The company says it has produced 100 prototypes to get feedback from users in Nigeria. Innoson Vehicle Manufacturing Comapany (IVM) says it is diversifying into the production of tricycles, in …
Radarr Africa Business Desk
Radarr Africa Business Desk
The Radarr Africa Business Desk reports daily on companies, markets, banking, energy, technology and policy across Nigeria and Africa. Stories are reviewed and edited by The Radarr Africa Editorial Team in Lagos. Story tips and corrections: business@radarr.africa.
- BusinessManufacturing & Consumer GoodsPress OfficePress ReleasesTransportation & LogisiticsWestern Africa
Seplat Energy Plc has announced the appointment of Basil Omiyi as its new independent non-executive chairman. Mr. Basil Omiyi replaces A.B.C Orjiakor whose tenure ended Wednesday. According to a notice …
- EnergyOil & GasPress ReleasesTrending TodayWestern Africa
Total Energies launches sale of stake in Nigerian joint venture
French oil major TotalEnergies has launched a sale of its minority stake in a Nigerian oil joint venture. A document tendering for interest showed that the oil firm appointed Canada’s …
- Banking, Finance & InvestmentBusinessInformation & TechnologyPress ReleasesWestern Africa
MTN’s MoMo Payment Service Bank sets to begin operations in Nigeria
MoMo Payment Service Bank (PSB), the fintech subsidiary of MTN Nigeria Plc has commenced commercial operations in Nigeria. The telecom giant notified its shareholders and the investing public of the …
- Banking, Finance & InvestmentBusiness PoliciesWestern Africa
Panic as banks plan downsizing over rising operating costs
There are palpable fears of job loss in the financial sector as banks move to contain rising high operating costs.In the first quarter of the year, the cost of diesel …
- AirtelBanking, Finance & InvestmentBusinessTechnologyTelecommunicationsWestern Africa
SmartCash, Airtel’s Payment Service Bank commences operations in Nigeria
Airtel Africa Plc has announced that its payment service bank subsidiary, SmartCash has commenced operations in Nigeria. This was disclosed in a statement signed by the company’s secretary, Simon O’Hara …
The Head of Commercial Section/Commercial Counsellor, Lagos US Consulate, David Russell, yesterday, stated that the current visa environment between Nigeria and the United States of America was the biggest limiting …
- Information & TechnologySouth Africa
Joburg’s pothole patrol app gets 28,000 reports, fixes100,000 potholes a year
The Pothole Patrol has repaired just over 100,000 potholes in Johannesburg in the course of one year. The joint initiative saw two insurance companies, Dial direct and Discovery Insure, partner …
- AfricaFinance & Services
EFG Hermes Recognized by the Financial Times and Statista as one of Africa’s Fastest Growing Companies in 2022
EFG Hermes Holding, the leading universal bank in Egypt and the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that it has been featured on the Financial …
- Finance & ServicesInformation & TechnologyWestern Africa
Mastercard and OPay announces strategic partnership to grow cashless ecosystem and advance digital financial inclusion for millions
Partnership will enable OPay customers to pay on global online platforms backed by Mastercard’s secure Mastercard virtual payment solution linked to the OPay wallet · OPay consumers will …