Cisco and the National Information Technology Development Agency (NITDA) in Nigeria have signed a memorandum of understanding (MoU) to support Nigeria’s digital transformation agenda and contribute to digital skills training and development. “Cisco has a responsibility to both its customers and the greater global community to help solve challenges that impact our daily lives,” said …
Nicholas Willard, head of Business Development, EMEA, Faactum is leading the expansion of the risktech company in Africa’s largest economy, Nigeria. In this interview with BusinessDay’s Frank Eleanya, he speaks about the opportunities its risk analytics technology offers players in the financial services industry to improve compliance and efficiency. Overview of Faactum: Facctum is a …
MultiChoice Group, the South African media company behind DStv, SuperSport, and other media assets, is launching ‘Moment,’ a payment infrastructure platform dedicated to businesses throughout Africa. In collaboration with two investors, Rapyd and General Catalyst, MultiChoice Group will establish its new fintech joint venture aimed at developing an “integrated payment platform for Africa”. Moment aims …
Nigeria’s new President Bola Tinubu is quickly warming himself to investors after wasting no time in announcing an end to the country’s costly fuel subsidy program and unveiling plans to adopt a single exchange rate. Investors are already reacting to Tinubu’s pro-market policies with the country’s dollar bonds rallying. According to Bloomberg data, debt due …
Lolade Akinmurele May 30, 2023 Nigeria’s new President Bola Tinubu is quickly warming himself to investors after wasting no time in announcing an end to the country’s costly fuel subsidy program and unveiling plans to adopt a single exchange rate. Investors are already reacting to Tinubu’s pro-market policies with the country’s dollar bonds rallying. Read …
Treasury bills yield is expected to trend upwards this week at the secondary market, following a hike in the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN). Treasury yield is the effective annual interest rate that the government pays on one of its debt obligations, expressed as a percentage. In other words, …
Here are three big stories from Africa’s business landscape you should keep in mind this week: The CBN went on a licence-revoking spree On May 24th, the Central Bank of Nigeria revoked the operating licences of 132 microfinance banks, four primary mortgage banks, and three finance companies. Notably, the CBN’s reasons for this carnage varied …
Over the last five years, we have become synonymous with Bitcoin and crypto trading. We have been at the forefront of crypto adoption in Africa, and despite governmental and environmental challenges that have tested our efforts to drive adoption in Nigeria and Africa, we have remained resolute. Our efforts did not go unnoticed, as we …
Traditionally, food, clothing, air, and shelter are recognized as the fundamental necessities of life. However, with the overwhelming advancement in technology that we are experiencing, we might consider adding mobile phones to the list. While it may not sustain life itself, it has undeniably become an indispensable tool with which we navigate our everyday lives. …
In the African continent, the cryptocurrency landscape is seeing rapid growth and capturing the attention of entrepreneurs, investors, and policymakers. Africa is home to over 1.3 billion people spread across 54 diverse nations which presents a unique opportunity for the adoption and implementation of trading technology solutions. One of the driving forces behind the increasing …