Access Bank’s Executive Director of Technology and Operations, Mr Ade Bajomo, has been appointed the new President of the FinTech Association of Nigeria (FintechNGR). This was first announced during FinTechNGR’s virtual Annual General Meeting held recently. Prior to his appointment as President, FinTech Association of Nigeria (FintechNGR), Ade Bajomo served as the Vice President of …read more →
Month: November 2020
European Commission Commits €54 Million for Sustainable Transport Infrastructure
The European Commission has announced €54 million in funding for sustainable and safe transport infrastructure in Europe. Five projects have been selected to receive funds under the Connecting Europe Facility’s (CEF) Transport Blending Facility rolling call, an instrument that is used to mix EU and private financing. Dirk Becker, Director of the Innovation and Networks Executive Agency (INEA) …read more →
FEC Approves Completion of Oyo-Ogbomosho Road
The Federal Executive Council has approved the Revised Estimated Total Cost (RETC) for the completion of the on-going Oyo-Ogbomoso Road. The decision of the Council was announced in a tweet by the Minister of Youth and Sports, Sunday Dare. The road which was awarded in February 2001 by the administration of former President Olusegun Obasanjo was supposed to …read more →
East African Bloc Launches Cross-Border Infrastructure Development Strategy
The Inter-Governmental Authority on Development (IGAD) on Monday launched a cross-border infrastructure development strategy to realize inclusive prosperity in the greater horn of African region through seamless movement of goods and services. Workneh Gebeyahu, IGAD executive secretary, said the strategy that is domiciled in the Horn of Africa Initiative (HOAI), aims to develop modern infrastructure …read more →
Fidelity Bank Posts Impressive 9 Months Results As Profits Hit 21.3bn.
Fidelity Bank Plc has continued to sustain its impressive run of financial performance with the strong 3rd quarter results for the year, released Monday at the Nigerian Stock Exchange (NSE). Details of the results show improvements in key indices though Gross Earnings dropped marginally by 3.7% from N161.1bn in 2019 to N155bn. Profits were however up by …read more →
Access Bank Backs Kunle Afolayan’s ‘Citation’ on Sexual and Gender-Based Violence Issues
As part of its efforts to address Sexual and Gender-Based Violence (SGBV) in Nigeria, one of Nigeria’s leading financial institution, Access Bank PLC has partnered with award-winning film producer and director, Kunle Afolayan, on his new movie ‘Citation’. In recent years, conversations around gender equality and violence against women have become mainstays in our society. …read more →
TETFUND to Spend N10bn on ‘Critical Infrastructure in Abuja University
The Tertiary Education Trust Fund (TETFUND) says it will spend N10 billion to develop “critical infrastructure” at the University of Abuja.. Speaking during an interactive session with the management and students of the university, Tetfund Chairman, Kashim Ibrahim-Imam, said the funds will be used for the construction of a new senate building, a 1,000 capacity …read more →
MTN Nigeria, 9Mobile to Test Run E-SIM as NCC Grants Approval
Nigeria’s telecoms industry regulator, Nigerian Communications Commission (NCC) has granted approval for two mobile network operators (MNOs), MTN Nigeria and 9Mobile, to carry out trial on the workability of embedded Subscriber Identification Modules (e-SIM) Service in the country. In a statement signed by its Director of Public Affairs, Ikechukwu Adinde, NCC said the trial, approved …read more →
Cloud Infrastructure Revenue Grows 33% This Quarter to Almost $33bn
The cloud infrastructure market kept growing at a brisk pace last quarter, as the pandemic continued to push more companies to the cloud with offices shut down in much of the world. The big three — Amazon, Microsoft and Google — have all reported their numbers and, as expected, the news was good, with revenue growth of …read more →
Sanwo-Olu Flags Off Reconstruction of Ibeju Lekki-Epe Highway
Lagos State Governor, Mr. Babajide Sanwo-Olu, rolled out a major infrastructural overhaul in the Epe Division of the State, flagging off the reconstruction of Eti Osa-Lekki-Epe Expressway 40 years after. The Governor flagged off the first phase of the road project on Sunday at a ceremony held at the Pan African University in Eleko, Ibeju …read more →