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Business news

DLM Capital Group’s AAA-Rated Sovereign Bond-Backed Composite Notes (“SBCNS”) Strengthens Investor Confidence with Successful First Principal & Interest Payment

Foremost Development Investment Bank, DLM Capital Group has reinforced its position as a leader in innovative fixed income solutions with the successful payment of the first principal and interest (coupon) to investors under its Sovereign Bond-Backed Composite Notes (“SBCNs”) issuance. This milestone, alongside the consistent delivery of quarterly performance reports, underscores the Group’s commitment to […]

Telecom

AU Sees AI Adoption Evolving to Boost Economic Growth in Africa

Africa’s financial services sector is entering a new era of artificial general intelligence (AGI), as the adoption of artificial intelligence (AI) on the continent evolves to boost economic growth. This was the word from Lavina Ramkissoon, ambassador representing the African Union for the East, North and South of the continent, speaking last week during the […]

Telecom

Airtel Africa, Starlink Mobile Data and Messaging Testing Take off in Kenya

Airtel Africa and SpaceX have commenced the successful testing of data and messaging services with Starlink Mobile in Kenya, in a significant step towards bringing satellite-to-mobile connectivity to millions of people across Airtel Africa’s 14 markets. The testing was done in “no connectivity” areas – locations where terrestrial mobile networks did not have a signal. […]

Telecom

Qualified Cybersecurity Staff Shortage Among Key Obstacles in Curbing Supply Chain Risks

A new global Kaspersky study has identified the lack of qualified IT security workers and the need for global organisations to prioritise various security tasks to mitigate the risk of supply chain and trusted relationship attacks. Both factors are cited by nearly half (42%) of the respondents. Kaspersky’s recent study* on supply chain and trusted […]

Business news

DLM SPV PLC Lists ₦9.00bn AAA-Rated Medium-Term Notes on FMDQ Exchange, Sets Benchmark in Corporate Bond Market

FMDQ Securities Exchange Limited (“FMDQ Exchange” or “the Exchange”) has approved the listing of DLM SPV PLC’s ₦7.30 billion Series 1 (Tranche A) and ₦1.70 billion Series 3 (Tranche B) Plain Vanilla Returns Sovereign Bond-Backed Composite Notes under its ₦30.00 billion Medium-Term Notes Programme.  This approval by the Exchange’s Board Listings and Markets Committee reinforces FMDQ Exchange’s position as […]

General News

NITDA Reaffirms Commitment to Advancing Creative Economy with Digital Initiatives

Aligning with the current administration’s focus on diversifying the economy through industrialisation, digitisation, creative arts, and manufacturing, the National Information Technology Development Agency (NITDA) has reaffirmed its commitment to advancing Nigeria’s creative and arts industry through targeted digital initiatives, enabling regulations, and strategic infrastructure development aimed at unlocking the sector’s full economic potential. Speaking at […]

Fintech

Luno Launches Nigeria’s First Crypto Prediction Market

Luno, an Africa-founded global exchange, has launched a structured Crypto Prediction Market, ushering in a new chapter for Nigeria’s cryptocurrency market. This platform enables users to forecast short-term price fluctuations of key cryptocurrencies, such as Bitcoin , Ethereum , Solana, Dogecoin, Ripple, and earn USDC payments when when their predictions are accurate. Powered by Limitless, […]

News

Quest Merchant Bank Named Transaction Advisor for Nigeria’s Landmark Project BRIDGE Digital Infrastructure Initiative

Quest Merchant Bank has been appointed as Transaction Advisor for Project BRIDGE (Broadband Infrastructure Development for Digital Economy), a flagship national broadband initiative led by Honourable Minister, Federal Ministry of Communications, Innovation and Digital Economy (FMCIDE), Dr. ‘Bosun Tijani. Project BRIDGE is a strategic digital infrastructure initiative designed to significantly expand Nigeria’s fibre-optic infrastructure and […]

Business news

Nigeria, UK Sign £746M Landmark Ports Deal

Thousands of skilled UK and Nigerian jobs will be supported and hundreds of millions invested into the economy as a historic financing deal was signed yesterday between the UK and Nigeria. The £746 million sum will be used to support the refurbishment of two of Nigeria’s major national maritime infrastructure facilities located in Lagos, the […]

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