Just 4 Months through Sheer Hard Work and Diligence

Starting a business in today’s competitive landscape is no small feat. But hitting profitability within four months of launching is even more remarkable. For The Garage, a tech-focused startup, this achievement was not by chance but the result of relentless dedication, hard work, and strategic thinking.  How It All Began: The Early Days of The […]

Read More
Fintech News Trending

NANS Calls for Immediate Reversal of N50 Fintech Transfer Levy as September 9 Deadline Hits

The National Association of Nigerian Students (NANS) has raised its voice against the newly introduced N50 Electronic Money Transfer Levy (EMTL), which is set to take effect from September 9, 2024. This levy mandates a deduction of N50 for every electronic transfer of N10,000 and above through fintech platforms like OPay and Moniepoint. In a […]

Read More
Business Fintech

FIRS Extends EMTL to Fintechs: Moniepoint, OPay Set to Deduct N50 on Inflows Over N10,000 from September 9th, 2024

The fintech revolution in Nigeria has long promised customers a seamless, low-cost banking experience. From quick money transfers to free deposits, these platforms—Moniepoint, OPay, PalmPay, and others—have enjoyed widespread popularity. But come September 9, 2024, things will change for users of these services.  It’s a regular Saturday morning, and Moniepoint’s customers receive a notification on […]

Read More
News Politics

Breaking: Ajuri Ngelale Resigns as Tinubu’s Spokesperson Due to Family Health Emergency

In an unexpected turn of events, Ajuri Ngelale, the Special Adviser to President Bola Tinubu on Media & Publicity, has decided to step down from his role. His reason? Family comes first. In a statement shared on his Facebook page, Ngelale revealed that he’s taking an indefinite leave of absence to focus on some serious […]

Read More
Economy Energy

Nigeria’s First Floating LNG Plant Set for Construction

Nigeria is taking a major step towards expanding its natural gas sector. UTM Offshore Ltd. has been granted a license to build the nation’s first-ever floating liquefied natural gas (LNG) facility, which is expected to produce 2.8 million metric tons per year.  The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) issued the license, marking […]

Read More
Business News Trending

NNPC Clarifies Role in Dangote Refinery Operations Amid MURIC Claims

In light of growing concerns regarding the relationship between the Nigerian National Petroleum Company Limited (NNPC Ltd) and the Dangote Refinery, the NNPC has issued a formal clarification to dispel rumors about its involvement in the refinery’s product pricing and distribution strategy. The concerns, raised by the Muslim Rights Concern (MURIC), suggest that recent changes […]

Read More
Business Analysis Business News

Economic Challenges Weaken Nigeria’s Manufacturing Sector: Contribution to GDP Falls by 20.95%

Nigeria’s manufacturing sector has faced significant economic Economic Challenges Weaken Nigeria’s Manufacturing Sector: Contribution to GDP Falls by 20.95%challenges in recent times, as evidenced by a notable decline in its contribution to the Gross Domestic Product (GDP). According to data from the National Bureau of Statistics (NBS), the sector’s contribution dropped by 20.95% in the […]

Read More
Pictured from left: Dr. Sunday Mukoro, Managing Director of Coscharis Technologies Limited, and Mr. Olugbenga Adewale, Enterprise Sales Director for Central Africa at Vertiv, during the signing ceremony for a new distribution partnership between Vertiv and Coscharis Technologies in Lagos.
Business News Economy Partnerships

Vertiv Partners with Coscharis Technologies to Enhance IT Infrastructure in Nigeria and Ghana

In a strategic move to strengthen IT infrastructure and digital solutions in West Africa, Vertiv, a global leader in critical digital infrastructure and continuity solutions, has partnered with Coscharis Technologies. This collaboration aims to expand Vertiv’s presence in Nigeria and Ghana, enabling customers to access advanced IT infrastructure solutions that cater to businesses of all […]

Read More
Image: Mitesh Popat
Fintech

Mitesh Popat’s Appointment as CFO Signals a New Era for Flutterwave

Flutterwave, a leading payments technology company in Africa, has recently welcomed Mitesh Popat as its new Chief Financial Officer. Popat’s appointment marks a pivotal moment for the company, bringing with him two decades of extensive experience in global financial services that spans North America, Europe, the Middle East, and Africa. His deep expertise and track […]

Read More
Business Trending

China-Africa Summit: Xi Jinping Promises $51 Billion and a Million Jobs for Africa’s Growth

At the Forum on China-Africa Cooperation (FOCAC) Summit in Beijing, Chinese President Xi Jinping announced a massive $51 billion in fresh funding to support African development over the next three years. The funding is aimed at boosting infrastructure, job creation, and trade across the continent. Xi Jinping addressed over 50 African leaders and key international […]

Read More
X