The Federal government has declared two days, Wednesday, June 28 and Thursday, June 29, 2023, as public holidays for this year’s Eid-El-Kabir. A statement signed by the Permanent Secretary in the Ministry of Interior, Ms Oluwatoyin Akinlade, said Muslims and all Nigerians were charged by the government to make sacrifices for the growth and development of the country. While felicitating with the Muslim Ummah at home and in the diaspora,” the government expressed hope that “the prayers and sacrifices that come with this great celebration, as well as the message of Eid-ei-Kabir, will bring about peace, unity and progress in…
Author: Elvis Eromosele
The number of customers under the 11 licensed Electricity Distribution Companies (DisCos) in Nigeria increased from 11.06 million in the fourth quarter of 2022 to 11.27 million in the first three months of 2023. This is according to the National Bureau of Statistics (NBS) in its Nigeria Electricity Report for Q1 2023 which showed an increase of 1.89 per cent. The report focuses on energy billed, revenue generated, and customers by Discos under the reviewed period. The report said on a year-on-year basis, customer numbers in Q1 2023 increased by 5.99 per cent from 10.63 million reported in Q1 2022 to 11.27…
Ovigho Richard Okojevoh The 21st century led to an increase in what we call lifestyle diseases like diabetes, hypertension, obesity, and kidney failure. Some of it has to do with choices we made, coming after the 80s and 90s with SAP and economic deprivation, we now had a better economy in the 21st century, and because of that, we could not afford certain things that were once out of our reach, like soft drinks, which used to be taken on Sundays or special occasions. Such drinks became staples taken after almost every meal instead of water, and sugar-infused fruit drinks…
Last Thursday, Technext hosted the second edition of the Convo in Lagos. With the theme “Maximizing for geometric growth”, the event featured a fireside chat with Olu Akanmu, the president and co-CEO of Opay and Kehinde Ogundare, the country manager for Zoho in Nigeria. The event had in attendance over 70 startup founders, top company executives, and stakeholders in the Nigerian tech ecosystem. Both speakers, Olu Akanmu and Kehinde Ogundare shared valuable insights from years of leading businesses and maximising resources to grow and scale exponentially. Technext Convo was designed to be an exclusive event for key stakeholders in select…
Sunil Mittal, Chairman, Bharti Airtel, on Monday, said it has so far invested $4 billion into the Nigerian economy since the company began operations in the country. Mr Mittal disclosed this while speaking to State House Correspondents after he met with President Bola Tinubu on Monday. “We are already investing about $400 million a year in Nigeria, which has been going on for the last many years, and that will continue. That is business as usual. We have invested just under $4 billion since the time we came into Nigeria,” he said. He further disclosed that the company is willing…
The Manufacturers Association of Nigeria says the country’s shortage of electricity supply has been identified as a hindrance to the profitability of manufacturers with an annual economic loss valued at about N10.1tn, about two per cent share of the country’s Gross Domestic Product. MAN noted that the unfavourable situation has positioned the country among the worst countries to do business with a rank of 171 out of 190. The manufacturers made the claim in a statement in which it reacted to the assenting of the Electricity Bill by President Bola Tinubu. According to MAN, the current power supply is inadequate…
Jed Eromosele “Where do we find the next 50 million clients?” Wondering who’s asking this question? Well, every member of Nigeria’s Payment Ecosystem. From old banks with roots dating back to before independence to newer fintechs springing up with desires to make a difference and some money. And really, they have good reasons to ask these questions. Payment systems around the world are evolving fast and the industry players in Nigeria can tell that they need to step up their game. Everyone needs to innovate, get better and provide improved and more conducive payment ecosystems and platforms. They need to…
Flour Mills of Nigeria (FMN) has commissioned the solar-powered clean water plant financed for the Gbaji-Yeke Community, Badagry, Lagos. The milestone was achieved in partnership with the Lagos State Government under One Community At A Time project (OCAAT), which aims at addressing the specific needs of grassroots communities and providing sustainable solutions.Speaking at the commissioning ceremony, Group HR and Services Director FMN, Wale Adediran, expressed enthusiasm at the project and its transformative impact on the Gbaji-Yeke Community, noting that the initiative exemplifies the company’s commitment to community development, sustainable practices and positively impacting the lives of Nigerians.“Access to clean water…
Flutterwave, Africa’s leading payments technology company, has announced a strategic partnership with Audiomack, music-streaming and discovery platform. This collaboration enables Audiomack to provide premium music experiences and unlock new features for its customers and artistes for a fee. With a strong presence in almost all 54 countries on the African continent, Audiomack has become the go-to platform for artists, tastemakers, labels, and fans seeking to explore and share music from diverse African cultures. Since its inception in 2012, Audiomack has been committed to supporting the African music scene, opening a Lagos office, and expanding its reach in 2021 in key…
Google for Startups (GfS) has announced the 25 African-based startups selected for this year’s $4 million Black Founders Fund. The Black Founders Fund, now in its third year, aims to help tackle systemic racial inequality in venture capital (VC) funding by providing equity-free grants and mentoring to early-stage Black-led high-growth businesses across Europe and Africa. The selected cohort of 40 startups from Europe and Africa, includes 25 African startups that embody the diverse entrepreneurial spirit across the African continent. Startups led or co-founded by women make up 72 per cent of the group, highlighting the role women play in shaping…