nigeria to invest $5 billion in tech startups; what to expect

Nigeria to invest $5 billion in tech startups;…

Nigeria, a country in West Africa, aims to invest $5 billion in tech startups for the next four years. The Nigerian authorities have developed strategies for $5 billion in annual tech startup investments in order…

south african farmers losses over 1 billion rand due to wildfires

South African Farmers Losses Over 1 Billion Rand…

Massive fires have caused South African farmers to suffer losses exceeding 1 billion Rand in crops and livestock.  These fires, which have ravaged parts of the Northern Cape, Free State, North West, and Limpopo since…

will 2023 break the record of power outages in south africa

Will 2023 Break The Record Of Power Outages…

South Africa is dealing with a serious problem of frequent power outages, and it's getting worse. A recent report suggests that by mid-October, the total time without electricity in 2023 could be double what it…

nigeria to boost economic ties with south africa what to expect

Nigeria to boost economic ties with South Africa:…

Chief Bola Ahmed Adekunle Tinubu, the current President of Nigeria, wants to establish stronger economic and diplomatic ties with South Africa. Nigeria and South Africa aim to build a good partnership in order to tackle…

nifor to boost palm oil production in nigeria. what to worry

NIFOR To Boost Palm Oil Production In Nigeria.…

Nigeria is set to increase its palm oil production through a new partnership between the Nigerian Institute for Oil Palm Research (NIFOR) and Luscei Investment Limited.  Under the agreement, Luscei Investment will host NIFOR's Extension…

why did insurance index drop 2.9% in the nigerian stock market

Why Did Insurance Index Drop 2.9% In The…

Last week on the Nigerian stock market, we saw some ups and downs in various sectors. The Insurance sector didn't do well last week. It was the biggest loser, dropping by 2.9 percent.  This happened…

why did paris implement a ban on rented electric scooters

Why Did Paris Implement A Ban On Rented…

Paris has become one of the first European cities to ban rented electric scooters (e-scooters) following an overwhelming vote by residents in favor of the decision.  In an April referendum, nearly 90% of voters supported…

pencom to take regulatory actions against employers

PenCom To Take Regulatory Actions Against Employers

The National Pension Commission (PenCom) has issued a directive to all Pension Fund Administrators (PFAs) in Nigeria to establish branch offices in at least two states within each geo-political zone of the country.  Additionally, PFAs…

oil companies pay influencers to promote their fuel products

Oil Companies Pay Influencers To Promote Their Fuel…

Oil companies are paying popular influencers on social media to promote their gasoline and fuel rewards programs.  This has sparked backlash from climate-conscious fans who are concerned about the promotion of fossil fuels among young…

nigeria ranks 7th in mobile phone usage, 11th in internet reach ncc

Nigeria Ranks 7th In Mobile Phone Usage, 11th…

Nigeria has been ranked seventh in the world for mobile phone usage and eleventh for internet reach, according to the Nigerian Communications Commission (NCC).  This means that a lot of people in Nigeria use mobile…

big banks enter fintech space, risks for top fintech companies

Big Banks Enter Fintech Space, Risks For Top…

Nigeria's big banks are entering the financial technology (fintech) space, which is causing competition for existing fintech firms.  The banks are making strategic investments in fintech businesses to secure their future. This move threatens the…

nigerian customs service to allow quick export of 100% local materials

Nigerian Customs Service To Allow Quick Export of…

The Free Trade Zones (FTZs) Committee on Nigerian Customs Service (NCS) Operational Remodeling has recommended that the service allows the quick export of finished and processed commodities containing 100% local raw materials.  This means that…