Author: Newsjaunts

Lagos, Nigeria, June 4, 2025 – In a significant step towards enhancing online safety for teenagers, Meta is proud to announce the launch of Teen Accounts on Instagram in Nigeria. This initiative is part of Meta’s broader commitment to ensuring safe, private, and positive online experiences for teens across Africa. As more Nigerian teens join Instagram, it is crucial to prioritise their safety and privacy. Parents want to feel confident that their teens can use social media to connect with their friends and explore their interests, without having to worry about unsafe or inappropriate experiences. Teen Accounts were designed to better support parents and…

Lagos, Nigeria – June 04, 2025 – Interswitch, leading African technology company focused on creating solutions that enable individuals and communities prosper across Africa, has reaffirmed its commitment to cross-sector innovation as an Associate Partner at the sixth edition of the Lagos State Real Estate Fest, held at the Lagos Oriental Hotel. Through strategic participation and thought leadership, Interswitch played a significant role in shaping conversations around the future of Propertytech (also referred to as ‘Proptech’) and the role of financial infrastructure in transforming Nigeria’s real estate ecosystem. Themed “The Business of Real Estate: Staying Innovative in a Changing Landscape,” the…

The Minister of State for Foreign Affairs, Ambassador Bianca Ojukwu, has applauded the Governor of Anambra State, Professor Charles Chukwuma Soludo, for his support during her nomination for the federal appointment and his visionary leadership in transforming all sectors of the state. The Minister, who was the erstwhile Ambassador to Spain, paid a courtesy visit to Governor Soludo on Sunday, 1st June, along with a delegation of stakeholders from Nnewi, at the old governor’s lodge in Amawbia, According to Adichie Izuchukwu, Senior Special Assistant to Governor Soludo on New Media, Ambassador Bianca expressed gratitude to Governor Soludo for his invaluable…

Caleb Audu is the Programs Manager at the Sickle Cell Foundation Nigeria. In this exclusive interview, he explains how game-changing support is transforming care and perception across the country. SCFN has been a key player in transforming sickle cell care in Nigeria. From your perspective, what are the most significant strides the Foundation has made in recent years? We’ve seen real progress in how Nigeria approaches sickle cell care, especially through the work we do at the Foundation. What makes us unique is that we provide an end-to-end support system. From early diagnosis and prevention to comprehensive treatment and, now,…

The Presidential Community Engagement Office (South-West), led by the Senior Special Assistant to the President, Moremi Ojudu, has launched the Light-Up Ibeju-Lekki programme, a transformative grassroots energy intervention set to power homes and micro, small, and medium enterprises (MSMEs) across the Ibeju-Lekki community. The initiative, supported by the National Agency for Science and Engineering Infrastructure (NASENI) and executed in partnership with the Ibeju-Lekki Local Government, is a key part of President Bola Ahmed Tinubu’s Renewed Hope Agenda. It aims to improve access to clean, reliable, and sustainable energy at the community level by reducing the electricity burden on families and…

Lagos, Nigeria – To deliver simpler, smarter banking solutions, Union Bank of Nigeria has partnered with the Pan-African Payment and Settlement System (PAPSS) network, a Financial Market Infrastructure that provides hassle-free and convenient cross-border money transfers to some selected African countries. This revolutionary payment solution for implementing the African Continental Free Trade Agreement (AfCFTA) is designed to transform how payments are made across Africa. With PAPSS, customers can send money instantly to Ghana, Kenya, Rwanda, Liberia, Sierra Leone, Gambia, Malawi, Zambia, Zimbabwe, Djibouti, Nigeria and more African countries in the future. Using PAPPS offers numerous benefits to customers, including, but…

Nestlé is pleased to announce an ongoing collaboration with the Federal Ministry of Livestock Development to launch a Dairy Technical Skills Development Program. This initiative, formalized through a Letter of Intent (LOI) signed today in commemoration of World Milk Day 2025, aims to enhance the quality and volume of milk production in Nigeria, addressing critical needs within the dairy sector. The LOI reflects a shared commitment to develop mid-level technical and vocational skills essential for strengthening Nigeria’s dairy value chain, ensuring food security, improving nutrition, and fostering sustainable livelihoods. The partnership will focus on: • Establishing capacity-building programs centered on…

Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has been announced as the winner of the ‘Commercial Bank of the Year’ Award at the 2025 Nairametrics Capital Market Choice Awards (NCMC Awards). The announcement was made at the prestigious awards gala held on May 23rd at the Civic Center in Lagos, where standout performers across Nigeria’s capital markets were celebrated. The Nairametrics Capital Market Choice Awards is a data-driven platform that recognises excellence among publicly listed companies in Nigeria. Winners are selected based on key metrics such as revenue growth, profitability, return on…

Abbey Mortgage Bank Plc lost about 27% of its market value in the equities market as investors trimmed their interest in the financial services company. Investors reacted negatively as the company obtained approval to raise N100 billion by way of issuance of shares, global depository receipts, loans, etc. The stock is now trading at a significant discount to N9.85 kobo, its 52-week high in the Nigerian equities market. According to data from the Nigerian Exchange (NGX) trading platform, the mortgage bank experienced strong sell pressure, closing at N5.58 on Friday when 2.017 million units valued at N11.550 million were traded.…

The market value of Sterling Financial Holdings Plc shrank by more than 5% in the equities market as investors, shareholders anticipate the release of its audited financial statement for year 2024. The share price closed lower at N5.65 in the equities segment of the Nigerian Exchange on Friday as investor sentiment waned. The financial services holding company that harbors Sterling Bank is trading at about a 12% discount to its 52-week high. Data obtained from the Nigerian Exchange put N256.832 billion as the market value of Sterling Financial Holdings Plc’s 45.457 billion shares outstanding. Breaching regulatory requirement, Sterling Plc has…