Vodacom SA network spends R11 billion: Vodacom Group, South Africa’s biggest mobile operator, posted revenue of R11.1 billion, up 26.4%, for the year 2023. The revenue generated is only 0.5% lower than the record high of R11.17-billion in the previous…
VistaJet launches flexible charter services: VistaJet, an aviation company with over 300 jets in its fleet, has decided to extend its services to Nigeria. The company plans on providing private jet service to the upper and middle-class business components. The…
UBA Directors Acquire 27 Million Shares: Executive Directors of United Bank for Africa have been buying the company’s shares with fervor recently. Among the directors is Ugochukwu Nwaghodoh, and a Group Company Secretary, Bili Odum, who have acquired 27 million…
CrusaderSterling Pensions Limited (CPL), a leading Pension Fund Administrators (PFA), has paid out N137 billion as benefits payments to its contributors and retirees. CPL said the benefits range from lump sum, death benefits, and other approved National Pension Commission (PenCom). …
Government under pressure to stop cybersecurity levy. CBN declared the cybersecurity levy, on May 6, to empower the cybersecurity unit in the country. The policy caused a major uproar in the country and citizens called for the suspension of the…
The Nigerian Bottling Company (NBC) Ltd has revealed it has trained 1,327 young Nigerians with entrepreneurial skills for self-sufficiency. NBC stated that the training was carried out at one of its editions of the #YouthEmpowered initiative. The initiative was held…
Access Pensions has declared an impressive 70 percent surge in revenue, with turnover boosting from N7 billion in 2022 to N12.3 billion in 2023. As a result, its Assets Under Management (AUM) expanded by 25 percent to reach a significant…
The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to enforce compulsory 0.5 percent cybersecurity charges on all electronic transactions. CBN Implements Cybersecurity Charges In Financial Institutions This directive in a circular, signed by Chibuzor Efobi,…
Investing in start-ups has ensured the growth and expansion of many fintech businesses in Africa. One such start-up is Seamfix, a digital identity solution provider. Seamfix raises $4.5 million in funding from Alitheia IDF, a pioneering gender-lens fund investor. The…
It’s exciting to witness how start-ups are expanding across the African continent. BuuPass, a travel-booking start-up in Kenya, has revealed its expansion plans to other parts of the continent. BuuPass Buys QuickBus, a bus ticketing platform with operations in Nigeria…
