Chartbeat Closes $7m Funding Round for Expansion

By Adedapo Adesanya The Minister of Communications, Innovation, and Digital Economy, Mr Bosun Tijani, has revealed that plans to onboard three million tech talents in Nigeria will be done in phases, starting with the training of 30,000 persons in the next three months. Appearing as one of the lead guests at Moonshoot by TechCabal, a two-day event organised by the tech publication in Lagos on Wednesday, he said his ministry would apply a 1-10-100 model, which by definition is a three-phase model. “We are using a 1-10-100-model. We are starting with 1 per cent of our 3 million target, and

By Aduragbemi Omiyale The Managing Director of Payment Processing & Switching at Interswitch Purepay, Mr Akeem Lawal, has said the company will always throw its full weight behind conversations aimed at improving the payments industry. Mr Lawal said this ahead of the 2023 annual conference of the Committee of e-Business Industry Heads (CeBIH) scheduled to take place from Tuesday, December 5, 2023, to Wednesday, December 6, 2023, in Lagos. He is one of the speakers slated to attend the event with the Managing Director of Verve International, Vincent Ogbunude; and the Managing Director of Digital Infrastructure and Managed Services at

On Wednesday, Google rolled out its Search Generative Experience (SGE) in the SSA region as an opt-in experiment in Search Labs. This AI-powered experience is available in English. With new breakthroughs in generative AI, Google is reimagining what a search engine can do and is bringing these powerful new capabilities to Search in a bold and responsible way. This powerful new technology can unlock entirely new types of questions that Search could not previously answer and transforms the way information is organized in Search to help people sort through and make sense of what’s out there. Improving Search with generative

By Modupe Gbadeyanka Shareholders of Honeywell Flour Mills Plc, a leading foods manufacturer in the country, have been assured a sustained growth in revenues through innovation and capacity expansion. This assurance was given by Chairman of the company, Dr Oba Otudeko, ahead of the 10th Annual General Meeting (AGM) of the firm scheduled for Thursday, September 26, in Lagos. In the 2019 Annual Reports and Accounts of the company, the Chairman also assured stakeholders that the future of the business would be shaped by innovation; introduction of new and unique food products whilst maintaining its commitment to increasing local content.

By Adedapo Adesanya Crude oil prices were hit on Monday as data from China reflected the impact of the 17th-month long trade war with the United States on its exports. There is no doubt that the trade spat between both countries had affected oil demand and which in turn affected prices. It has also affected exports and imports as a result of tariffs placed on goods. Following this, Brent crude, the international benchmark, which traded close to $65 per barrel last week, fell by 0.31 percent or 20 Cents to trade at $64.19 per barrel. Likewise, the US West Texas

By Investors Hub The major U.S. index futures have climbed off their worst levels of the morning but currently continue to point to a modestly lower opening on Thursday following the strength seen on Wall Street over the two previous sessions. A negative reaction to quarterly results from Morgan Stanley (MS) may generate early selling pressure, with the financial giant down by 3.7 percent in pre-market trading. Morgan Stanley is likely to see initial weakness after reporting fourth quarter earnings and revenues that came in below analyst estimates. Renewed trade concerns may also weigh on Wall Street after a report

By Modupe Gbadeyanka The Governor of Borno State, Mr Babagana Zulum, has expressed frustration over the absence of banking services in most of the local government areas of the state. According to him, two of the 27 councils of the state, Maiduguri and Biu, have banking services, noting that insecurity in the state had forced many financial institutions to flee. Speaking on Wednesday in Maiduguri, the state capital, at an extraordinary stakeholders meeting, the Governor said this issue has made it very difficult for residents of these communities to exchange their old Naira notes with the new ones, prompting him

By Modupe Gbadeyanka The Future Project in collaboration with Microsoft Nigeria has announced the call for application for accelerate the Economy through Youth in Enterprise (Accelerate LABS). Accelerate LABS is the activation of Small and Medium Scale Business Engines to accelerate economic development through enterprise development and technology. Through this intervention, the initiative will equip 2,160 youth across the six geo-political zones in the country to build socially inclined, high profit, and highly competitive enterprise capable of impacting the Gross Domestic Product (GDP) of the country. “Microsoft, through our YouthSpark initiative seeks to empower the youth population of Nigeria to

By Adedapo Adesanya  Oil prices made a recovery on Tuesday morning after crashing on Monday as a result of renewed fears. Business Post reports that futures recorded up to nine percent rise this morning as investors eye the possibility of economic stimulus despite a price war between top producers; Saudi Arabia and Russia. Prices were helped when President Donald Trump on Monday night said he would take major steps to restrain the US economy against the impact of the spreading coronavirus outbreak and will discuss a payroll tax cut with congressional Republicans on Tuesday. As at the time of writing,

By Modupe Gbadeyanka The Nigerian Stock Exchange (NSE) sustained its upward movement on Thursday for the third consecutive day with a rise of 0.46 percent. At the close of trading activities on the NSE, the market capitalisation improved by N40.4 billion to finish at N8.79 trillion, while the All-Share index appreciated by 116.85 points to close at 25,418.08 points and the YTD return at -5.42 percent. Business Post correspondent reports that a total of 18 stocks recorded price gain today compared with the 13 stocks that depreciated in price. Nigerian Breweries topped the gainers’ chart after going up by N3.14k

By Adedapo Adesanya A top financial institution, Access Bank Plc, says it has commissioned and empowered 100,000 Access Closa Agents to provide more than banking services to its existing and new customers. This was disclosed by the Executive Director, Retail Banking, Mr Victor Etuokwu in a statement in Lagos. He said that this was part of the bank’s commitment to delivering banking services to Nigerians. “With the current number of Access Closa Agents spread across the 774 Local Government Areas in the country, the bank has significantly grown access to finance and banking services to millions of previously under-banked Nigerians.