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Digital Encode Warns of Rising Cybersecurity Threats in Nigeria
Nigeria is experiencing a growing wave of cybersecurity breaches, prompting renewed concerns about the country’s digital safety and resilience. In response to the increasing threats, cybersecurity firm Digital Encode has issued an urgent advisory highlighting widespread security weaknesses affecting both organizations and individuals across various sectors. As digital transformation accelerates in Nigeria, more businesses and…
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Berkshire Asset Management Expands Fund Services in Nigeria
Berkshire Asset Management Limited is strengthening its position in Nigeria’s financial services sector with a renewed focus on delivering world-class fund management solutions. The firm aims to enhance investment opportunities for individuals and institutions while contributing to the continued development of Nigeria’s capital market. As Nigeria’s economy evolves amid shifting macroeconomic conditions, demand for professional…
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Ecobank Launches Nature Bond for Africa
Ecobank Group has unveiled the world’s first Nature Bond, a groundbreaking financial instrument designed to mobilize international investment for the protection and restoration of Africa’s natural ecosystems. The initiative marks a significant milestone in sustainable finance, demonstrating how capital markets can be leveraged to address pressing environmental challenges while supporting economic development across the continent.…
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Nigerian Market Sell-Off Erases Trillions in Investor Wealth
Nigeria’s stock market has experienced a sharp downturn, wiping out more than N5 trillion in investor wealth since the beginning of June. The significant decline has raised concerns among market participants as selling pressure continues to weigh heavily on major stocks across key sectors. The recent market slump reflects a combination of profit-taking activities, economic…
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Esca Finance Accelerates Africa Payments Network
Esca Finance has partnered with MANSA, a fintech company backed by stablecoin issuer Tether, to accelerate cross-border payment settlements across Africa. The collaboration is aimed at solving one of the continent’s most persistent financial challenges: slow and costly international transactions. Businesses operating across African markets often face delays when moving funds between countries. Traditional banking…
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Uber Expands Electric Motorbike Push in Kenya
Ride-hailing giant Uber is accelerating its push into sustainable transportation by seeking to double its fleet of electric boda bodas in Kenya. The move reflects the company’s broader commitment to reducing carbon emissions while addressing the rising cost of fuel and vehicle maintenance faced by riders across the country. Boda bodas, or motorcycle taxis, are…