As part of efforts to improve the production capacity of rice nationwide and enhance food security, the Federal Government launched a scheme to train farmers in the rice value chain on improved techniques from farm to market.
NQR Code is an indigenous Payment Platform designed by the Nigeria Interbank Settlement Scheme (NIBSS), to provide a reliable and enhanced payment experience with the aim of lowering transaction costs for customers.
The Department of Petroleum Resources (DPR) has inaugurated a team of experts to evaluate the revoked four oil mining licenses from Addax Petroleum Exploration Nigeria Limited to a new operator – Kaztech/Slavic Consortium.
Nigeria’s NOVA Merchant Bank Limited has released its audited results for the financial year ended December 31st 2020, recording impressive growth across its major financial lines.
Audiomack partners with MTN Nigeria to offer music streaming service to subscribers at zero data cost
Audiomack has partnered with MTN Nigeria to unveil the Audiomack+MTN Data Bundle program , which offers MTN subscribers tailored data bundles for streaming unlimited music and accessing content on Audiomack free of data charges.
TGI Distri, a manufacturer of quality home care products in Nigeria, has launched into the market Kleansol Toilet Cleaner which contains power active ingredients with 99.9% efficacy in killing all forms of bacteria in and around the toilet area.
The newly appointed directors will collaborate with the current board members to drive the mandate on Nigeria’s foremost think tank and policy advocacy group in the national interest.
Mobile users in Nigeria have been impacted by mobile malware during the COVID-19 pandemic. This is according to a new report by mobile technology specialist, Upstream and its full-stack anti-fraud platform, Secure-D
In South Africa and Nigeria, FIS is offering domestic payment processing services through its previously announced agreement with payments technology company Flutterwave.
The funds are the FBN Balanced Fund, FBN Smart Beta Equity Fund, FBN Eurobond Fund, FBN Bond Fund and the FBN Money Market Fund.
[Nigeria] P2P Crypto Marketplace Bitzlato Partners with Lemonade Finance to Ease Money Transfers Across Africa
Bitzlato (BZ), the latest P2P Crypto Exchange to enter the African market, has added Lemonade Finance, a borderless payment platform for Africa as a payment method to its platform.
With a national annual import of over $337million, the management of Dangote Sugar Refinery Plc has declared its irrevocable commitment to the Backward Integration Policy (BIP) of the Federal Government to reverse the trend.
Nigerian fintech platform and Open Finance (API Economy) pioneers, Okra, have secured a $3.5m Seed raise.
ADM, OES and 4Mation plan to explore opportunities to develop Barracuda Field in OML 141 and associated work-related activity in Nigeria.
Nigeria's Access Bank, Atlas Mara and ABC Holdings (ABCH), have entered into a definitive agreement regarding a proposed acquisition of 78.15% of the issued share capital of African Banking Corporation of Botswana, by Access Bank.
When completed the Assa North Gas project will produce 600 million standard cubic feet of gas per day from its upstream facilities.
NGX Regulation Limited (NGX RegCo), the independent regulatory arm of Nigerian Exchange Group, has published its supervision priorities for 2021.
After the release of its plugins for Shopify and Magento, Kwik Delivery has released its plugin for Prestashop.
GCR Ratings (GCR) has upgraded the national scale long term and short term Issuer ratings of Nigerian Breweries (NB), to AA+(NG) and A1+(NG), respectively, from AA(NG) and A1+(NG), with the Outlook accorded as Stable.
The partnership, the first of its kind in Africa, will enable merchants to accurately identify legitimate buyers from fraudsters, resulting in increased transaction approvals and reduced friction in the purchasing experience.
This will enable service providers to gain the ability in their environments to govern, manage and orchestrate hybrid networks holistically and in real time and as a result, offer an enhanced consume experience.
The simulator allows pilots to train in complete safety for a variety of complex situations (adverse weather conditions, helicopter failures and emergencies), that could occur in the during actual flight operations.
Oduwa Coin, the first indigenous Cryptocurrency designed to empower people of African descent has announced the launch of its latest blockchain optimization called IVIE.
In launching the Challenge, USAID seeks commercially viable youth-led and mid-stage companies already working in food production, processing, and distribution.
Agence Française de Développement (AFD) in its shared Innovation series highlights seven innovative programs created or developed by African countries to combat covid-19.
