More women secured seats at the boardroom tables of Nigeria’s most valuable companies last year, showing progress towards gender diversity at the workplace, a new report shows. The share of women on boards surged to an all-time high in 2022, according to the report by Agusto Consulting, a subsidiary of Agusto & Co, a pan-African …
In the past couple of years, young Nigerians have gained significant recognition on the global stage through their impact on various aspects of the global economy. Nigerian youths- home and abroad- have made significant contributions to science and technology, politics, media, literature, arts, entertainment, sports, etc. There are the likes of Chimamanda Ngozi Adichie, Tobi …
Gricd, a technology company that develops Internet of Things-powered solutions to support the last-mile delivery of perishable goods, has secured $1.5 million in a seed funding round led by Atlantica Ventures, with participation from Vested World, Jaza Rift and Katapult, to expand across Africa and deliver new solutions that will make it easier to insure …
FCMB Group Plc has announced its financial results for the first quarter of 2023, demonstrating the continued success of its digital banking initiatives across various business segments. Digital banking initiatives have gained significant traction within FCMB Group, contributing to its overall performance. In the first quarter, digital revenues accounted for 12.0% of gross earnings, equivalent to N10.0 …
M-KOPA, a leading fintech platform, announced it successfully closed over $250m in new debt and equity funding to expand its financial services offering to underbanked consumers across Sub-Saharan Africa. This marks one of the largest combined debt and equity raises in the African tech sector, enabling M-KOPA to continue its rapid growth. Over $200m in …
The Africa’s Business Heroes (ABH) Prize Competition, a philanthropic initiative sponsored by the Jack Ma Foundation and Alibaba Philanthropy, has extended its deadline for entries to May 17, 2023. This extension has been made in response to the strong level of interest from entrepreneurs across the continent. ABH aims to identify, support and inspire the …
The Federal Government of Nigeria allegedly seeks to Award revenue collection to SICPA, a global provider of security inks and secured identification company, which has been convicted and fined CHF 81 million ($90 million) for organisational deficiencies by the Swiss Office Of The Attorney General (OAG), as the OAG finally concluded its investigation and produced …
Nigeria’s currency has depreciated by 57.45 percent against the dollar on the official foreign exchange market in the eight-year tenure of President Muhammadu Buhari. Buhari, who will leave office in less than two weeks, had in 2015 promised that his administration would help stabilise the naira. At the Central Bank of Nigeria’s (CBN) official window, …
From approving multibillion-naira contracts to signing deals, there are a series of last-minute economic decisions by Nigeria’s outgoing president, Muhammadu Buhari, that are expected to turn out to be a quagmire for his successor, Bola Tinubu. The administration of Buhari, who will hand over on May 29, has taken several major decisions in recent weeks. …
The streets of South Africa have been pulsing with the sound of Amapiano for years, despite the dance challenges that are currently taking TikTok by storm. Amapiano is a distinctive and fascinating musical style that developed in South Africa’s townships. It fuses traditional African music with contemporary electronic beats. Amapiano can be compared to the …