MultiChoice Group, South Africa’s media company, said it invested heavily in creating local content, hiring African talent, and supporting the creative industry in Africa. This is contained in the financial year 2023, MultiChoice Group released this week. According to the company, MultiChoice spent 50 percent of its general entertainment budget on local content. This achievement …
The Nigeria Sovereign Investment Authority (NSIA) has selected 25 Nigerian startups to compete for the $225000 NSIA Prize for Innovation (NPI) programme. The startups will participate in a three-week accelerator programme. According to NSIA, the programme aims to support innovators, technopreneurs, and start-ups in technology-enabled businesses across various sectors of the economy with the potential …
The number of identified areas of clusters across Nigeria without access to telecommunications services has been reduced by 53.1 per cent as of the end of 2022. This means in over a 10-year period (from 2013 to 2023) 27 million Nigerian continues to not have access to telecommunication services. Umar Garba Danbatta, Executive Vice Chairman …
If President Bola Tinubu needed any reminder of the role his cabinet members and other appointees will play in resetting Nigeria’s struggling economy, the financial market’s reaction to the suspension of Godwin Emefiele as the governor of the central bank, provided a glimpse. Suspension of the head of Nigeria’s most powerful agency not only triggered …
Nigeria’s stock market jumped on Tuesday to its highest level since July 2008 as investors interpreted the suspension of Godwin Emefiele as CBN governor as the end of unorthodox monetary policies that have spooked foreign investments. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities Market Capitalisation increased by 3.99 percent or N1.22 trillion …
eNaira, the Central Bank Digital Currency (CBDC), promoted by Godwin Emefiele, the suspended governor of Nigeria’s central bank, faces an uncertain future. According to sources close to the market, the eNaira project is unlikely to be continued – at least with the same fervour as Emefiele – by the new governor of the CBN given …
Naira on Tuesday gained 0.66 percent against the dollar at the parallel market following low demand as speculators adopt a wait-and-see approach, after the suspension of the governor of the Central Bank of Nigeria (CBN). After trading on Tuesday, the dollar was quoted at N755 compared to N760 quoted during the morning trading and last …
Exchange rate, price stability, interest rate, and economic growth, top priorities as the financial market and the public await the appointment of the next governor of the Central Bank of Nigeria (CBN). President Bola Tinubu, on Friday, suspended Godwin Emefiele as governor of the CBN in what is expected to usher in reforms in the …
Linda Yaccarino, head of advertising at NBCUniversal, a US-based multinational mass media and entertainment corporation, has resumed office as the new CEO of Twitter. This was confirmed in a memo sent by the CEO to Twitter employees on Monday, where she stated her mission to turn Twitter into the world’s most accurate real-time source of …
ThriveAgric, an agricultural technology company announced that it has disbursed as much as $100 million in loans to empower over 500,000 smallholder farmers in more than 2900 communities to scale food production in Africa. This is contained in its recently released 2022 Impact Report reiterating the company’s mission to build the largest network of profitable …