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Nigerian Insurance Sector Poised for Transformation With N600bn Capital Injection as Reform Bill Nears...
The Nigerian insurance industry is set to undergo a transformative phase, with insurers projected to inject approximately N600 billion in fresh capital to meet...
Sankore: UK, Ghana and Nigeria Partner to Launch £1.9m Science, Tech & Innovation Initiative
The UK Foreign, Commonwealth & Development Office (FCDO) has partnered with Nigeria’s Federal Ministry of Innovation, Science & Technology (FMIST) and Ghana’s Ministry of...
BYD Hits Record $107bn Annual Revenue for 2024, Cementing Its Position Ahead of Tesla
Chinese electric vehicle giant BYD has widened its lead over Tesla, reporting record-breaking annual revenue of 777 billion yuan ($107 billion) for 2024.
This figure...
African Fintech enza Secures $6.75M Seed Funding to Drive Payment Innovations Across Africa
enza, an African fintech platform, has successfully secured a $6.75 million seed equity investment co-led by Algebra Ventures and Quona Capital.
This funding marks enza’s...
UBA Posts N766.5bn Profit After Tax in 2024, Spurred By T-bills, FX Windfall And...
United Bank for Africa (UBA) has announced its audited financial results for the full year ended December 31, 2024, reporting a post-tax profit of...