Author: Staff Writer

The costs involved are some of the factors you need to consider when you’re running your own business, and there’s no doubt that there are many when you’re an entrepreneur. That’s why most business owners like yourself are constantly looking for ways to cut down on their expenses without negatively…

For their innovativeness, convenience, transparency, and security, cryptocurrency coins have become a popular asset among individual traders. But these digital assets have yet to become mainstream in the business world, which is populated by business owners who understandably have lower risk appetites compared to individuals who are more drawn to…

The Federal Inland Revenue Service (FIRS) revealed that it has partnered with a Fintech platform, e-Technologies Global Ltd.’s Sentinal National Payment Gateway to automate the administration of taxes on online gaming. This was disclosed by the agency’s executive chairman, said in an emailed statement made available to Innovation Village. The…

Elon Musk has finally officially taken over Twitter after months of drama by paying $54.20 per share, equal to about $44 billion. He had confirmed in early October that he was going ahead with the purchase in a letter by Elon Musk and his representatives. He celebrated this with a tweet on…

Gender equality is an important element of today’s world. But statistics show that only 4.8% of CEOs of large companies are women. For every $80 a woman earns, there are $100 of men’s earnings. Despite the disappointing figures, every woman can achieve great success in business. It does not matter…

We hear about innovation in every domain constantly. We have the need to innovate as the world changes and people’s needs and expectations change too. And when it comes to education, which opens new doors, innovation is needed even more. But what exactly is innovation in education? Why we need…

The Central bank of Nigeria (CBN) has announced that it is introducing newly-designed N200, N500, and N1,000 currency notes by December 2022. The statement was made by the CBN Governor, Mr Godwin Emefiele in a special briefing on Wednesday. According to him, the current Naira notes will no longer serve…

The Central bank of Nigeria (CBN) announced that it recorded 700,000 transactions worth N8 billion on eNaira platform in first year of operation. This was disclosed at the first anniversary of the central bank digital currency (CBDC) Launched in October 2021, the eNaira is a central bank digital currency (CBDC)…

Media streaming giant, Spotify, announced that it now has 195 million paying subscribers and expects to cross the 200 million mark by the end of 2022. This is an increase of 7 million since last quarter. Total monthly active users stands at 456 million with net additions reaching a record…

54gene CEO, Dr Abasi Ene-Obong has stepped down from his executive role and General Counsel, Teresia L. Bost has been appointed as interim CEO. She will be supported by Chief Operating Officer Delali Attipoe. This was confirmed today to TechCrunch by the African genomics company. This comes barely a month after VP…

Spotify announced that it is offering $100,000 to 13 creators from different parts of Africa from its new Africa Podcast Fund. The media streaming giant said in a blog post that it had “been paying close attention to the many storytellers and entertainers across the African continent and using our…

The Nigerian Communications Commission, the regulatory body in Nigeria has ordered mobile operators in the country to reverse the 10% tariff increase on the voice and data plans. By this order, MTN and Airtel are now to reverse the price increases they implemented on their respective networks some days ago…

Nigeria is set to auction two additional 5G licences which should generate $547.2 million if we go by the reserve price $273.6 million per licence as stated in the Draft Information Memorandum (IM)  The auction will be co-ordinated by the Nigerian Communications Commission (NCC). In the exercise of its functions…

The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) announced the completion of a Share Purchase Agreement (SPA) for the acquisition of 100% of the equity in Polaris Bank (‘Polaris’ or ‘the Bank’) by Strategic Capital Investment Limited (‘SCIL’) Recall that Polaris has been operating…

You may have received an email from YouTube recently advising you that it will introducing YouTube handles to make it easier for members of the community to find and connect with each other. Well this is if you have a YouTube channel. We received ours today in a email and…

FoondaMate, a South African edtech startup, announced that it has launched in Nigeria. Founded in 2020 by Dacod Magagula and Tao Laine Boyle, Foondmate supports students with their revision exercises by providing prompt answers to questions and access to revision papers, while also guiding them in responses to questions. The…

The Nigerian President, Muhammadu Buhari assented to the Nigeria Start-Up Bill, today, the 19th of October 2022. The Nigeria Startup Bill is now known as The Nigeria Startup Act 2022. The announcement was made on Twitter by Professor Isa Pantami, Nigeria’s Minister of Digital Economy on his page. According to…

A United States Agency, the U.S. Trade and Development Agency (USTDA), announced that it has awarded a total of $3 million in grants to three Nigerian healthcare firms in the country. The firms are Lily Hospitals Limited, Cedarcrest Hospitals Limited and Mobihealthcare Limited (Mobihealth). Lily Hospitals was awarded $1 million…

Tech giant Apple unveiled a new iPad Pro in two sizes – 11 inches and 12.9 inches. Both devices come with the M2 chip which is the beginning of Apple’s next generation of M-series chips. According to Apple, the M2 features an 8-core CPU — up to 15 percent faster…

Tech giant Apple has unveiled a new 10.9 inch iPad in four exciting colours –  blue, pink, yellow, and silver. The new 10th generation iPad is powered by the powerful A14 Bionic chip, advanced cameras, fast wireless connectivity, USB-C, support for the new Magic Keyboard Folio, and more. “We’re so…