As the 60-day timeline given to WhatsApp and Meta Platforms Incorporated to pay a $220 million penalty and $35,000 to the Federal Competition and Consumer Protection Commission (FCCPC) by Competition and Consumer Protection Tribunal over data discrimination practices in Nigeria continues to count, a group, Techsocietal, has called for caution. In a statement endorsed by…
Sixty one per cent of Nigerian Chief Executive Officers (CEOs) are expecting global economic growth to improve and 64 per cent anticipate positive shifts in Nigeria’s economy this year. Reflecting a commitment to strategic reinvention, 61 per cent of the CEOs have expanded into new sectors over the past five years, while 67 per cent…
The Director-General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) Charles Odii, has said the agency created 90,160 new jobs in the first quarter of (Q1) 2025, driven by targeted empowerment programs and strategic collaborations. In a statement signed by the management, the Q1 performance report of the agency has supported more than 116,000…
A leading full-service digital bank, PalmPay, has reaffirmed its dedication to advancing the future of payments in Nigeria by promoting the widespread adoption of contactless-enabled payment terminals. This was made known during the recently concluded BusinessDay Future of Payment Conference, themed “Fintech Evolution: Gateway to Payments.” In his welcome address, BusinessDay Publisher, Frank Aigbogun, emphasized…
In a bold step to ensure seamless adoption of the Huawei eKit solution across Africa, TD Africa, the continent’s leading technology distributor, in collaboration with global tech giant Huawei, hosted an exclusive Installer Workshop at the Huawei Experience Centre, Oriental Hotel, Lagos. The workshop was not just another industry event, it was a strategic initiative…
The Nigerian Postal Service (NIPOST) yesterday announced series of reforms aimed at transforming the organization into a more innovative, efficient, and digitally driven institution. A major part of the reforms is the commencement of cashless transactions in the 774 local government councils across the country. The NIPOST management headed by the Postmaster-General of the Federation/CEO, …
The global agri-food sector demonstrated remarkable resilience last year with overall feed production increasing by 1.2 per cent despite significant headwinds such as disease outbreaks and economic pressures, according to Alltech’s 2025 Agri-Food Outlook. This rebound follows a stagnant 2023, highlighting the adaptability of the international agriculture industry. The 14th annual survey from Alltech, which…
The Nassarawa State Governor, Abdullahi Sule yesterday granted a special tax holiday for Renewable Energy Service Companies (RESCOs) developing mini-grids. He anchored the tax waiver on the benefits accruable to the communities from the investment. “There is a special tax holiday for renewable energy because it is a win-win situation for you and our communities…
Retail lender, Unity Bank Plc, has unveiled GenFi, a new digital banking platform tailored to empower kids and teenagers between the ages of eight and 18 with essential financial skills and deepen financial literacy. The launch is coming on the heels of a report by the Central Bank of Nigeria (CBN), which found that only…
