A leading composite e-commerce group, Konga, is poised to transform the Nigerian media and commerce landscape with the upcoming launch of its AI-powered FM radio station in Lagos. The groundbreaking initiative, set to debut in January 2025, will mark Africa’s first Hit Music & Commerce Station, blending Technology, Entertainment, Commerce and more to drive impactful…
Nigeria’s oil minister has finally approved Shell Plc’s $2.4 billion in assets sale to Renaissance Group, Renaissance has revealed. The greenlight comes just two months after Africa’s biggest crude producer declined to approve the sale of Shell’s onshore and shallow-water oil and gas in the Niger Delta region to a consortium of local companies. The…
Artificial Intelligence (AI) isn’t just making fraud smarter – it’s making it nearly impossible to catch. With global losses hitting $486billion annually, Bureau said it has secured $30million in Series B to level the playing field. A leading risk intelligence platform, which has seen its revenue grow 3x since it’s last fundraise, is arming businesses…
Airtel Nigeria has once again been recognized for its commitment to sustainable development, carting away the Partnership of the Year award at the 18th edition of the Sustainability, Enterprise, and Responsibility Awards (SERAS) held at the Oriental Hotel, Victoria Island, Lagos. The award celebrates Airtel’s continued success with its Re-imagine Education Initiative, a ground-breaking collaboration…
Monies paid by the Federal Government as electricity subsidies increased to N199.64 billion in December 2024, according to the Nigerian Electricity Regulatory Commission (NERC) data. According to the newly released report, ‘December 2024 Multi-Year Tariff Order,’ electricity subsidies rose by 2.76 per cent to N199.64 billion this month from N194.26 billion in November. NERC explained…
The trade volume between Nigeria and the United States (U.S) has reached $11.2billion, an improvement from the $10.04billion it was last years, U.S. Ambassador to Nigeria, Richard Mills Jr has said. The envoy spoke when he delivered welcome remarks to the attendees of a forum hosted for over 450 Nigerian companies for the Networking with…
President Bola Tinubu’s economic reforms, if sustained, have the potential to pull through critical deliverables for the economy to return to a growth path, the Lagos Chamber of Commerce and Industry (LCCI) has said. The group added that the country would witness more impact of the reforms on fundamental indicators such as inflation, interest rates…
The Nigerian Aviation Handling Company (NAHCO) Plc has unveiled an ambitious plan to achieve total group revenue of N300 billion within the next five years. The projection was announced by the Group Executive Director, International Business & Corporate Services, Dr Sola Obabori, during the company’s ‘Bell Ringing and Facts Behind the Figures’ event held yesterday…
The Nigerian Air Force (NAF) is exploring strategic partnership with Zinox Technologies, Africa’s foremost integrated ICT solutions company. The partnership is with a view to exploring avenues to strengthen the Air Force’s operational and technological infrastructure and make them more resilient. According to company sources, a high-level delegation from NAF, led by Air Vice Marshall…
