President Muhammadu Buhari has exempted key players in the financial services sector from Coronavirus movement restrictions, a joint statement by the Minister of Finance and the Governor of the Central Bank of Nigeria (CBN) have disclosed. According to the statement, the Minister of Finance, Budget and National Planning, Zainab Ahmed…
Author: AdeO
Facebook has announced an additional $100 million investment to support the news industry— $25 million in emergency grant funding for local news through the Facebook Journalism Project, and $75 million in additional marketing spend to move money over to news organizations around the world. Through the COVID-19 Community Network grant…
Union Bank has launched a 24-hours toll-free customer service line-08007007000. The multi-lingual customer service line, which allows customers to call the Bank’s Contact Centre at no cost, was launched on Monday; March 30thas part of the Bank’s efforts to ensure it provides seamless banking services as the country responds to…
Seedstars, the Swiss-based private group of companies with a mission to impact people’s lives in emerging markets, has announced its global Seedstars Summit will be held exclusively online, from March 31 to April 3rd, 2020. With a mission to create a positive impact through technology and entrepreneurship, the company has…
HP and Nigerian authorities have successfully obstructed over 20 illicit trading operations for fraudulent HP printer cartridges across the country. Between September and October 2019, Nigerian authorities raided around two dozen illicit trading operations in Lagos, Niger, and Plateau. As a result of the action, law enforcement personnel were able…
Union Bank said it has closed a branch at Ikota, Lagos after its employee had a contact with a “now confirmed” case of novel coronavirus three weeks ago. The bank said another employee at the same branch was at the Africa Magic Viewers’ Choice Awards on March 14. Lagos State…
Jumia Nigeria has announced a price slash offer for customers in its upcoming Tech Week campaign which is scheduled to run from March 23rd to the 29th. The campaign will run in parallel with its Stay Safe campaign aimed at providing consumers access to hygiene products, groceries, utility bills, and…
Merck Foundation, the philanthropic arm of Merck Germany plans to conduct the New Edition of their “UNESCO – Merck Africa Research Summit (MARS) 2020” with the aim to Empower Women & Youth in Research on the 13th of October in Lusaka, Zambia on the side of their annual conference Merck Africa Asia Luminary.Dr.…
Kenyan fintech startup Pezesha has been named winner of the Catapult: Inclusion Africa fintech bootcamp hosted by The Luxembourg House of Financial Technology (LHoFT). Pezesha, a micro-lending marketplace, was founded in 2016 by Hilda Moraa (pictured above, receiving the award from Luxembourg’s Minister of the Economy and Minister for Development Cooperation and Humanitarian…
Homefort Energy, an indigenous clean energy startup, has won $5,000 grant after winning the Kingdom Hackathon Prize of the Redeemed Christian Church of God (RCCG). Kingdom Hackathon is a tech event focused on solving social problems through technology, an initiative of the Young Adults and Youth Affairs of RCCG. The…
Union Bank of Nigeria has shut down its daily operations due to the coronavirus pandemic The bank directed its staff to work from home in a bid to tackle the Coronavirus scourge. According to a statement, the Bank directed its workers to comply with the directive starting from Monday 23rd…
Netflix has announced the establishment of a $100 million relief fund for workers in the worldwide creative community affected by the coronavirus-caused halt of most film and television production. “This community has supported Netflix through the good times, and we want to help them through these hard times, especially while governments…
Some companies in Nigeria have closed indefinitely due to the raging coronavirus pandemic while others haven’t. If yours haven’t, it is very important that you protect yourself from getting infected by the virus at work. These tips will help you. Wash your hands often Shared office items like coffee pots…
With Covid-19, commonly referred to as the coronavirus, spreading to the Africa continent, there’s a growing need for medical supplies to be increased around the country. With a national state of disaster declared by President Cyril Ramaphosa, now is the time to act and be prepared for large amounts of…
More than 600 cases of COVID-19 have been confirmed in 34 countries in Africa as of 19 March, compared with 147 cases one week ago. Although the region has seen a significant increase in confirmed cases recently, there are still fewer cases than in other parts of the world. “The…
The MEST Africa Challenge is the African tech startup pitch competition for early-stage companies based in Ghana, Nigeria, Kenya, South Africa, Côte d’Ivoire, Rwanda, Senegal, Ethiopia or Tanzania. Winners of each country’s semi-final competition will compete in the Challenge finals at the MEST Africa Summit 2020. Finalists will compete on a…
In the light of the rampaging coronavirus pandemic, Ventures Platform Hub has launched the COVID-19 Innovation Challenge. Ventures Platform Hub is interested in solutions for remote working, distribution of goods and services, healthcare management, and any out of the box ideas you may have. 5 selected projects will gain access…
Today, Workplace from Facebook is announcing it will be providing access to its Advanced Tier free of charge for governments and emergency services globally for one year. For these organizations, which are on the frontline of combating COVID-19, this will help inform, connect and safeguard their employees, allowing them to share critical…
Africa Finance Corporation (AFC) has announced that it investing $63 million to build and operate a 60 megawatt (MW) wind farm in Djibouti, the Lagos-based development financier said. Established in 2007 by West African states such as Nigeria and Ghana to invest in infrastructure projects across the continent, AFC has a balance sheet…
First City Monument Bank (FCMB) has expanded its monthly knowledge-sharing event, EPIC Hour to include a pitching component known as EPIC Pitch. EPIC Pitch is designed to help budding entrepreneurs get quality product feedback, funding, partnerships, etc by exposing their tech startups to top players in the ecosystem, venture capitalists, investors and potential…