IBM exits Nigeria, Ghana, and key African markets
American technology company IBM exits Nigeria, Ghana, and other key African markets, transferring its regional functions to MIBB, a subsidiary of Midis Group, a multinational IT and telecommunications conglomerate operating across Europe, the Middle East, and Africa. This move comes as part of a new operating model that IBM will implement in
Polaris and other banks are exploring ways to comply with CBN’s new capitalization requirement
To comply with CBN’s new capitalization requirement, tier-1 banks have already raised over ₦1 trillion on the stock market while smaller banks are considering mergers and acquisitions to meet the March 31, 2026 deadline. At least three commercial banks, including Polaris and Keystone, are currently exploring potential mergers, according to
Arnold Nyendwa, the Entrepreneur Behind Africa’s First Stainless Steel Stove
Arnold Nyendwa, an entrepreneur and CEO of AFNON, has achieved remarkable success. His innovative spirit has led to the development of the Juvin stainless hybrid stove, a revolutionary product that operates on three energy sources: gas, electricity, and charcoal pellets. This stove has garnered global recognition, earning a spot among
Quickfire Questions with Arnold Nyendwa, CEO of AFNON
Arnold Nyendwa, CEO of AFNON, has achieved remarkable success. His innovative spirit has led to the development of the Juvin stainless hybrid stove, a revolutionary product that operates on three energy sources: gas, electricity, and charcoal pellets. This stove has garnered global recognition, earning a spot among the 1000 Efficient
Central Bank of Nigeria Extends Forex Purchase Deadline for BDCs to May 30
The Central Bank of Nigeria extends forex purchase deadline for Bureau de Change (BDC) operators to acquire foreign exchange (FX) from the Nigerian Foreign Exchange Market (NFEM) to May 30, 2025. Initially, in December 2024, the CBN had granted BDCs temporary permission to purchase up to $25,000 weekly from the
How to Develop a Business Growth Strategy
In the business environment, having a well‐defined growth strategy isn’t just a luxury—it’s a necessity. Whether you’re a startup or an established enterprise, understanding how to develop a business growth strategy can help you stay competitive, optimize resources, and drive long‑term success. In this article, we’ll cover the fundamentals of
What is an exit strategy in a business plan
In business, having a clear exit strategy is as important as outlining the business model itself. Whether you’re a startup founder, an investor, or a family business owner, understanding the intricacies of exit planning can help secure your financial future and ensure a smooth transition when the time comes to
What is Tax Equity Financing?
Tax equity financing is a specialized funding mechanism that enables developers to monetize tax benefits associated with certain projects, particularly in the renewable energy sector. By partnering with investors seeking to offset their tax liabilities, developers can secure capital to finance projects that might otherwise be financially unfeasible. What is
How Gerald Revocatus is Making Digital Skills Accessible to African Youths
Gerald Revocatus is the founder/CEO of Fiqra Technologies and Fiqra Academy, he’s focused on leading both organizations to the forefront of EdTech and digital transformation across the continent, creating scalable solutions to tackle social challenges. With a background in product management, web development, and digital marketing, Gerald has been able
Quickfire Questions with Gerald Revocatus, Co-founder of Fiqra
Gerald Revocatus, co-founder of Fiqra Technologies and Fiqra Academy, he’s focused on leading both organizations to the forefront of EdTech and digital transformation across the continent, creating scalable solutions to tackle social challenges. Before you read, click here to read part one of this interview with Gerald Revocatus. What’s your best travel destination
