StartupsTechnology

Towntalk Solutions Joins First Lagos-Based Techstars Program and Expands Offerings with Area! by Towntalk

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February 21, 2023
Towntalk Solutions, a prominent data intelligence firm, is one of just 12 startups chosen for the inaugural cohort of the ARM Labs Lagos Techstars Accelerator Programme. Towntalk Solutions is part of a cohort of 10 Nigerian and 2 Kenyan firms, with 50% female CEOs, that is participating in a 13-week bootcamp program where its founders will be tutored on the fundamentals of starting a startup. The…
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StartupsTransportation

Flance partners with Bolt to provide healthcare services to drivers

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February 21, 2023
Flance, an employee benefits company serving Africa’s gig economy, has announced a collaboration with leading ride-hailing platform Bolt that provides Bolt drivers in Nigeria with access to discounted healthcare plans. Through this collaboration, Bolt driver-partners can take advantage of Flance’s innovative technology and access high-quality, affordable healthcare services. Bolt drivers will…
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Banking

New Naira: CBN debut issue published on Aisha Buhari's Instagram page.

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February 21, 2023
The Central Bank of Nigeria has said that a press release posted on First Lady Aisha Buhari’s Instagram page is not true. A message posted on Aisha’s page on Tuesday said the old N500 and N1000 banknotes will remain legal tender for the next 70 days, until May 1, 2023. Aisha. “For the avoidance of doubt, following the President’s speech on February 16, 2023, CBN was instructed to…
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BankingMarket

Foreign reserves down $427 million - CBN

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February 21, 2023
Nigeria’s foreign exchange reserves fell $427.14 million this month, data from the Nigerian Central Bank showed on Monday. This is due to the fact that the currency crisis in the country was exacerbated by the shortage of new naira banknotes. According to CBN’s…
Transportation

Passengers have complained that the NRC insists on paying in cash.

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February 21, 2023
Despite the introduction of cashless payment systems in many parts of Nigeria, Nigerian railway companies insist on paying for their operations in cash, especially on the Lagos-Ibadan route. While other companies have explored POS services and online banking, it has been observed that NRC officials do not accept wire transfers or use PoS services. The cash desk at the Mobolaji Johnson station in…
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