The foreign exchange turnover saw a significant rise of 76.61% to $117.32 million, coinciding with the Nigerian naira’s strengthening against the dollar in the official market on Tuesday, February 20th, 2024. However, despite this improvement, the intra-day high remained elevated, reaching N1,701 against the dollar
NOVA Merchant Bank Limited, a leading merchant bank in Nigeria, has announced that it is set to begin its conversion to a full Commercial Banking Business following its recent requisition of the national commercial banking license from the relevant authorities. To this end, the Bank
For much of its history, coverage of the African startup scene has tended to be glowing accounts of innovation and grit, and for good reason. A young ecosystem battling scarce funding opportunities, low infrastructural development, and near-absent government support needed all the support it could
An official of the Nigerian government on Monday announced a plan to help Nigerian tech startups raise a total of $5 billion yearly in funding rounds by 2027. The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, disclosed the plan in the ministry’s 31-page Strategic
A Nigerian software entrepreneur, Alex Onyia, CEO Educare, has been hailed on social media over the academic initiative he introduced for youngsters of his village to enable them to perform excellently in the Joint Admissions and Matriculation Board (JAMB) UTME of 2024. Alex revealed on
Nigeria’s banking sector has shown remarkable resilience and performance in the first half of 2023, despite the challenging economic and regulatory environment. The total profit after tax (PAT) of the 10 listed banks increased by a whopping 193% year-on-year, from N498 billion in H1 2022
It was Nelson Mandela who said, “Education is the most powerful weapon which you can use to change the world.” While you’ll hear the occasional debate about the suitability of Nigeria’s current educational system, many will agree that good education can significantly alter the trajectory
Kennedy Ekezie may be 25, but he has lived a life only a few people dream of. At 19, he graduated from the University of Calabar with a Bachelors degree in Philosophy. As a student, he was a member of the debate team and founded a
MEST Africa has announced the opening of applications for the fifth edition of the MEST Africa Challenge, the winner of which will secure US$50,000 in equity funding. Founded in Ghana in 2008 by serial entrepreneur Jorn Lyseggen, MEST is a pan-African software and entrepreneurship training programme, seed
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