Nigeria’s leading edutech company, ProjKonnect, has unveiled its digital educational app, aimed at facilitating personalized learning for students and young professionals. The launch of the ProjKonnect App seeks to revolutionize the Nigerian educational landscape by promoting accessibility and innovation. This initiative is geared towards cultivating a new generation of Nigerian youths, particularly university students, equipped […]

The Central Bank of Nigeria (CBN) has resolved all $7 billion worth of foreign exchange (forex) backlog inherited by Governor Yemi Cardoso. Mrs. Hakama Sidi Ali, acting director of Corporate Communications at the Central Bank of Nigeria (CBN), confirmed the settlement of all valid forex backlog claims in a statement. She clarified that Deloitte Consulting, […]

Access Bank has announced its acquisition of National Bank of Kenya Limited, a subsidiary of KCB Group. In a statement released today on its social media platforms, LinkedIn and Twitter, Access Bank emphasized its focus on enhancing economic growth and prosperity across borders by strengthening Nigerian-Kenyan businesses. The bank views the acquisition as a catalyst […]

Dr. Wunmi Bewaji, a securities and financial regulation expert, has indicated that the current momentum of Nigeria’s naira against the dollar is expected to endure. He further forecasted a potential rapid decline in the value of the dollar in the upcoming weeks. Dr. Bewaji shared these insights while speaking with a correspondent from TECHECONOMY, highlighting […]

The naira saw a consistent rise against the United States dollar on Thursday, gaining N18 to reach 1,382/$ at the official market. This appreciation in the naira’s value followed significant gains recorded by the local currency in both the official and parallel foreign exchange markets a day earlier, with a closing rate of N1,400/dollar on […]

After three consecutive days of bearish trading, the Nigerian Exchange (NGX) saw a N74bn increase in value on Thursday. During the previous three days, the equity market experienced a downturn, losing N469bn due to sell-offs. The All-Share Index rose by 0.13%, reaching 104,387.47 points, while the market capitalization climbed to N59.02tn, pushing the bourse’s year-to-date […]

Aliko Dangote, Africa’s wealthiest individual, has amassed a net worth totaling $15.3 billion, as per data compiled from the Bloomberg Billionaire Index. Dangote’s fortune has experienced a remarkable surge, coinciding with the resurgence of the Nigerian naira in both official and unofficial markets. Previously, Dangote encountered a turbulent period, witnessing a substantial decline in his […]