Business

The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has outlined Nigeria’s strategy for converting growing digital demand into sustainable investments in data centres and critical technology infrastructure. Inuwa spoke at the ITW Data Cloud Africa 2026 panel, “Converting Digital Demand into Data Centre Investment,” alongside industry leaders from Digital Realty Nigeria, Equinix, Africa Hyperscalers and Oracle.…

Nigeria is inviting global technology companies and local developers to invest in its digital infrastructure as it seeks to become West Africa’s leading cloud hub. Speaking at ITW Data Cloud Africa 2026, NITDA Director-General Kashifu Inuwa Abdullahi said the government plans to provide regulatory certainty, create demand and build a sovereign cloud ecosystem serving Nigeria and the wider region. He…

Flutterwave has announced that it is providing digital payment infrastructure to enable Nigerians at home and abroad to participate in the initial public offering (IPO) of Dangote Petroleum Refinery and Petrochemicals. The payments technology company said retail and diaspora investors can fund their share subscriptions digitally through Chapel Hill Denham’s subscription platform, building on its experience facilitating payments for MTN…

By Olatomiwa Osho  The Lagos State Government has launched a five-day digital skills training programme for youths in Badagry and Ikorodu to enhance their employability, entrepreneurship and readiness for a technology-driven economy. The Eko Digital Training Programme, which runs from September 7 to 11, 2026, is being organised by the Ministry of Tertiary Education at the Badagry Division Iba ICT…

The equities  market section of the Nigerian Exchange Limited (NGX) commenced the new week on a positive  note, with market capitalisation crossing the historic N160 trillion threshold  . The surge was driven by the listing of 8.09 billion new ordinary shares of Dangote Sugar Refinery on the Exchange, boosting investor confidence and trading activity. The NGX All-Share Index (ASI) gained…

The Securities and Exchange Commission(SEC) has approved the launch of the IPO, with the company stating that the offering paves the way for what could become one of the largest capital market transactions in Nigeria’s history.  The listing is expected to take place on September 14, according to a company official, with the signing ceremony of the Dangote Petroleum and…

After raising fresh capital to meet the insurance sector’s recapitalisation exercise, the Nigerian Exchange Limited (NGX) has admitted a total of N26.69 billion worth of  Coronation Insurance Plc and three other insurance  companies. The other insurance companies are  Sovereign Trust Insurance Plc, Sunu Assurances Nigeria Plc,  and Regency Alliance Insurance Plc.  After a successful Private Placement,  Coronation Insurance listed N9.79…

FairMoney Microfinance Bank, a CBN-licensed digital financial institution in Nigeria, has announced that it has surpassed 30 million registered users in the country, marking a significant milestone in its mission to make financial services more accessible to Nigerians. This milestone represents more than growth. It reflects the growing number of Nigerians choosing FairMoney for their everyday financial needs Today, millions…

Sterling Financial Holdings Company Plc after a successful private placement has listed  an estimated N10.29 billion worth of shares on the Nigerian Exchange Limited (NGX).   According to an announcement on NGX, the private placement of 2,573,080,294 ordinary shares of 50 kobo each at N4.00 per Share of the holdings financial institution was admitted. Trading Licence Holders are hereby notified that…

….move to accelerate Nigeria’s digital economy On the sidelines of GITEX Nigeria, the National Information Technology Development Agency (NITDA) and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) signed a Memorandum of Understanding (MoU) to accelerate Nigeria’s digital transformation, foster innovation and empower businesses. NITDA Director-General, Kashifu Inuwa, and NACCIMA Director-General, Engr. Olusola Obadimu, signed the…