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…
The Advertising Regulatory Council of Nigeria (ARCON) has issued a directive mandating all influencers and content creators to seek prior approval before publishing advertisements on any platform. In a statement released on Monday and signed by ARCON Director-General, Olalekan Fadolapo, the council expressed deep concern over the growing trend of misleading advertisements, particularly on digital…
Nigeria has ratified and adopted a road map for the Nigerian Electricity Supply Industry (NESI) by approving the National Integrated Electricity Policy( NIEP). The policy which had been ready since December 2024 and submitted to President Bola Ahmed Tinubu was ratified on Monday at the weekly Federal Executive Council (FEC) meeting. The policy is a…
The Federal Executive Council (FEC) on Monday approved Nigeria’s full membership of the Asian Infrastructure Investment Bank (AIIB) as a non-regional member, marking a significant milestone in the country’s international economic engagement. The Council also approved the transmission of a bill to the National Assembly to establish the National Cocoa Management Board, in a bid…
The Federal Government has directed the Economic Management Team (EMT) to chart a fresh path for Nigeria’s economic future, targeting a medium-term growth rate of seven per cent. This next phase of the economic roadmap is expected to focus on unlocking rapid and sustained inclusive growth, anchored on a mix of fiscal discipline, investment incentives,…
Nigeria’s former Finance Minister and Coordinating Minister of the Economy now Director-General, World Trade Organisation (WTO) Dr. Ngozi Okonjo-Iweala has said Africa’s opportunity does not lie in aid but in adding value, building trust and using her enormous resources judiciously. She spoke at the African Business Stories (ABS) third edition of its Roundtable Series during…
Visionaries who recognize untapped potential can fundamentally reshape entire economies in the rapidly evolving global technology landscape. Dr. Leo Stan Ekeh, Chairman of Zinox Group and a pioneer in Africa’s tech ecosystem, stands as a testament to this transformative power. For over three decades, Dr. Ekeh has not merely participated in Nigeria’s tech evolution; he…
An indigenous solar panel manufacturing company, LPV Technologies and the Rural Electrification Agency (REA) have partnered to halt capital flight occasioned by the importation of solar panels. Managing Director, REA, Engr. Abba Aliyu, who spoke during a facility tour of the company’s state-of-the-art solar panel production plant in Lagos, described LPV Technologies as one of…
Leading carrier, MTN Nigeria said it has invested ₦202.4 billion, a 159per cent increase year-on-year, to upgrade and expand network infrastructure, enhancing service quality and capacity. According to its unaudited results for first quarter (Q1) ended 31 March 2025 released yesterday, the telco also said its total subscribers increased by 8.2per cent to 84.1 million,…
