The Central Bank of Nigeria has given approval in principle to Zenith Bank to operate as a financial holding company.
In a statement signed by the Company Secretary, Michael Otu, on Friday, the company revealed plans to change its organisational structure.
With this change, the organisation will have a banking subsidiary along with other subsidiaries in the financial services sector.
Part of…
NBCUniversal, is acquiring a 30% stake in Showmax, MultiChoice’s video platform.
March 3, 2023
American media giant, NBCUniversal, is acquiring a 30% stake in Showmax, MultiChoice’s video platform.
As part of the deal, MultiChoice announced the formation of Earth UK Holdings Limited (EarthCo) to act as Showmax’s parent company.
In exchange for a 70% stake in…
Kenyan court released Sh6.6 billion ($51.9 million) belonging to Nigerian fintech startup, Flutterwave
March 3, 2023
A Kenyan court on Monday, February 27, 2023, released Sh6.6 billion ($51.9 million) belonging to Nigerian fintech startup, Flutterwave. This came after the Asset Recovery Agency of Kenya withdrew its case against the startup.
Last year, the Asset Recovery Agency filed…
TECNO’s AIoT Solutions Take Center Stage at MWC, Revolutionizing the Future of Connectivity
March 3, 2023
TECNO launched its first foldable smartphone, PHANTOM V Fold, and MEGABOOK S1 2023 laptop with the latest Intel? Core? processor, and showcase its diverse AIoT digital ecosystem at MWC Barcelona 2023.
Today, TECNO, an innovative technology brand with operations in over 70 global markets, marks its debut at Mobile World Congress (MWC) 2023 in Barcelona. To celebrate, the brand launched its…
In line with its aim of helping young people connect and maximise global opportunities such as jobs, skills, and scholarships, Goodwall—a mobile-based professional development network for students and professionals—has launched in Nigeria with…
Oyola has created a digital marketplace to support peer-to-peer (P2P) crypto trading
March 3, 2023
The top peer-to-peer (P2P) cryptocurrency network, Oyola, was created to make it simpler for people to trade cryptocurrencies directly with one another without the use of a middleman. You can now communicate directly with buyers and sellers for quick, safe transactions while…
Fintech for Women: HerVest increases its services to promote greater financial inclusion among all types of women.
March 3, 2023
In furtherance of its commitment to bridge the $42bn gender finance gap in Africa, HerVest, a fintech dedicated to providing financial inclusion for women through a Gender Lens Investment (GLI) approach, has launched its revamped digital app to deepen access to financial growth services for underserved and excluded African women through target savings, impact investing and credit…
It’s no secret that unemployment is a major issue in Nigeria. According to the National Bureau of Statistics, the unemployment rate in Nigeria was 27.1% in the second quarter of 2020. That’s over 20 million people who are currently out of work, and looking for ways to…
LifeBank signs partnership to use AI to enhance patient outcomes in African hospitals.
March 3, 2023
In line with its objective of building an agile supply chain for Africa’s healthcare industry, LifeBank has signed an agreement with benshi.ai, a Barcelona-based Artificial Intelligence (AI) organisation to use its AI and Machine Learning (ML) platform to improve the…
Supreme Court orders old N200, N500, N1,000 notes to remain legal tender till Dec 31
March 3, 2023
The Supreme Court has invalidated the new naira design policy initiated by the Federal Government on the grounds that it was not done with due consultation and in line with constitutional provisions.
Following, the apex court ordered that the old naira notes shall continue to be used side by side with the new naira notes till December 31, 2023.
The court held that the three months timeline was…