The Federation Account Allocation Committee (FAAC) held its meeting in December 2024, chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun.
The Securities and Exchange Commission has ordered all publicly listed companies to publish their financial statements on their official websites from January 2025.
This holiday season just got a whole lot more exciting! PalmPay, one of Africa’s leading fintech platforms, operates Nigeria’s most used mobile wallet and has teamed up with Jumia, the continent’s e-commerce giant, to launch a festive…
Last month, The American Business Council, brought together cybersecurity experts, tech leaders, and industry professionals for a cybersecurity conference themed “Digital Transformation and Cybersecurity in Africa: Enhancing Information…
In a significant development for individuals looking to acquire new automobiles this season, Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has partnered with CIG Motors, the powerhouse behind popular automobile brand, GAC…
There’s been an interesting conversation going round that since businesses could sell on social media platforms and customers are buying without fear of been duped or not getting what they ordered, why does a business still need a website?…
The N47.9 trillion 2025 budget presented by President Bola Ahmed Tinubu scaled second reading at the National Assembly on Thursday even as lawmakers adjourned sitting till January 14, 2025, for Christmas and New Year celebrations. The…
Highlights: The figures show that: – At $76.6bn invested to date* Enterprise Software is the industry on course to see the most investment in 2024. With a total of 2,753 investment rounds, it’s also the sector to have seen the second…
The Nigerian Electricity Regulatory Commission (NERC) says it has transferred regulatory oversight of the electricity market in Lagos State to the newly established Lagos State Electricity Regulatory Commission (LASERC).
Highlights: Mukuru to drive adoption of digital financial solutions with support of its extensive booth and agent network DTMFI license to amplify Reserve Bank of Zimbabwe’s Financial Inclusion Strategy Cost reduction benefits to be felt…
U.S. Commercial Service Nigeria, led by Julie LeBlanc, the Commercial Counselor and Blake Murray, the Commercial Attaché, hosted over 450 Nigerian companies for the Networking with the USA (NUSA) Awards and Business Networking Event at the…
Financial Institutions Training Centre (FITC) has reported a concerning rise in fraudulent activities among Nigerian banks, with incidents of fraud in their branches increasing by 31 percent in the second quarter of 2024. Th alarming…
Equinix, Inc. (Nasdaq: EQIX), the world’s digital infrastructure company, has supported a growth in traffic of around 200%, increasing around 30Gbps to almost 100Gbps in just over a year since the implementation of its strategic…
Data from the Nigerian Electricity Regulatory Commission, NERC, indicates that the Federal Government's electricity subsidies rose to N199.64 billion in December 2024.
9mobile has issued a statement regarding the recent service outages experienced by the subscribers, Techeconomy can report. The management of the telecommunications company led by Obafemi Banigbe, the CEO, in a statement available to…
President Bola Tinubu has estimated that the 2025 budget will lead to a decline in inflation from the current rate of 34.6% to 15% next year. He made this statement during his presentation of the N47.9 trillion budget proposal to a joint…
The DPA found that Netflix’s privacy statement during the period in question did not clearly explain how customer data was being handled, why it was being collected, and who it was being shared with
Rack Centre, West Africa’s leading Carrier and Cloud neutral data centre, has announced the appointment of Harold Bedu-Mensah as Chief Financial Officer. The appointment of Bedu-Mensah becomes effective Monday, December 16, 2024. The…
Godman Akinlabi, author, leadership coach, international speaker, and renowned global lead pastor of The Elevation Church, officially launched the Godman Akinlabi Enterprise Development Fund on Saturday, 14th December 2024, during his 50th…
Honda Cars and Nissan Motor are reportedly exploring a potential merger to strengthen their competitiveness against electric vehicle (EV) manufacturers, especially in China. Sources suggest that this collaboration could enhance their…
Check Point Software Technologies Ltd., a global leader of cyber security solutions, has announced the transition of founder Gil Shwed into the role of Executive Chairman of the Board of Directors, and the appointment of Nadav Zafrir as…
In a significant step toward enhancing energy efficiency and air quality in commercial spaces, LG Electronics, a global pioneer in household and commercial electronics, unveiled its latest advancements in HVAC technology at the Annual LG…
You’ve heard of virtual dollar cards, right? Maybe you’ve even thought about getting one but aren’t sure if it’s worth it. The thing is, Naira cards simply don’t work for international transactions. If you’ve ever tried paying for…
A new bill aimed at banning the use of foreign currencies, including the US Dollar and British Pound Sterling, for domestic transactions in Nigeria has passed its first reading in the Senate.
Nigerian Breweries Plc has announced the successful completion of its Rights Issue, receiving clearance from the Securities and Exchange Commission (SEC) for the allotment of 20,706,894,542 ordinary shares of 50 Kobo each at N26.50 per…
Chris Lu, the chief executive officer, Huawei Nigeria, has expressed commitment to grow and build more infrastructure in order to support the boosting and development of the digital economy of Nigeria. Lu made this known during the launch…
While Meta quickly resolved the issue, the DPC’s investigation found gaps in how the company documented and responded to the breach under the EU’s General Data Protection Regulation (GDPR)