Operatives of the Ekiti State Amotekun Corps have arrested a man, identified as Celestine, with counterfeited new N1,000 notes amounting to about N250,000.
Celestine, who claimed he was an Anambra State born Lagos-based businessman, said he was heading from Lagos State to Isanlu in Kogi State to buy kolanut and bitter kola when he was arrested with the fake new naira notes.
The suspect, who…
With $15 million in edtech accelerator funds, CcHub will support 72 startups in Nigeria and Kenya
February 21, 2023
CcHUB, a well-known African innovation hub, has announced plans to launch The Edtech Fellowship Program, which will provide $15 million in funding to edtech firms in Nigeria and Kenya.
The program’s goal is to develop a new ecosystem of edtech businesses that will…
Towntalk Solutions Joins First Lagos-Based Techstars Program and Expands Offerings with Area! by Towntalk
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…
Chipper Cash, an African startup cross-border payments company, reportedly laid off 140 employees, or more than a third of its workforce.
Although 15% of those impacted are Nigerians, the layoffs affected workers from IT, engineering leadership, engineers, technical programme managers, and analysts.
This move follows a prior 13% personnel reduction in December 2022, when 50 employees from the…
Vodafone Group has completed the sale of its 70% stake in Vodafone Ghana to Telecel Group in order to streamline its African portfolio. The sale was just approved by Ghana’s National Communications Authority, and the government would keep a 30% minority ownership in…
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…
Nigerian undergraduates founded JEAY to offer the country with affordable and accessible healthcare.
February 21, 2023
Jesutoni Omiye attends Ekiti State University in Ado Ekiti, Nigeria. He has sickle cell disease and always goes home when he is sick to be treated by his mother, a nurse.
There is no denying that the internet has changed the way we live. He was in tremendous pain and didn’t have any medications on him.
His hostel friend, Toluwanimi Fanibuyan, and a few others offered to drive him to the…
The Central Bank of Nigeria (CBN) has said that only the old N200 notes will be reissued and will circulate alongside the new notes at the behest of President Muhammadu Buhari. The bank confirmed this in a statement signed on Tuesday in Lagos by Edward Adamu, vice president…
#RanksBusiness Magazine has concluded plans to recognize 100 women entrepreneurs.
February 21, 2023
#RanksBusiness Magazine has concluded plans to recognize 100 women entrepreneurs who have distinguished themselves and added value to society and humanity as part of activities and programs to celebrate Women’s Day 2023.
For the next ten days, we will highlight 100…
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…