In a bold move that cements its position as a digital trailblazer on the continent, Africa’s Global Bank, United Bank for Africa (UBA) Plc, has launched the successful integration of the Pan-African Payment and Settlement System (PAPSS) into its AI-powered chatbot, LEO. With this milestone, UBA becomes the first financial
On Wednesday, the African Development Bank announced that it will provide $1.2 million in grants to help with a feasibility study on Battery Energy Storage Systems in Nigeria. This initiative aims to assess the effectiveness of these systems in conjunction with the power grid, identify appropriate business and regulatory frameworks
…seeks reduction in MPR The Lagos Chamber of Commerce and Industry (LCCI) has urged for sustainable market-driven reforms that will help prices stay stable and the economy grow. In a statement by Chinyere Almona, the director general of LCCI, it was noted that while some recent policies have helped stabilize
The CEO of FoodCo Nigeria, Ade Sun-Basorun, has urged the Federal Government to improve its support for the modern retail sector, which he believes is important for creating jobs, controlling inflation, and boosting tax income. In a recent statement, Sun-Basorun requested for more government support, stating that new data from
The Senate has urged the Federal Government to reconsider its strategy regarding the power sector, pushing for an end to the indirect profit-making of private electricity distribution companies using taxpayer money. During the meeting on Thursday, Senator Yunus Abiodun Akintunde (APC – Oyo Central), who heads the Senate Committee on
Dangote Cement Plc has launched a Farmers Empowerment Programme in Benue State, aiming to assist 50 farmers in growing both food and cash crops in large amounts. A statement from the company highlighted that this initiative supports the government’s efforts to improve food security and boost business in the area.
The Minister of Foreign Affairs, Amb. Yusuf Tuggar, has reaffirmed Nigeria’s commitment to financial inclusion and global economic empowerment. Tuggar disclosed this in statement issued on Wednesday by Alkasim Abdulkadir, Special Assistant on Media and Communications Strategy to the minister. The minister spoke against backdrop of ongoing Fourth International Conference on Financing
The World Bank has approved an extra credit of $65 million for Nigeria as part of the Sustainable Procurement, Environmental, and Social Standards Enhancement project. This new loan brings the total funding for the project to $145 million. According to the official records from the Washington-based organization, the approval was
The Centre has empowered 1,346 women at the Grooming Splash 2025 event. Grooming People for Better Livelihood Centre announced that it provided business support items to 1,346 of its members during the 14th edition of its annual Grooming Splash event, which took place recently in Lagos. Dr. Godwin Nwabunka, the
Paga Group, one of Africa’s payments and financial services companies, has launched Doroki, an innovative retail business management platform designed to help large, small, and medium-sized businesses improve their operations, reduce inefficiencies, and foster growth. Doroki’s merchant clients and industry professionals gathered in Lagos for the inaugural event, which included