Fintech platform, PalmPay, was awarded the Most Outstanding Fintech Driving Financial Inclusion at the prestigious BrandCom Awards 2024, held on October 26th. The award, presented by Brand Communicator, celebrates Palmpay’s remarkable contribution to expanding financial inclusion across Nigeria. The recognition from Brand Communicator reflects PalmPay’s commitment to bridging financial gaps and expanding access to reliable…
Issues that led to the blockage of Shell’s bid to sell off its asset for up to $2.4 billion to Renaissance consortium, comprising five companies by upstream oil regulator, Nigerian Upstream Petroleum Regulatory Commission (NUPRC) would soon be resolved, according to Presidency source. The two companies could then sit and continue negotiation. NUPRC found some…
Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake has reaffirmed President Bola Tinubu’s commitment to repositioning the mining sector towards becoming a significant revenue earner for the country. A statement endorsed by the Minister’s Special Assistant on Media, Segun Tomori said the minister gave the president’s commitment while addressing Course 33 participants of the…
RFA Lyme Bay, a UK Royal Fleet Auxiliary (RFA) vessel, has arrived in Premiere Port (Apapa Quays) Lagos, Nigeria, as part of a Defence Engagement programme across West African partner nations. The visit is part of the maritime co-operation agreed under the UK-Nigeria Security and Defence Partnership in February 2024. While in Nigeria, Lyme Bay,…
Seplat Energy‘s revenue hits N1.07tr Nigerian independent energy major, Seplat Energy PLC, has grown its revenue in nine months to N1.071trillion from N478.1billion year-on-year with cash generated from its operations rising to N633.8billion from N213.8billion y-o-year. With double listing on both the Nigerian Exchange (NGX) and the London Stock Exchange (LSE), unveiled its unaudited results…
Metropolitan Lagos is set to host Nigeria’s biggest parenting conference, the first of its kind, designed to provide a platform for parents to enhance their knowledge and connect with their peers. The Baby Convention, scheduled for La Madison Place, Oniru, Lekki, Lagos, between November 16 and 17, 2024, is being convened by renowned pediatrician, Dr….
The Bank of Industry (BoI) has opened its application portal for would be beneficiaries of the Federal Government’s N75billion Micro, Small, and Medium Enterprises (MSMEs) Intervention Fund. This is even as the Nigerian Association of Small Scale Industrialists (NASSI) lauded the FG for the intervention programme, describing it as lifeline for Nigerian MSMEs. A representative…
The Federal Government has allocated in excess of $75 million for the advancement of Compressed Natural Gas (CNG) infrastructure to foster cleaner and more sustainable energy across the nation. The Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, made the announcement at the 18th OTL Africa Downstream Energy Week in Lagos. The theme…
Nigeria based fintech Moniepoint has raised $110 million in new funding from investors including Google to scale up digital payments and banking solutions across Africa, the company has said. Sources close to the transaction said the new funding valued Moniepoint above $1 billion, giving it “unicorn” status – a term for privately-owned business valued at…
