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Tuesday, Jul 2

23

FG Waives Withholding Tax for Farmers, Manufacturers, Small Businesses

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Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has announced that the Federal Government has waived withholding tax for farmers, small businesses, and manufacturers. Oyedele disclosed this in a…

22

Binance: Tigran Gambaryan’s Health Deteriorates in Prison as Authorities Refuse to Release Medical Records

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Today, at the federal High Court in Abuja, the cross-examination of a witness from the Nigerian SEC – the first witness presented by the EFCC in the ongoing trial of Binance and their employee Tigran Gambaryan – was completed. Tigran’s…

20

Up to $300k Grants Available for Internet Society Foundation 2024 BOLT Programme

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…aims to develop solutions for areas where current Internet technologies are not readily available

19

Jumia Levels Up Customer Experience Across Africa with Sprinklr Partnership

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This enables Jumia to provide seamless support regardless of the customer's preferred communication channel

18

Gov Mbah Receives Presidential Award for MSMEs Development

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Governor of Enugu State, Dr. Peter Mbah, has been conferred with a National Micro, Small and Medium Enterprises, MSMEs, Award by the Office of the Vice President on the World MSME Day for his outstanding contributions to the MSME sub…

Google, C.I.I.F.A. Launch Second Cohort of Engage Nigeria Programme for Creatives

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The Creative Industries Initiative for Africa (C.I.I.F.A.), in collaboration with Google, has launched the second cohort of the Engage Nigeria programme, a transformative initiative aimed at equipping 8,000 youth with creative industry…

17

CBN, FintechNGR Chart the Way Forward to Enhance Nigeria’s Fintech Ecosystem

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In light of recent developments aimed at strengthening Nigeria’s fintech sector, Ade Bajomo, president of the Fintech Association of Nigeria, led a team from the Association’s Governing Council in an engagement with the Central Bank of…

16

Stanbic IBTC Tops Performing Banks in Capital Importation for Q1 2024 – NBS

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The banking sector is playing a big role in attracting foreign investments, with the sector receiving the highest capital inflow, as revealed by the National Bureau of Statistics (NBS) report.

15

With Alebiosu, FirstBank Transitions to Growth Consolidation Era

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FirstBank’s 130 years of gripping history is a corporate handbook in many ways. Its fortunes are as great a lesson as its challenges. Its leadership and choice of leaders are fascinating chapters of the book it has become, validating the…

14

Lagos Leads as Investment Destination in Nigeria’s Q1 Capital Importation Report, Up 198% – NBS

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The National Bureau of Statistics (NBS) recently released its report on Nigeria’s capital importation for the first quarter of 2024, highlighting a surge in foreign investments.

12

AI at Work in Nigeria: Friend and Foe?

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Quick look New Study from BCG Reveals 98% of respondents using GenAI for work in Nigeria agree GenAI has saved them time. Locally, 92% believe AI and GenAI will transform their job in the next 10 years. Employees’ confidence in AI and…

NDSF@15: Ekuwem, Odusote, Nwannenna, Adebayo, Uzor, others Honoured

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Dr. Emmanuel Ekuwem, the immediate past Secretary to the Government of Akwa-Ibom State, alongside the chairperson, Board of Trustees of the Nigeria Internet Registration Association (NIRA), Mrs Ibukun Odusote, Managing Director, Condata…

11

The Fall of SBF is a Lesson Crypto Needs | by Ray Youssef

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When Sam Bankman-Fried was sentenced to 25 years in prison, the crypto world took notice, but I wonder how many people really thought about where he went wrong. : Sure, he was convicted of fraud and conspiracy, but high-profile people from…

Lyvely Secures License as Region’s First SocialFi Platform for Creator Monetization

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…from RAK DAO, the world's first and only Free Zone with Common Law features established to support digital assets companies

10

True Financial Inclusion Calls for Smaller Markets to Receive Equal Attention to Larger Ones

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The potential for mobile money and digital payments to drive financial inclusion is immense. We can see this potential being unlocked on the African continent as it accounts for 70% of the world’s $1 trillion mobile money value and…

Echoes of Influence: Book by Mimi Kalinda, Unveiled

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After nearly three decades on the global stage of strategic communication and personal transformation, Mimi Kalinda, founder and CEO of Africa Communications Group (ACG), unveils her second book, “Echoes of Influence.” This pivotal guide…

