Everything Tech and Finance News & Guides
Stanbic IBTC Holdings Plc has unveiled its Q1 2024 financial report, revealing remarkable growth in profits and income compared to the same period last year. The report highlights a substantial increase in pre-tax profit, driven primarily by a surge in interest income and robust performance across various segments.
The Nigerian government announces a significant initiative to support the country’s economy, earmarking N200 billion to aid small businesses and manufacturers. Minister Doris Uzoka-Anite reveals the plan’s details, emphasizing the allocation of funds and the application process.
PayPal is teaming up with Energy Web and DMG Blockchain Solutions to reward Bitcoin miners who use clean energy. Their plan gives special rewards to miners who use sources like wind or solar power. This aims to make Bitcoin mining more eco-friendly and fair. However, some worry about the huge amount of energy Bitcoin mining uses.
Amnesty International, alongside other civil society groups, is urging the Nigerian government to halt Shell Plc’s proposed $1.3 billion sale of its onshore oil business in Nigeria to Renaissance Africa Energy. They argue that the sale should be stopped until adequate safeguards for human rights and environmental protection are established. This call comes amidst concerns about the potential risk of neglecting existing pollution and the well-being of local communities.
In the latest report, it’s revealed that cyberattacks targeting African businesses have surged by a significant 20% in the first quarter of 2024. This alarming increase highlights the growing vulnerability of businesses across the continent to online threats. From small enterprises to large corporations, the impact of these cyber onslaughts is felt deeply, emphasizing the urgent need for enhanced cybersecurity measures to safeguard against future attacks.
In a bold move aimed at safeguarding Nigeria’s economy, EFCC warns against illegal dollarization in Nigeria. The agency’s crackdown on currency trading in Nigeria’s economy intensifies, with recent arrests and calls for legislative support for anti-corruption efforts. Know more.
MultiChoice Shows Growing Interest in Canal+ Buyout Amidst Increased Share Acquisition. Learn more.
Federal Government, through the Ministry of Communications, Innovation, and Digital Economy, has unveiled 10 promising startups selected for the N10 million 4IRTA grant. This initiative, aimed at propelling innovation in the realm of Fourth Industrial Revolution (4IR) technologies, attracted applications from across the country, showcasing the depth and diversity of Nigerian entrepreneurial spirit. The chosen … Read more
Niger State in Nigeria witnessed a major boost to its energy landscape today as the concessionaire, Mainstream Energy Solutions Limited (MESL), officially commenced operations at the Zungeru Hydropower Plant. This $1.3 billion behemoth, facilitated from China, perched on the Kaduna River, marks a significant milestone in the country’s quest for improved power generation and distribution. … Read more
In a bid to reinvigorate growth and boost its sagging share price, payments giant PayPal is venturing into the world of artificial intelligence (AI) with a suite of new products. This marks the first major strategic move under Alex Chriss, who took the helm as CEO in September 2023. Chriss, a veteran of the financial … Read more