The Department of Petroleum Resources (DPR) has concluded plans to inaugurate the Advisory Council and Body of Neutrals of the oil and gas industry’s Alternative Dispute Resolution Centre (ADRC) in Lagos.
Appzone, the Pan-African fintech software provider building proprietary solutions for the continent’s banking and payments industries, has today announced the close of its $10mn Series A round.
Combined, the seven countries are an economic bloc of $1.2 trillion in GDP. The population base of the seven nations is close to 480 million, 80% of whom are under 35 years of age.
ADM Energy, a natural resources investing company, announced it has entered into a non-binding collaboration agreement ("CA") with Eunisell, the Nigerian owned oil and gas production solutions company.
Appzone, the Pan-African fintech software provider building proprietary solutions for the continent’s banking and payments industries, has today announced the close of its $10mn Series A round.
Skyworld Aviation has announced the sale of an ERJ 145 LR aircraft, serial number 14500842 to a new private operator of the type – XE Jet.
Solar home systems social enterprise startup Baobab+ has raised €4 million in financing for the expansion of its activities in Côte d’Ivoire and Senegal.
The aim of the agreement is to ensure the plants’ continued high levels of availability, reliability and efficiency, while providing important cost predictability for future budgeting purposes.
MTN has released a statement on the negotiations that derailed the suspension and restoration of digital banking services earlier this month.
L'entrepreneur Britanique-Ghanéen, Stephan Eyeson, est actuellement PDG et fondateur de la société panafricaine de collecte de renseignements sur les consommateurs, Survey54.
The fertilizer company which has commenced operations has the capacity to meet and exceed the domestic demand for fertilizer across the country.
While South Africa is home to the largest concentration of data centers on the African continent, the appeal of West Africa seems to be growing, with new developments planned for both Senegal and Nigeria.
[Africa Tech Review] Duncan Mochama: Africans are increasingly using eCommerce in response to COVID-19 restrictions
Ten countries are responsible for 94% of all online business in Africa. South Africa, Egypt, Nigeria, Algeria, and Kenya together account for 78% of total marketplace traffic.
Nigeria's Department of Petroleum Resources (DPR) has revoked four Oil Mining Licenses (OML) belonging to Addax Petroleum due to the non-development of the assets by the petroleum company.
Binance Charity announces $1 million crypto donation to UNICEF to help in global COVID-19 vaccine rollout
Binance Charity has announced the world’s first crypto donation to UNICEF’s role in the global COVID-19 vaccine rollout—the largest vaccine procurement and supply operation ever undertaken.
Aliko Dangote Foundation (ADF), has invested in 16,000 women in all the 16 local governments area of Nigeria’s Kwara State. Each of the 16 thousand rural women were given the sum of N10,000 each, to help boost their petty trade and also start new businesses.
The state-owned Asset Management Corporation of Nigeria (AMCON) intends to retain Arik Air alongside its new start-up NG Eagle, at least until the end of 2021.
Ivorian based in Ghana, Charlette N’Guessan is a tech entrepreneur who collaborates with various organizations that strongly advocate for gender balance in the tech ecosystem.
Africa Data Centres, Africa’s largest network of interconnected, carrier- and cloud-neutral data centre facilities, has confirmed a significant investment into the construction of a new data centre facility in Lagos, Nigeria.
Online payment processing platform SeerBit has announced it is partnering with Wix, a global SaaS platform to create, manage and grow an online presence, to empower and scale eCommerce businesses in Africa.
Network International, an enabler of digital commerce across the Middle East and Africa (MEA), has appointed Egyptian national Hany Fekry as the Regional President for Northern and sub-Saharan Africa.
The upturn in the price of the international oil benchmark, Brent crude, has pushed Nigeria’s oil revenue above the estimate in the 2021 budget.
Bennington College recently announced its newest trustee, Odili Donald Odita, born in Enugu, Nigeria and now living and working in Philadelphia.
Known as Konn3ct, the new App was developed by a young company, called Newwaves Ecosystems, led by former Chams Nigeria executive, Femi Williams.
Connecting women to the digital economy is critical to driving further economic growth and innovation on the African continent.
Microsoft launches second edition of Game of Learners program for university students in Kenya and Nigeria
Microsoft has announced the kick-off of Season 2 of the Game of Learners (GOL) program, an initiative aimed at enhancing digital and coding skills amongst university students in Kenya and Nigeria.
