Since 2006, the MTN Foundation, in partnership with MUSON, has funded and developed over 350 music scholars Nigerians have an opportunity to upgrade the healthcare, educational, and electricity facilities in 40 communities that they nominate in phase five of the ‘What Can We Do Together’ initiative under the MTN Give-back Give-back initiative. According to the …
Jumia, an Africa-focused ecommerce company has announced the appointment of Lere Awokoya as the Chief Marketing Officer, to develop and implement marketing strategies that drive growth and customer engagement for the company. Prior to his appointment, Awokoya was the Head of Brand for Jumia where he was responsible for the company’s brand strategy and execution. …
Sam Altman, chief executive of OpenAI, in March, announced his cross-country trip in May/June to talk to OpenAI users, developers, and policymakers in various cities. In a Tweet, he invited interested persons to come out and share their various thoughts, feature request, and feedback on Open AI. He added that he will be visiting Toronto, …
Naira on Monday strengthened across foreign exchange market segments as demand for dollars by the end users moderated. At the parallel market, popularly called black market, naira appreciated by 0.26 percent as the dollar traded at the rate of N758 on Monday as against N760/$ on Friday. In April, the naira gained 0.67 percent to …
Ahead of the release of the Gross Domestic Product (GDP) on Wednesday, by the National Bureau of Statistics (NBS), some members of the Monetary Policy Committee (MPC) have highlighted leading indicators of a possible decline in GDP and employment growth in the first quarter (Q1) of 2023. GDP refers to the total market value of …
The Financial Derivatives Company (FDC) predicts that Nigeria’s GDP will decline to 1.2 percent in the first three months of 2023 compared to 3.52 percent in Q4 2022. The financial institution said in its monthly economic update published May 19 that the forecasted decline in Nigeria’s Q1 GDP will largely be tied to the effect …
Nigeria’s banking sector assets rose by 25.34 percent (N9.98 trillion) between the end of February 2022 and 2023, driven largely by balances with the Central Bank of Nigeria (CBN)/banks, FGN bonds, Treasury Bills and credit, according to members of the Monetary Policy Committee (MPC) in their personal statement at the last meeting in March, 2023. …
“Whoever wins this election, loses.” Those were the words a foreign diplomat who has lived in Nigeria for 20 years used in depicting the arduous task ahead of Nigeria’s next leader and it is the reason many believe President-elect Bola Tinubu must hit the ground running from day one. Tinubu, whose victory is still being …
A curious tale is unfolding in Nigeria’s fintech scene. It all began on an eventful Friday, April 28, 2023, when Payday, a well-known startup offering virtual card services, sent out an email to its users. The message carried a mix of reassurance and caution, informing customers of upcoming changes to their card services. While promising …
There has been a new discovery in Zimbabwe. A discovery that could become of great economic significance to the country if all goes well. Invictus Energy, an A-listed company from Australia has recently confirmed the presence of light oil, gas condensate, and helium at its Cabora Bassa project in Zimbabwe. The company has provided assurances that helium …