Nigerian logistics startup Topship has raised a US$2.5 million funding round as it continues to build the “Flexport for Africa”.
Launched in June 2020, Topship allows African businesses to export and import cargo, freight and parcels to their suppliers, distributors and customers at any location worldwide.
The startup says it is building “Flexport for Africa”, and it has now raised a…
Access Holdings Plc has announced plans by Access Bank to divest from its pension custody subsidiary.
The Group released a statement signed by the company secretary, Sunday Ekwochi and filed with the Nigerian Exchange Limited (NGX).
According to the statement, the group is…
French multinational oil and gas giant, TotalEnergies SE, has formally launched the sale of its 10% stake in its Nigerian joint venture with Nigerian National Petroleum Company (NNPC) Limited, Shell Petroleum Development Company (SDPC) and Eni.
According to Reuters, a sale…
The Spanish Data Protection Agency (AEPD) has imposed a penalty of ten million euros on Google for transferring data to third parties without a legal base to do so and for hindering citizens’ right to erasure. According to the Agency, these contravene Articles 6 and 17 of the European General Data Protection Regulation (GDPR).
AEPD said it found out that Google had passed information that could…
The Central Bank of Nigeria has issued the regulatory framework for Open Banking in Nigeria in its efforts to enhance data sharing across the banking and payments system to promote innovations and broaden the range of financial products and services available to bank…
First City Monument Bank (FCMB), a member of FCMB Group Plc, has partnered with the Mastercard Foundation to provide subsidized loans to 100,000 Micro, Small, and Medium Enterprises (MSMEs), to scale their operations to create work opportunities for young Nigerian women and…
At a technology conference in Miami, Mr. Musk, the world’s richest man, said striking a deal for Twitter at a lower price was “not out of the question,” according to a person who attended the event.
Mr. Musk’s comment came in response to a question over whether he would renegotiate his planned $44 billion acquisition of Twitter over its stated figures of how many bots, or spam accounts…
GIG Mobility (GIGM), a tech-enabled mobility company, under the management and leadership of Greatman Legend (formally GIG Group) has announced the appointment of Enahoro Okhae as Chief Executive Officer for GIGM.
The new CEO also seized the opportunity to share his vision…
Palm oil producers in Nigeria have been posting record revenues and profits in the past 5 years.largely on account of import restrictions that more or less guaranteed their position as suppliers of last resort to diverse commercial and individual users, As reported by…
Tuesday, 17th May 2022: The exchange rate between the naira and the US dollar closed at N418.5/$1 at the official Investors and Exporters (I&E) window, appreciating by 0.71% from N421.5/$1 recorded the previous day.
Naira gained against the US dollar on Tuesday, following the record-high depreciation recorded in the previous trading session. Likewise, FX turnover improved by 48.7% to $105.1…