BlockchainBrands & People

$4m funding: Nigerian IT firms top Google’s 60 shortlist

Twenty-three startups out of the 60 shortlisted in Africa for $4 million funding by  Google are Nigerian firms. The ”equity-free cash” comes under the tech giant’s funding scheme called Google Black Founders Fund (BFF) for startup tech firms in African nations. Google’s Head of Startup Ecosystem, Sub-Sahara Africa, Folarin Aiyegbusi, who made this known in a statement yesterday, did not…
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Banking

Banks lend N3.38tn to firms at single-digit rate

Customers accessed loans worth N3.38tn at single-digit interest rates under the Central Bank of Nigeria’s intervention funds as of the end of June. A member of the Monetary Policy Committee meeting, Aliyu Sanusi, disclosed this in his personal statement at the last MPC…
BankingEconomy

Stanbic IBTC Bank seeks support for agro-allied economy

Stanbic IBTC has  intensified efforts in providing financial products and services for businesses in the agro-allied industry. The product development drive aligns with  the bank’s  determination to expand and support the agriculture and agro-allied industrial sector in Nigeria The agro-allied industries are central to sustainable development. The agricultural sector is critical for…
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Markets

OPEC daily basket price increases to $101.04 per barrel

The price of the Organization of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 101.04 dollars per barrel as of Wednesday. This is compared with 106.41 dollars per barrel recorded on Tuesday, according to OPEC Secretariat calculations…
Aviation

Emirates restores flights to Lagos

Emirate airline has announced the reinstatement of its flight operations to Lagos, starting September 11. The airline said this in an email to customers yesterday. The development comes almost a week after the federal government released the sum of $265 million to foreign…
Market

NIBSS record N8tn on POS transactions

The value of Point of Sale transactions in Nigeria has jumped 39 per cent to N8.03tn in 2022, according to data obtained from the Nigeria Interbank Settlement System. The data showed that the aggregate PoS transactions between July 2020 and July 2021 were estimated at N5.77tn. However, between July 2021 and July 2022, the volume of transactions increased to N8.03tn, indicating a 39.16 per cent…
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Brands & PeopleFintech

Wellahealth gets global recognition

Health-tech organisation, Wellahealth has been named among the 100 most impactful companies by the Norrsken Foundation. The firm, according to a statement, was one of the two Nigerian companies that made the list, which included foremost startups from across the globe. On…
Brands & People

Institute appoints MD for S’Sahara Africa’s branch

Project Management Institute has appointed George Asamani as the managing director for Sub-Saharan Africa. A statement said “Asamani takes over from Ashwini Bakshi, who leaves the company having steered the region during the pandemic.” Asamani, previously the business development lead for Africa, is highly accomplished with a proved track record of growth. Together with the team, Asamani…
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