Smile Telecoms Holdings Ltd., a Pan-African telecommunications group with operations in Nigeria, Uganda, Tanzania, and the Democratic Republic of the Congo, has announced that its RP (Restructuring Plan) has been approved and agreed with the lenders.
The Mastercard Foundation and logistics market leader DHL, have partnered to roll out the most comprehensive, pan-African e-Commerce platform, Ananse Africa, to support creative entrepreneurs like fashion designers and artists.
Nigeria’s Access Bank has announced that it has received the approvals of the South African and Nigerian regulatory authorities to its proposed acquisition of the South African-based Grobank Limited.
Nestlé, IDH the Sustainable Trade Initiative, and TechnoServe have announced the launch of the Developing Inclusive Grain Value Chains project.
Launched in 2014, Girls4Tech offers activities and a curriculum built on global science and math standards.
Curacel, an AI-powered platform for claims processing and fraud management in Africa, raised a $450,000 pre-seed funding in a round led by Atlantica Ventures and Consonance with participation from Kepple Ventures and other African angel investors.
British-Ghanaian entrepreneur, Stephan Eyeson, is current CEO and Founder of pan-African consumer intelligence gathering firm, Survey54.
Making the announcement, the two organisations said the new Aret Adams Chair Professor came tops in a keenly contested selection process.
Lagos-based fintech company Xerde has announced the rollout of it’s new application, Tudo, an innovative funding solution for businesses.
Morocco’s intensified efforts towards African solidarity and south-south cooperation continue to show results, with the creation of the Nigeria-Morocco Business Council being the latest of encouraging developments.
African nations have been urged to adopt digital solutions towards achieving economic recovery from the impacts of the Coronavirus Disease pandemic.
Afreximbank, NEXIM collaborate to provide project preparation facilities in support of Nigeria’s exports
The Afreximbank and Nigeria Export-Import Bank (NEXIM) have entered into a Memorandum of Understanding (MoU) to establish a Joint Project Preparation Fund that will provide early project preparation financing and technical support services.
In a bid to promote diaspora remittances into the country, Access Bank Plc, Nigeria’s financial institution will be rewarding customers with N5 on every $1 received from their loved ones or associates abroad through foreign remittances.
Total Nigeria PLC (TNPLC) has highlighted how its Truck Drivers’ Initiative is improving road safety in Nigeria with continuous training and audits.
MTN Nigeria has launched a new unified customer engagement platform, EnGauge, designed to enable small-to-medium enterprise business owners to seamlessly administer transactions with customers, potentially increasing their productivity significantly.
At least a quarter of users in Nigeria, South Africa and Kenya are attacked by malware hiding within their devices, report
When looking at corporate users in these regions, the numbers are similar: 23% of corporate users in South Africa, 29% in Kenya and 35% in Nigeria encountered such local threats within 2020.
ADM Energy PLC , a natural resources investing company, has conditionally agreed to invest in the development of the Barracuda oil field in OML 141, an existing discovery and near-term production asset in swamp/shallow waters offshore Nigeria.
Berlin-based off-grid solar firm SolarWorX has raised a seven-digit series A funding round from Canadian Solar Inc. to expand its product portfolio and sales activities.
Nigerian last-mile delivery startup Kwik Delivery has announced that it has closed its pre-Series A financing round. The company successfully raised $ 1.7 million in equity from institutional and high net worth investors.
Mastercard Foundation, partners join forces to train young agripreneurs, provide grants to Nigerian MSMEs
The Mastercard Foundation has partnered with Nourishing Africa and U.S. African Development Foundation (USADF) to train 2,0000 young agripreneurs and provide small grants to 125 MSMEs in Nigeria.
Nigeria and the Global Fund to Fight AIDS, Tuberculosis and Malaria have launched three new grants to strengthen the fight against HIV, TB and malaria and build resilient and sustainable systems for health.
The Department of Petroleum Resources (DPR) has identified six key areas of operational excellence for Nigeria’s oil and gas industry, urging stakeholders to build a culture in these specific areas.
Africa has been described as the fastest-growing continents in the world. This growth, according to an article published on Forbes has been fueled by a young rapidly urbanizing population.
