Nigeria aims to raise its GDP to 15% by 2025 through its digital economy, to accelerate economic growth and development, as stated by Clem Ikanade Agba, the country’s Minister of State Budget and National Planning. Nigeria’s large and fast-growing tech-savvy youth population increases the likelihood of significant GDP growth driven by the digital economy. Although …
Three weeks after the country’s general elections, Nigerians across 28 states returned to the polls to vote for their governors and state-level representatives. On both occasions, widespread disenfranchisement and violence became focal points of the elections. But something else stood out, especially during the presidential elections — Nigerians became joint coordinators with INEC officials. Nigerians …
By combining its Customer Data Platform (CDP) and Communications Platform as a Service (CPaaS), Terragon has introduced an integrated customer engagement data solution, empowering financial institutions to deliver unparalleled experiences and shift towards a customer-centric approach. Deji Balogun, CTO and Co-Founder of Terragon, expressed his excitement about the establishment of this first-of-its-kind banking solution. He …
Meta, the parent company of Facebook, has announced the third edition of its ‘Made by Africa, loved by the World’ Campaign, as part of the Africa Day celebration on 25 May. The campaign themed “Rising Stars” aims to amplify the voices and stories of eight rising talents from across Africa, who are building a global …
Here are three major stories from Africa’s business landscape you should keep in mind this week. Nigeria wants to splash on “free internet.” The Federal Executive Council (FEC) has approved ₦24.2 billion ($52.57 million) to provide Internet services at 20 airports, some educational institutions, and markets across Nigeria. According to Isa Pantami, the Minister of …
Interest rates are a funny thing. To some, they’re just another number on a bank statement or a credit card bill. Central banks see it as a tool for controlling inflation or promoting economic growth. But for others, they’re a matter of life and death — the difference between affording basic needs or going hungry. …
Over 20,000 visually impaired Nigerians have successfully undergone free corrective surgeries. Their power of sight was restored via the Priceless Gift of Sight initiative of First City Monument Bank (FCMB) in partnership with the Tulsi Chanrai Foundation (TCF). Altogether, more than 350,000 Nigerians in Cross River, Ogun, Kebbi, Imo, Abuja, Katsina, and Adamawa, among other states, have …
The Nigerian banking industry is a leader in the continent’s financial sector. Total assets were pegged at N66.76 trillion ($151 billion) as of August 2022, a 19.13% from the same period in 2021. The banking sector provides almost 80,000 jobs to top executives, junior staff and contract workers in Africa’s largest economy. The sector has …
As digital payments become more ubiquitous, businesses that offer digital payment services are poised to thrive. Consumers are shifting away from cash and towards digital payments, making it increasingly important for businesses to offer digital payment options. From e-commerce platforms to mobile payment services, there are many types of businesses that can benefit from the …
Lagos, Nigeria – Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, today announced unaudited results for the twelve months period that ended December 31, 2021. Highlights Operational Upstream: 40% production decrease, 26,775boe/day compared to 44,550boe/day (FYE 2020) Oil production of …