A group of core technology investors has indicated plan to invest as much as N1 billion in the next two years in technology projects in Nigeria. The proposed projects are those built around the next generation digital infrastructures that are economically viable.
The investors plan to raise the capital from interested Venture Capitalist and Angel Investors that are within and outside Nigeria who are willing to invest their money in technology projects that are economically viable.
The group known as CCHub Growth Capital Limited, comprises Bank of Industry, Venture Garden Group, Omidyar Network and Co-Creation Hub (CCHub). (more…)
Zinox Group has announced that it has successfully completed the processes towards final acquisition of majority stake in Xputer, a leading and strategic software development and management company based in Ibadan.
The acquisition, no doubt will extended the group’s sphere of dominance in the Information and Communications Technology (ICT) marketplace.
The investment, which was sealed in September last year, will see Zinox, led by digital entrepreneur, Leo Stan Ekeh, further expand its range of capabilities in line with its vision of becoming the single largest 360 degrees ICT group in Africa.
The Presidency has unfolded tentative details on the implementation of its N500 billion social welfare programme, revealing that one million extremely poor Nigerians would be direct beneficiaries of the N5,000 monthly cash transfer.
The payment which is to commence once the 2016 budget is approved by the National Assembly, is besides another five social interventions that include the provision of one meal a day to school pupils in some selected states.
A total of N60 billion would be directly transferred to the one million extremely poor Nigerians, according to a statement issued by the Office of the Vice-President in accordance with President Muhammadu Buhari’s vision of building human capital. (more…)