The internship program is targeting female graduates especially in the technology space with an aim to fill the gender disparity gap within The Nigerian Tech ecosystem especially the Fintech space.
In relation to the Nigeria-OPL 245 trial, Eni has welcomed the judgment of full acquittal of all charges, since there was no case, by the Court of Milan.
Flourish Ventures, a global fintech venture capital firm, has announced a new office based in Nairobi to support fintech startups across Africa.
The Board of Continental Reinsurance Plc has announced Mr Lawrence Mutsunge Nazare’s appointment as the Group Managing Director of the Company, effective April 1, 2021.
Telecom operators in Nigeria have been asked to suspend their planned withdrawal of banks' USSD services. The operators had decided to suspend USSD services over a N42 billion debt owed by banks
First gas has been delivered through this pipeline to Rite Foods Limited, the manufacturer of Bigi Drinks, Rite and Bigi Sausages, and Fearless Energy Drinks.
Nigeria’s payment tech company Flutterwave, has announced a new collaboration with global payment company PayPal to enable PayPal customers globally to pay African merchants in the continent through Flutterwave’s platform.
The Nigerian Stock Exchange (NSE) has received final approvals of its demutualisation plan from the Securities and Exchange Commission (SEC) and Corporate Affairs Commission (CAC) respectively.
After a successful tenure as 1st vice chairman of West Africa Telecommunications Regulators Assembly (WATRA), Nigeria has, unanimously and by consensus, emerged as Chairman of WATRA for 2021.
The Management of Dangote Oil Refinery is preparing young Nigerian graduates to take over the management of its 650,000 barrels per day single train refinery when it becomes operational in 2022.
In a bid to boost e-commerce among the micro and small enterprises in Africa, Mastercard Foundation in partnership with Catalyst Fund, MEST and BFA Global have created Catalyst Fund Inclusive Digital Commerce program.
Epos Now, a global software and payments technology company, has launched its cloud point of sale (POS) solution in Nigeria, making its first entry into the African market.
Kwik Delivery announces today that it officially made available its breakthrough, just-in time delivery service to businesses, government agencies and merchants in Abuja.
Newly inaugurated President of the Nigeria Gas Association (NGA), Ed Ubong, has said there are abundant gas resources in Nigeria to meet the energy demand of over 350 million people.
Kenyan based startup Ajua has partnered with MTN Nigeria to launch EnGauge, a digital eCommerce customer engagement management mobile app to support SMEs.
Bolt has unveiled a new campaign to empower women in technology. The campaign will run throughout this month and is targeted at jumpstarting careers for women in the tech space regardless of their field
The Nigerian Communications Commission (NCC) has approved the transaction and assigned the frequency to MTN Nigeria.
Digital payments have become a very crucial service in Africa. Every day, millions of transactions are transacted across the continent leading to the rise of different payment technologies like Mpesa.
Nigerian fintech startup Flutterwave raises $170 million to develop complementary innovative products
Nigeria’s payment technology company Flutterwave has secured $170 million from a leading group of international investors as part of a successful Series C round.
Three startups from Kenya are among the recipients of the inaugural $2-million Jua Fund, the largest African venture capital fund by a private individual.
The authorities of Benin Republic, Tuesday, dispatched a delegation to hunt President Muhammadu Buhari’s intervention for Nigeria to assist the nation produce rice.
The sugar group also posted an increase in sales volume which rose by 6.9 per cent, from 684,487 tonnes to 731,701 tonnes.
Under the agreement between OCP, NSIA and the Nigerian National Petroleum Corporation (NNPC), Nigeria will import phosphate from the Kingdom of Morocco and use it to produce blended fertiliser for the local market and export.
AfDB provides $400,000 grant for Securities and Exchange Commission of Nigeria to support capital markets development
The African Development Bank (AfDB) signed a $400,000 grant agreement with the Securities and Exchange Commission of Nigeria to strengthen securities market regulation and broaden market instruments.
Africa Digital Inclusion Facility approves $1.3m grants for research efforts to enhance women’s digital access to loans and micro-insurance
The African Development Bank has approved two grants for research that will increase African women’s access to a range of digital financial services including loans and micro-insurance.
MTN Group has announced the appointment of Chika Ekeji as Executive: Strategy and Transformation as part of plans to further bolster management capacity to accelerate the Group’s strategic ambitions.