BudgIT, a civic-tech organisation promoting transparency, accountability, and effective service delivery in Nigeria, has observed certain legacy issues with the 2025 Federal Government Proposed Budget and calls on the National Assembly to proactively address the irregularities, exercise its “Powers of the Purse” responsibly, allow robust public participation in the budget […]
Category: Tech News
Tech News
Airtel Africa CFO To Retire In July 2025
Airtel Africa Plc has announced that its Chief Financial Officer (CFO), Jaideep Paul, will retire following the company’s Annual General Meeting (AGM) scheduled for July 2025. The announcement was made in a statement issued by the company and submitted to the Nigerian Exchange Limited (NGX). Paul, 63, will transition […]
Fiducia, Mynd partner to enhance supply chain financing in Africa
Fiducia, a Nigerian digital supply chain financing platform, says it has partnered with Mynd Fintech, a subsidiary of M1xchange, to enhance supply chain financing in Africa and the Caribbean. Chukwuka Amadife, the Chief Operations Officer of Fiducia, said this in a statement on Thursday in Lagos. He said that the […]
SEC Warns Nigerian Public To Stay Clear of Marino FX Limited
The Securities and Exchange Commission has warned the public not to transact any business with Marino FX Limited as the company is not registered by the Commission operate in any capacity in the capital market in Nigeria. This was contained in a notice by the SEC in Abuja Wednesday. […]
MTN Nigeria Raises N75.18bn VIA Commercial Paper Issuance
MTN Nigeria Communications PLC (MTN Nigeria) has raised N75.18bn through its Series 11 and 12 Commercial Paper (CP) issuance, significantly exceeding its initial target of N50bn. This was contained in the company’s notice to the Nigerian Exchange Limited seen by Business Nexus. The issuance, conducted under the company’s […]
Access Bank Partners SaltinGTein To Unveil Winbundle Airtime2Win
Access Bank has collaborated with SaltinGTein to introduce the Winbundle Airtime2Win feature on its digital platform, allowing customers to participate in a raffle when purchasing airtime. Through Winbundle Airtime2Win, customers purchasing airtime via *901# will receive 70 per cent of the airtime value, while the remaining 30 per cent […]
GM To Reassure Investors On EV Demand, Project Profit Growth By 2025
General Motors (GM) will reassure investors during its upcoming investor day that concerns over slowing demand for electric vehicles (EVs) are overstated, and the U.S. automaker remains optimistic about the potential for improved profitability by 2025, according to sources familiar with the company’s plans. This message marks a notable […]
Glovo Nigeria Pioneers a New Era of Choice and Convenience with Port Harcourt Launch …strengthening Its Position as Nigeria’s Largest Online Marketplace
Port Harcourt, Nigeria. 19 September 2024 – Glovo, Nigeria’s pioneering multi-category platform, is proud to announce its much-anticipated expansion into Port Harcourt, marking a key milestone in its mission to become the largest online marketplace in Nigeria. With its innovative services and commitment to operational excellence, Glovo is set to […]
SEC Grants Two Digital Exchanges ‘Approval-in-Principle’
The Securities and Exchange Commission has granted two Digital Assets Exchanges “Approval-in-Principle” to commence operation under the Accelerated Regulatory Incubation Program, ARIP. The companies granted approval are Busha Digital Limited, Quidax Technologies Limited. Disclosing this in a statement in Abuja Thursday, the Commission said the cohort comprises of two Digital Asset Exchanges, four Digital asset Offering Platforms and […]
United Capital Launches New Subsidiary, UCEE Microfinance Bank …..Appoints Esther Adeola-Balogun As Managing Director/CEO
United Capital Group, a Pan-African investment management and financial services group has announced the official launch of its newest subsidiary, UCEE Microfinance Bank, at a ceremony held at the Bank House in Marina, Lagos. The event was attended by the Chairman of Heirs Holdings Group, Tony O. Elumelu, alongside other […]