What You Should Know about Ecobank Nigeria ‘Millionaire Geng Promo’

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Ecobank Nigeria, a subsidiary of the Ecobank Group, has unveiled a deposit mobilisation campaign ‘Ecobank Super Rewards ‘Millionaire Geng Promo’ targeted at rewarding customers’ loyalty. The six-month campaign, which is set to run between…

04

Nigeria’s Capital Importation Rises to $3.37 Billion in Q1 2024

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Nigeria saw a significant increase in total capital importation, which rose by 210.16% in the first quarter of 2024, reaching $3.37 billion compared to $1.08 billion in the previous quarter of 2023. The National Bureau of Statistics (NBS)…

Access Holdings Plc Holds Board Meeting July 30, 2024

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Access Holdings Plc. has announced that its Board of Directors will meet on July 30, 2024, to review and approve the Group’s Audited Financial Statements for the half-year ending June 30, 2024. At the same time, the Group may also discuss…

03

Why FG Terminates Road Contracts Awarded to Mothercat, Dantata, RCC

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The Federal Government of Nigeria has terminated its contracts with Mothercat, RCC, and Dantata & Sawoe due to non-performance on the dualisation of the Obajana-Benin road project sections two, three, and four. The Minister of Works, David…

Monday, Jul 1

19

Fraud Allegations: Ex Globus Bank IT Staff Babatunde Olayiwola Vows to Fight Back with Evidence

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Idris Babatunde Olayiwola, a former Information Technology (IT) officer at Globus Bank, has stated why he quit his job, saying the fraud allegations leveled against him by the bank are “baseless and untrue”. According to Olayiwola in a…

FG Clamps Down on Private Jet

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The Federal Government through the Nigeria Customs Service has grounded a United States-registered Gulfstream G650ER jet belonging to a leading Nigerian bank, signaling the commencement of government clampdowns on private jet owners over…

18

SEC to Impose N1m Penalty on Issuing Houses Over Bank Re-capitalization Rule Violations

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The Securities and Exchange Commission has threatened to impose an N1m penalty on banks if they fail to submit complete capital raise applications, this is to ensure compliance with banking sector recapitalisation guidelines, According to…

Increasing Security with VerifyNG: Revolutionizing Facial Recognition in Nigeria

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Quantum Space Dynamics Inc., a leader in AI and biometric, Machine Learning, and Big Data solutions, is making significant strides in enhancing security and user experiences in Nigeria. Their pioneering product, VerifyNG, is a cutting-edge…

Nourishing the Future: How Nestlé is Providing Affordable Nutrition in Central and West Africa

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Malnutrition and food insecurity are significant challenges for many communities in Africa, and we need innovative solutions to address this pressing issue. The nutritional situation in various regions of the African continent is complex.…

Consumers Value Awards 2024: Celebrating Excellence with Over 8,000 Votes Cast

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BrandXchange has announced the upcoming 3rd edition of the Consumers Value Awards, set to take place on 12th September 2024 at the prestigious Ijakadi Hall of the Radisson Blu Hotel. The event, which commences at 5:00 PM, will honor brands…

17

Meta Introduces Monetization Features for Nigerian and Ghanaian Creators

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Creators to generate revenue from their videos and reels on Facebook, reaching global audiences in over 30 languages

16

Egbin Power’s Bright Gyimah Centre for Innovation Commissioned to Ignite Creativity

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In a move that underscores its commitment to advancing education, Egbin Power, Nigeria’s leading power generation company, has commissioned an innovation centre designed to equip students with entrepreneurial, practical, and creative…

Nick Imuda: Characterisation of Death as Suicide is Premature – Family

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The family of Nick Imudia has expressed displeasure, especially over what they described as ‘wrong characterization of Nick Imudia’s death as suicide’. The family said their position is also supported by the Lagos State Commissioner of…

15

Africa: Smartphone Market Surpasses Feature Phones for the First Time in Q1 2024

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Africa’s smartphone market showed remarkable resilience in the face of macroeconomic challenges and forex issues in Q1 2024, with shipments increasing 17.9% year on year (YoY) to reach 20.2 million units. That’s according to the latest…