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This line-up of stories will help you discover the latest happenings around the tech world, today   Joliba Capital Fund closes $59M for Africa’s growth Joliba Capital has announced closing its first fund, Joliba Capital Fund I, accumulating an impressive €55 million (USD 59 million) in capital commitments. Joliba Capital is an African private equity firm primarily owned by LBO …

Ugwu Obinna’s younger sister was killed after a truck driver transporting cows rammed into her shop located at the Okpatu end of the Old Enugu-Onitsha Road this July. “The driver was trying to dodge the potholes along the road when he lost his break and hit her,” Obinna recalled. “She died on the spot, It was devastating for my family”. …

  Kwara state government has begun distribution of maize at 44.5% of market value to different stakeholders in the poultry and fishery (feed mill) sectors. The government sells a bag of 50kg maize at N8,000 instead of the N18,000 market price for the same quantity to bring relief to the  farmers. The maize is being given to the poultry farmers …

The Federal Government of Nigeria has dropped a hint that it is contemplating handing over its 40% stakes in the 11 Distribution Companies (DisCos) to state governments. This is in a move to address the persistent power shortages dogging the country. This hint was dropped in a tweet by the Minister of Power Adebayo Adelabu on Friday. He also hinted …

A Court of Appeal sitting in Abuja has overruled the judgment of the National and State Houses of Assembly Election Tribunal in Asaba which declared Ndudi Elumelu of the Peoples Democratic Party (PDP), as winner of the February 25 House of Representatives election for Aniocha/Oshimili Federal Constituency of Delta State. The appellate court in two judgments on Thursday declared Labour …

Abisoye Coker-Odusote, the National Identity Management Commission’s interim director general and chief executive officer, declared that using third-party services or paying bribes to NIMC personnel to hasten the registration or change of National Identification Numbers is illegal. This was revealed in a statement released by NIMC on Wednesday that stressed the significance of following the correct protocols set forth by …

The Nigeria Deposit Insurance Corporation (NDIC) has resolved to pay the liquidation dividends worth N16.18 billion for depositors of 20 failed banks. The NDIC Managing Director, Mr. Bello Hassan, disclosed this during the NDIC Day at the ongoing 44th Kano International Trade Fair in Kano on Friday. He gave the names of the affected banks as Liberty Bank, City Express …

Labour Party’s governorship aspirant in the forthcoming Edo 2024 election, Stephen Osemwegie, has expressed hope that the party’s presidential candidate, Peter Obi, would reclaim his mandate at the Supreme Court. Ripples Nigeria had reported last week that the five-man panel of the Presidential Election Petition Tribunal led by Justice Haruna Tsammani struck out Obi’s petition, including that of the Peoples …

Contrary to insinuations in some quarters, President Bola Tinubu actually promised the immediate past governor of Kaduna State, Nasir el-Rufai, not just a ministerial slot but the portfolio of the new Federal Ministry of Energy. Following the cast iron assurance by Tinubu, el-Rufai thereafter mobilized his team and produced a blueprint that got Tinubu excited ahead of his nomination. “Specifically, …

Investors at the Nigerian capital market took home N45.8 billion at the close of trading on Friday. This followed the rise in market capitalization to N39,148.84 trillion from N39, 102.97 trillion posted by the bourse on Thursday. The All-Share Index (ASI) also increased by 83.8 basis points to 71,541.74 from 71,457.92 recorded the previous trading day. However, the market turnover …