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Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

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Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

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SEC DG: Digital Assets Represent $10tn Opportunity by 2030

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

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Governors, NCC Set for Broadband Awareness Forum Oct 20

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VerveLife 5.0 Gears Up for Nairobi, Lagos Events

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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Capital Market

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The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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Sovereign Trust Insurance Celebrates 2025 Customer Service Week

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African Developers Thrill at Facebook’s F8 Conference

Facebook announced at its annual F8 developer conference held in San Francisco on 12 and 13 April, that the company partnered with many African developers to launch products for the global market. Facebook, with its global reach and scale, is including African developers in its beta testing programme for the launch of new global products and features as it increases its presence and deepens its partnerships on the continent.

F8 hosts more than 2,600 people and hundreds of thousands of people watching via Facebook Live for two days of new products, tools, interactive demos and speakers to help developers build, grow and monetise their apps. And, more than 70% of Facebook’s developer partners are located outside the United States and about a third of the attendees at F8 joined us from abroad.

“We believe that local entrepreneurs and developers will be the ones to meet the needs of their immediate community, and we are working with developers to know how we can support them in doing so,” says Emeka Afigbo, Strategic Product Partnerships Manager at Facebook.

“We are listening to our developer partners in Africa, and the strong showing for F8 is a reflection of our commitment to doing more with our partners across the continent to help them build products and businesses.”

African developers who partnered with Facebook to launch products at F8 include Afrinolly (Entertainment, Nigeria), GumTree South Africa (Classifieds, South Africa), vZikoko (Entertainment, Nigeria), Jobberman (Jobs, Nigeria/Ghana), The Net (Entertainment, Nigeria) and My Music (Media, Nigeria).

In addition, this year Facebook brought F8 to developers around the world through F8 Meetups hosted with tech hubs around the world. In Africa, we hosted F8 Meetups in Nairobi, Lagos, Cape Town and Morocco where participants watched the sessions in San Francisco.

Two developer teams from Malawi won a developer challenge supported by mobile operator TNM Malawi and Facebook, and were featured on F8’s international stage.Maternitech, founded by three 22-year olds – Walter Moyo, Thandie Magasa, and Daniel Mvalo, provides educational information aimed at combating Malawi’s high under-18 pregnancy rate. The team was featured in an international livestream interview.

Talk To Me, an app created by 10-year old Panashe Jere, who learned to code at a Coding for Kids session at Malawi Hub. This app converts input text into voice so children always have someone to talk to.

Both teams were congratulated by Mark Zuckerberg and Sheryl Sandberg personally for their achievements.

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Topics

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‘Cost of Finance Too Expensive in Africa’

“I would say the biggest challenge companies face is the cost of finance. Funds are very expensive in Africa,” says Jonty Levin, a Partner at financial advisory and structuring specialist, Alkebulan. There are two main reasons why the cost of finance generally remains high across the continent, according to Levin. One is the perceived risk associated with investing in African companies, and another is the shallow financial markets, where limited supply is rationed through higher costs.

Sanlam Life Rewards Sales Champions, Holds Customers’ Forum

  Tunde Mimiko Managing Director/CEO Sanlam Life Insurance Nigeria Limited As part of...

Emirates’ Exclusive Agreement with Dom Pérignon Champagne

As the only airline with an exclusive agreement to...

Tinubu Approves N16.7bn for Reconstruction of Mokwa Bridge in Niger State

President Bola Tinubu has approved the release of N16.7...
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