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A federal high court in Abuja has mandated Binance Holdings Limited to furnish the Economic and Financial Crimes Commission (EFCC) with detailed information regarding all Nigerian users trading on its platform. The court’s decision stemmed from various concerns, including allegations of money laundering and terrorism financing purportedly conducted through Binance. There have been reports indicating […]

The Nigerian National Petroleum Company (NNPC) Ltd has reaffirmed its dedication to leveraging Nigeria’s abundant gas resources to stimulate the country’s industrialization and economic growth. Mrs. Oritsemeyiwa Eyesan, NNPC Ltd’s executive vice president for Upstream, made this assertion during a Panel Session at the ongoing 2024 CERAWeek Conference in Houston, the United States on Tuesday. […]

Paradigm Initiative has urged immediate action from the National Identity Management Commission (NIMC) following a significant privacy breach involving unauthorized access to citizens’ data through XpressVerify.com. In correspondence with TECHECONOMY, the Civil Society Organization (CSO) highlighted that the breach violates both the National Data Protection Act (NDPA) and citizens’ constitutional right to privacy. It’s deemed […]

Mr. Olalekan Ogunleye, the executive vice president, Gas, Power and New Energy, Nigerian National Petroleum Company Ltd (NNPC), has highlighted transparency, accountability, research, technology, and innovation as pivotal drivers of the ongoing transformation within the organization. Ogunleye revealed this during a panel session hosted by NNPC Ltd at the 2024 CERAWeek Conference in Houston, United […]

The future of four outstanding students is brighter as they have secured scholarship opportunities through Paradigm Initiative’s (PIN’s) Ajegunle Legacy Project to further their studies. The winners were revealed following a thorough screening process conducted by the organization over a span of four months. They were honored and celebrated at Paradigm Initiative’s headquarters in Lagos, […]

The federal government of Nigeria has announced its intention to allocate 0.5 percent of the nation’s Gross Domestic Product (GDP) to research and development in science and technological innovations. Senator George Akume, the secretary to the government of the federation (SGF), disclosed this during the opening ceremony of the 8th edition of the Technology and […]

ALX, a technology accelerator committed to nurturing innovation and entrepreneurship, has been honored with the Edtech Company of the Year award by the esteemed GAGE Awards. This prestigious accolade underscores ALX’s commitment to cultivating talents poised to drive Africa’s innovation sector forward. The GAGE Awards, Africa’s largest digital awards platform renowned for recognizing excellence and […]

In 2023, the unemployment rate in Africa was 7.7 percent, with over 1.4 billion people. This equates to 112 million Africans being without jobs, unemployed, or unable to work in traditional roles. This situation has led to the expansion of the gig economy in Africa. A survey by the Mastercard Foundation revealed that the gig […]

The Africa Fintech Summit (AFTS) has released its insightful “Nigeria Fintech Marketing Outlook 2024” report, shedding light on the current state and future direction of marketing strategies within the nation’s booming fintech industry. This first-of-its-kind report, co-authored by Charles Anijekwu and Jeremiah Ajayi, equips Nigerian fintechs with the data-driven strategies they need to acquire new […]

Ecobank has appointed several senior executives to bolster the Group’s leadership team and drive the implementation of its new Growth, Transformation, and Returns (GTR) strategy. Abena Osei-Poku has been appointed as the Regional Executive for Anglophone West Africa and Managing Director of Ecobank Ghana. Additionally, Martin Miruka has been named Group Executive for Transformation, Enablement, […]