The Corporate Affairs Commission (CAC) is deploying an Artificial Intelligence (AI) agent to clear a backlog of 7,000 company registration applications. The new AI tool is expected to speed up services and improve efficiency. During a stakeholders’ forum in Kano, Hussaini Ishaq Magaji, SAN, CAC Registrar-General acknowledged that the recent transition to an AI-driven registration portal has faced issues, leading to a large number of pending applications. He explained that the new AI agent will handle various requests across customer service, compliance, and the registry. Additionally, the tool will manage the over 3,000 daily emails the Commission receives, helping to…
Author: Elvis Eromosele
Uber contributed an estimated ₦34 billion to Nigeria’s economy in one year, according to a new report by research firm Public First. The findings, released at the Lagos Road Mobility Summit, show the ride-hailing company’s significant impact on both drivers and consumers. The report highlights that beyond the direct economic contribution, Uber’s flexibility allowed drivers to earn an average of 34 per cent more than they would have otherwise, with a total of ₦6.1 billion in additional earnings. The study also found that Nigerians value the service’s safety and convenience, with 97 per cent of riders citing safety as a…
Fintech startup Kredete has announced that it has raised $22 million in Series A funding to scale its credit-building infrastructure and stablecoin-powered transfer services across more than 40 African countries. The round was led by AfricInvest Group, through its Cathay AfricInvest Innovation Fund and Financial Inclusion Vehicle (FIVE), with participation from Partech Partners and Polymorphic Capital. Founded to bridge financial gaps for Africans at home and abroad, Kredete has already supported millions of African immigrants in staying connected to their families through seamless remittances, card payments, and secure savings. The company’s platform has become a lifeline for many in the…
Nigeria’s voter registration drive is off to a strong start, with over 4.4 million Nigerians completing the online pre-registration process in just four weeks. The Independent National Electoral Commission (INEC) announced that as of September 14, 2025, a total of 4,445,505 people had registered online since the exercise began on August 18. The data shows that women are leading the registration effort, accounting for 51.83 per cent of all new registrants. Young people, aged 18-34, make up the largest group, representing over 65 per cent of the total. Students and business owners are the most active occupational groups. INEC noted…
Jaiye Opayemi Israel, Chief Executive Officer of Chain Reactions Africa, one of the largest public relations firms out of Nigeria, has advocated for the fusion of the regulators of advertising and public relations in the country to reflect the increasing convergence of advertising and public relations professions. Opayemi, who spoke while appearing on C-Suite Café, a podcast hosted by veteran journalist and bestselling author, Ikem Okuhu, while noting that the demands of the practice have seen PR agencies being increasingly assigned briefs which were traditional advertising projects said the fusion might help avoid possible situations where PR agencies would have…
Mark Zuckerberg has stated that Meta is ready to spend “a couple of hundred billion dollars” to ensure it stays ahead in the AI race, even if it risks overspending. On the “Access” podcast, the Meta CEO acknowledged the possibility of an “AI bubble” but said that the greater risk for the company is being too slow to embrace what he believes will be the “most important technology” in history. Zuckerberg believes that moving too cautiously could leave Meta “out of position” when artificial superintelligence arrives. He contrasted Meta’s financial stability with that of private AI companies like OpenAI, which…
By Elvis Eromosele The MediaConsortium Conference & Awards 3.0 held in Lagos this week brought together leading voices in Nigeria’s Integrated Marketing Communications (IMC) industry under the thought-provoking theme: “Defining ‘Value’ in the Modern Marketplace: Beyond Price, Quality, Experience and Ethics.” The gathering, which has become a crucial platform for knowledge sharing and industry reflection, delivered fresh insights into what truly constitutes “value” for consumers in today’s rapidly evolving business landscape. From keynote reflections to panel debates, one central message rang clear: brands that want to remain relevant must shift from chasing price wars to delivering genuine, sustainable value that…
Nvidia has announced it will purchase a $5 billion stake in rival chipmaker Intel as part of an agreement to co-develop new chips for data centers and PCs. This comes just one month after the U.S. government made a separate $8.9 billion investment in Intel. The collaboration will combine Nvidia’s expertise in AI and accelerated computing with Intel’s powerful CPUs, aiming to create more integrated platforms for the future of computing. Under the deal, Nvidia will acquire Intel shares at a price of $23.28, giving it a 4% ownership stake. While the two companies will work together on design, Nvidia…
The Nigerian government has set aside N300 billion in the 2025 budget to install solar power at federal universities and major medical institutions nationwide. The goal is to provide a reliable power supply that will improve services and operations. Abubakar Bichi, Chairman of the House of Representatives Committee on Appropriation, announced the initiative while launching the first project at Aminu Kano Teaching Hospital (AKTH). He stated that President Bola Tinubu approved the funding after discussions about the poor power supply affecting hospitals and universities. Bichi added that the project will provide AKTH with up to seven megawatts of solar power,…
The Lagos State Traffic Management Authority (LASTMA) has begun using drones to improve traffic control, security, and public safety throughout the state. This initiative, launched under Governor Babajide Sanwo-Olu, is a significant move toward modernizing the city’s traffic operations. According to Olalekan Bakare-Oki, LASTMA General Manager the drones will provide a “watershed moment” for the agency. Equipped with high-definition cameras, they will allow LASTMA to move from simply reacting to traffic issues to using real-time aerial data for more effective, intelligence-driven management. Bakare-Oki assured the public that the drones will be used ethically, with strict privacy and safety guidelines, and…