Bitcoin Pulls Global Crypto Market Value Down to $2.1 Trillion

The global cryptocurrency market capitalization dropped by 2.18%, settling at approximately $2.1 trillion on Thursday amid volatile price movements that dragged Bitcoin lower.

NIMC Moves NIN Data Modifications to Self-Service Portal for Faster, More Secure Processing

The National Identity Management Commission (NIMC) has announced that National Identification Number (NIN) data modifications will no longer be handled at enrollment centres. Going forward, all updates to personal information must be completed through the NIMC self-service modification portal. The move is aimed at speeding up the process, reducing congestion at physical centers, and bolstering data security by allowing users to make changes online at their convenience.

Reasons Behind Today's Midday Decline on the Nigerian Exchange

The Nigerian Exchange is facing a midday downturn, primarily influenced by a sell-off in shares of Zenith Bank and Access Holdings, among other early decliners. Investors are taking profits on banking stocks, leading to a negative shift in the banking index for the day.

Africa Finance Corporation Makes Strong Comeback to Global Debt Capital Markets with US$500 Million Eurobond Oversubscription

Africa Finance Corporation (AFC), the premier infrastructure solutions provider on the continent, has successfully re-entered the global debt capital markets with the issuance of a US$500 million 144A/Reg S Eurobond.

ExxonMobil Expands Energy Investments and Exploration Efforts in Africa

ExxonMobil, a leading global oil and gas company, is advancing its energy initiatives across Africa, reinforcing its position as a key player in the continent’s energy sector.

African Nations to Shine at the Upcoming BRICS+ Fashion Summit in Moscow

A significant representation from African nations is set to illuminate the BRICS+ Fashion Summit in Moscow, marking it as one of the largest gatherings in the fashion industry. Delegations from over 30 countries, including South Africa, Ethiopia, Egypt, Algeria, Tanzania, Ghana, Nigeria, and Zimbabwe, will come together to share insights and experiences with key players from emerging markets. 

Emirates Resumes Daily Flights to Lagos, Nigeria

Emirates, the world’s largest international airline, has officially resumed its daily passenger flights to Lagos, Nigeria, marking a significant milestone in its global operations.

Canal+ Moves Closer to Full Acquisition of MultiChoice in R30 Billion Deal

French media giant Canal+ is on the verge of finalizing the acquisition of South African broadcaster MultiChoice in a transformative R30 billion deal. After steadily increasing its stake over recent years, Canal+ now holds approximately 45.2% of MultiChoice shares as of May 2024, positioning it just steps away from full ownership.

Africa’s Business Heroes Reveals 2024 Top 10 Finalists After First-Ever Event in North Africa

The Africa’s Business Heroes (ABH) Prize Competition, a leading philanthropic initiative powered by the Jack Ma Foundation and Alibaba Philanthropy, has announced its 2024 Top 10 finalists. The innovative entrepreneurs emerged victorious after a competitive round of Semi-Final pitches and judging, held on September 27-28 at Kamelizer Spaces in Cairo, Egypt. The event marks ABH’s first presence in North Africa, underscoring Egypt’s growing influence as a hub for entrepreneurial innovation in Africa.

Omar Farouk Ibrahim to Receive Mohammed S. Barkindo Lifetime Achievement Award at African Energy Week 2024

Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers Organization (APPO), has been honored with the prestigious Mohammed S. Barkindo Lifetime Achievement Award. The award will be presented during African Energy Week (AEW) 2024, taking place from November 4-8 in Cape Town. AEW is a premier event that recognizes the leaders and innovators driving Africa’s energy industry forward.

Origin Tech Group Pioneers Efforts to Strengthen Nigeria's Food Security

As Nigeria marks its 64th Independence anniversary, the Greener Hope Large Scale Mechanisation Agriculture Productivity Programme (GHAPP) is emerging as a vital force in addressing the country's food security challenges. The groundbreaking initiative, a collaboration between the Federal Government, the Ministries of Agriculture and Food Security, and Water Resources and Sanitation, along with Origin Tech Group, aims to revolutionise Nigeria’s agricultural sector. By providing access to modern farm machinery, reducing post-harvest losses, and boosting crop yields, GHAPP is set to transform the nation’s agriculture landscape.

WhatsApp Introduces Filters and Backgrounds for Video Calls

WhatsApp is making video calls more fun and engaging with the introduction of filters and backgrounds. Starting today, users can personalise their video calls by adding filters or changing backgrounds, allowing for a more expressive and customised experience.

Guaranty Trust Fund Managers Introduces Guaranty Trust Investment Fund 724

Guaranty Trust Fund Managers Limited (GTFML), a subsidiary of Guaranty Trust Holding Company Plc, has launched the Guaranty Trust Investment Fund 724 (Fund 724), a naira-denominated, open-ended Unit Trust Scheme approved by the Securities and Exchange Commission (SEC), Nigeria.

LG Electronics Honored as "Outstanding Refrigeration Brand of the Decade"

LG Electronics has been named the "Outstanding Refrigeration Brand of the Decade" by Marketing Edge Magazine, a recognition presented at the 2024 Marketing Edge Brands and Advertising Excellence Award ceremony in Lagos. The accolade celebrates LG's consistent innovation, sustainability, and quality in the refrigeration industry over the past ten years.

UNDP, IBM Unveil AI-Driven Tools for Energy Forecasting and Equity Modeling

The United Nations Development Programme (UNDP) and IBM have launched new interactive energy tools on UNDP's global GeoHub platform. Utilising IBM’s watsonx AI and data technology, these tools allow policymakers, community leaders, and the public to analyse energy access and equity, supporting data-driven decisions for a just energy transition.