TD Africa’s Accra Synergy Summit ignites Ghana’s tech transformation

Accra, Ghana, witnessed a remarkable gathering of tech industry leaders, visionaries, and policy-makers as TD Africa hosted the Accra Synergy Summit on February 20th. The prestigious event, held at the Kempinski Hotel Accra, brought together some of the most influential minds in the technology ecosystem, further cementing TD Africa’s role as a transformative force in…

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SEC reduces time for companies to raise capital from over 12 months to 14 days

Nigeria’s Securities and Exchange Commission (SEC) has reduced the time required for companies to secure approval to raise capital in the Nigerian capital market, cutting the process from over a year to just 14 days. This development aims to make the capital market more efficient and better positioned to support the growth and development of…

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Nigeria suffers over 50,000 fibre cuts, says NCC

Last year, Nigeria’s telecom sector suffered over 50,000 fiber cuts across the country with ripple effects on service quality and huge financial losses to the mobile network operators (MNOs) via remediation and restoration. Of these cuts, 30,000 were blamed on federal and state road construction activities, telecom sector regulator, the Nigerian Communications Commission (NCC), has…

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Nigeria oil marketers give Tinubu 7 days to pay N100b bridging claims

Independent Petroleum Marketers Association of Nigeria (IPMAN) Depot Chairmen Forum yesterday gave Nigerian President Bola Tinubu seven working days ultimatum to pay its over N100billion bridging claims. In its communique issued to reporter in Abuja, the Depot Chairmen Forum, Alhaji Yahaya Alhassan said should the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) fail to…

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Smartcash PSB wins Outstanding PSB at New Telegraph Awards

Smartcash Payment Service Bank (PSB), a subsidiary of Airtel Nigeria, has won the Outstanding Payment Service Bank of the Year 2024 (Fintech) at the New Telegraph Awards, reaffirming its continued growth and reach of the PSB within the last year. The award ceremony, which took place at the Lagos Oriental Hotel, celebrated Smartcash PSB’s commitment…

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Lawmakers fault govt funding MOFI with N150b at FMBN’s expense

The Senate on Wednesday expressed over the Federal Government’s M150billion investment in the real estate fund at the expense of the Federal Mortgage Bank of Nigeria (FMBN’s) capital share. The government through the Ministry of Finance Incorporated (MOFI) had subscribed to the N150 billion series 1 offering under the MOFI Real Estate Investment Fund (MREIF)…

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Nigeria lawmakers back FMBN’s recapitalisation

The National Assembly says its support for the Federal Mortgage Bank of Nigeria (FMBN’s) recapitalisation efforts aims to enhance the bank’s capacity to deliver affordable housing and reduce the nation’s housing deficit.  Chairman of the Senate Committee on Lands, Housing, and Urban Development, Sen. Aminu Tambuwal, stated this in Lagos during a top management housing…

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Algeria to launch Algeria-Abuja-Douala route in April

The Minister of Aviation and Aerospace Development, Festus Keyamo and the Algerian Ambassador to Nigeria, Mezoued Hosine have met to discuss the commencement of Bilateral Air Service Agreement (BASA) arrangements between Nigeria and Algeria. Ambassador Hosine expressed his country’s interest in launching air services connecting Algeria, Abuja, and Douala. He requested the Minister’s intervention in…

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