Last week, President Muhammadu Buhari assented to 16 constitution alteration bills. The signed bills include devolving more power to Nigerian states, empowering them to take charge of their growth and granting them autonomy in major areas like electricity, railways, and the judiciary. Since Nigeria transitioned into a democratic government, there have been efforts to move these items …
Every society is broken into three main class structures- the upper, middle and lower classes- and Africa is no exception. This class stratification produces a clear distinction among people across the various classes, quantitatively and qualitatively. In a typical African upper-class society, the pattern and choice of lifestyle are sharply in contrast to those of …
Personal loans can be a great solution for those who need extra cash to cover unexpected expenses or to make important purchases. However, with so many options available, it can be challenging to find the best deal. This is where a personal loan comparator in South Africa comes in handy. A personal loan comparator is …
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 …