PalmPay, a fast-growing Nigerian digital bank, has announced a major milestone, revealing that it processed 15 million transactions daily during the first quarter of 2025. The announcement was made at …
Security
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Banking, Finance & InvestmentBusinessDigital EconomyFintechNigeriaSecurityTechnology
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Digital EconomyGOVERNMENTNigeriaSecurityTechnologyTrade and Commerce
Galaxy Backbone, Nigeria Customs Service Explore Strategic ICT Collaboration
Galaxy Backbone Limited has shown interest in working closely with the Nigeria Customs Service (NCS) to improve digital systems that will help Customs carry out its work more efficiently. The …
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AfricaDevelopmentSecurityTransportation & Logisitics
MOWCA, AfDB Plan Red Sea Vessel Diversion, Dry Dock Projects to Boost West and Central Africa Maritime Trade
To strengthen maritime trade across Africa and respond to growing global shipping challenges, the Maritime Organisation of West and Central Africa (MOWCA) and the African Development Bank (AfDB) have announced …
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AFRICA NEWSEconomyEnergyEnvironmentEthiopiaFinance & ServicesKenya NewsMarketsPoliticsSecurityTANZANIAUGANDA
African Markets Update: Key Events and Economic Signals
African markets are navigating a busy day of economic indicators, political developments, and global trends on Thursday, May 8, 2025. From court decisions in Côte d’Ivoire to monetary policy announcements …
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BusinessBusiness InsightsBusiness PoliciesEconomyEnergyInfrastructureNigeriaOil & GasSecurity
Seplat Energy to Boost Gas Supply to Nigeria LNG by 12% Amid Pipeline Challenges
igeria LNG Limited is set to receive a major boost in gas supply as Seplat Energy has entered into a new preliminary agreement to supply over 150,000 tons of gas …
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AfricaAFRICA NEWSBusinessBusiness InsightsEnvironmentInfrastructureNigeriaOil & GasSecurity
Oil Spill Halts Operations on Okordia-Rumuekpe Pipeline in Rivers State
Renaissance Africa Energy Company Limited has confirmed that it has stopped crude oil transportation through its Okordia-Rumuekpe pipeline in Rivers State after an oil spill was discovered in Ikata community, …
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Banking, Finance & InvestmentBusinessBusiness InsightsFintechNigeriaSecurityTechnology
Accion Microfinance Bank Gets Global Certification for Card Payment Security
Accion Microfinance Bank has achieved a major milestone in digital security by earning the Payment Card Industry Data Security Standard (PCI DSS) certification under the latest version 4.0.1. The certification …
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DevelopmentEconomyEnvironmentGOVERNMENTNigeriaSecurityWestern Africa
Federal Government Shuts Down Illegal Mining Site in Kaduna Using Peaceful Strategy
The Federal Government has shut down an illegal mining site located in Damau, Kubau Local Government Area of Kaduna State. This operation was carried out by the Mining Marshals under …
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AFRICA NEWSAgricultureDevelopmentEconomyInfrastructureINVESTMENTNigeriaPoliciesSecurity
LCCI Projects $538m Yearly Agro-Processing Investment for Nigeria’s Growth
The Agricultural and Allied Group of the Lagos Chamber of Commerce and Industry (LCCI) has said Nigeria must invest at least $538 million every year for 10 years to grow …
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Banking, Finance & InvestmentBusiness PoliciesEconomyFinance & ServicesNigeriaPoliciesSecurityTechnology
Over 70 Million Contactless Cards in Nigeria Remain Idle Over Fear of Fraud, Lack of Trust
More than 70 million contactless debit cards given to Nigerians by banks are still not being used, mainly because many Nigerians do not trust the technology. Even though the cards …