Tuesday 27 February 2024

Nigerian FX Traders Navigate EFCC Crackdown Amidst Escalating Volatility

In the wake of intensified measures by the Economic and Financial Crimes Commission (EFCC) targeting Bureau de Change (BDC) operators nationwide, Nigerian currency traders have been compelled to adopt clandestine methods to evade potential arrest. TechCabal has learned from three sources within the industry that fears of crackdowns have prompted traders to shun street trading, with over 100 currency traders in Lagos already apprehended by the EFCC last week amidst heightened FX volatility.

How to Link Both NIN and BVN to Your GTBank Account

In a bid to combat fraud and strengthen Know Your Customer (KYC) requirements as directed by the Central Bank of Nigeria (CBN), Guarantee Trust Bank ("GTBank") a few days ago sent its customers an important account security notification asking them to link their National Identification Number (NIN) and BVN to their bank account before March 1, 2024, to keep their account active.

Healthcare Stakeholders to Converge in Lagos For Medlab West Africa 2024

All is now set for the 2024 Medlab West Africa, the region's leading medical laboratory platform, which will take place on April 22-24, 2024, at the Landmark Centre, Lagos Nigeria. Co-located with the inaugural Pharmaconex West Africa, the industry-focused event promises to reshape the healthcare landscape and accelerate innovation across West Africa. The event presents opportunities for industry professionals, thought leaders and businesses to collaborate and drive positive change within the medical laboratory and pharmaceutical manufacturing sectors.

Monday 26 February 2024

Tinubu Engages Captains of Industries and Governors, Promises Economic Relief for Nigerians

In a bid to address the pressing socio-economic challenges in the country, President Bola Tinubu convened a crucial meeting with key stakeholders including prominent business leaders and state governors in Abuja on Sunday, February 25th 2024.

Friday 23 February 2024

Aradel Holdings CEO Honoured with 2023 WIEN Gender Advocate of the Year Award

Managing Director and CEO of Aradel Holdings Plc, Mr. Adegbite Falade, has been awarded the prestigious 2023 WIEN Gender Advocate of the Year award by the Women In Energy Network (WIEN). The award was presented to Mr. Falade during a special ceremony held at Aradel Holdings Plc headquarters on Friday, 16th February 2024.

Three Teams Emerge Winners in HabariPay’s Take-on-Squad Hackathon 1.0 for University Undergraduates

Following days of intensive collaboration, innovation, and problem-solving, the inaugural Take-on-Squad Hackathon 1.0 coding event culminated in the recognition of three outstanding teams: Team Within, Team X, and Team Storepoint. Held at the state-of-the-art GTCO Training Complex, located within Tayo's Plaza in Abeokuta, Ogun State, the event spanned from January 18th to 20th, 2024.

Tinubu appoints Kemi Nandap as New Comptroller-General of Immigration

President Bola Tinubu has approved the appointment of DCG Kemi Nanna Nandap to serve as the Comptroller-General of the Nigeria Immigration Service (NIS), effective from March 1, 2024.

Global Black Impact Summit 2024 to Empower Youth on Leadership, Excellence

In today's fast-evolving global landscape, nurturing strong leadership qualities among young individuals is essential for fostering inclusive communities and driving meaningful change. Against the backdrop of a rapidly transforming economy, marked by shifting consumer trends and rapid technological advancements, it is imperative to prioritize access to education and skill development. By equipping the youth with the necessary competencies and empowering them to thrive in a dynamic future, we pave the way for a generation of capable leaders poised to make a positive impact on the world.

Thursday 22 February 2024

ClimateTech Hohm Energy secures $8m to scale adoption of rooftop solar across South Africa

Hohm Energy, the South African Climate Fintech company that helps homeowners and businesses to go solar with accredited solar installers, product suppliers, and embedded solar finance, has today announced the successful final close of its $8m Seed round. The funding marks the largest seed round for a tech startup in South Africa totalling $8m, which was led by E3 Capital and 4DX Ventures and attracted participation from new investors, including Breega, E4E Africa,, Tekton Ventures, Sunu Capital, Musha Ventures, and Climate Capital Ventures.

Wednesday 21 February 2024

Guiness Nigeria appoints Eniola Alli Faweya as Head of Corporate Communications

Leading beverage alcohol company, Guinness Nigeria has announced the appointment of Eniola Alli Faweya, as the new Head of Corporate Communications of the company, effective February 12th, 2024.

Tuesday 20 February 2024

Nigeria: FG Set to Provide Internet Access to 774 Local Government Areas, Create Over 300 Jobs

Nigeria’s Ministry of Communications, Innovation, and Digital Economy has initiated ‘Project 774 LG Connectivity,’ an initiative aimed at providing internet access to all 774 local government secretariats in Nigeria. The project, which is estimated to create over 300 jobs directly and indirectly, seeks to improve digital access.

AfDB, OCP Group provide $188 million for green investment in Morocco

The African Development Bank (AfDB) and the OCP Group concluded three loan agreements in Rabat totalling $188 million to support the OCP Group's Green Investment Programme, which will provide clean drinking water to towns near three new desalination plants.

Bigi Unveils New TVC to Celebrate Unbreakable Naija Spirit

Bigi, the award-winning carbonated soft drink brand produced by Rite Foods Limited, has released a new television commercial (TVC) celebrating the fires in our bellies and Nigerians' unique ability to overcome obstacles with infectious resilience, laughter, and an unwavering belief in our potential that no dream is too big.

FBNQuest to Host its 6th Islamic Estate Planning Clinic in Abuja

FBNQuest Trustees, a subsidiary of FBN Holdings dedicated to providing Trust solutions to individuals, corporate and government institutions, has rolled out plans to host its 6th Islamic Estate Planning Clinic, on the 24th of February 2024 in Abuja, Nigeria. This forum aims to educate the Muslim faithful about the importance of Estate Planning in line with Islamic laws.

Monday 19 February 2024

Elevate Your Lifestyle With LG Electronics Where Innovation Meets Home Comfort

LG Electronics continues to set new standards in consumer electronics with the unveiling of its latest lineup featuring sleek, minimalist designs tailored to enhance the modern lifestyle.