The Nigerian banking industry is facing an unprecedented challenge from the emerging fintech market that is rapidly fixing every friction in the payment business, especially cross-border payment frictions. The situation does not only scuttle the current growth of banks, it also threatens their future. Nevertheless, while fintech remains a threat that the Nigerian banking industry needs a formula to neutralize, there is another situation that the banks have made a drastic decision to arrest. In the first half of the year (H1’21), the Central Bank of Nigeria (CBN) raised the interest rate on one-year Treasury Bills (TBs) to 10.1%. The… The post As Depositors Choose Treasury Bills Over Fixed Deposit, Nigerian Banks Raise Deposit Rates by 140 Percent appeared first on Tekedia.

For most Architects, finding clients in a post-pandemic world is hard. In some places, many prospects are still struggling with the financial consequences of COVID-19, and others are getting battered with advertising messages from your competitors. Here’s where Facebook comes in. Architects can benefit a lot from Facebook, the social media behemoth with 1.4 billion daily active users. Meaning that whether you own a small or large Architecture firm, you’re very very likely to get new clients on the platform. And one of its best features is its Custom Audience advertising feature which you can leverage to reach a very… The post What Is Facebook Custom Audience And How Can Architects Benefit? appeared first on Tekedia.

The population of Nigeria is more than 200 million; stop using 187 million as that now is stale. Growing the number of citizens is one area Nigeria has outperformed the world. And it will not stop. Yes, recall the governor who gathered young men together in 2019, and told them that provided they keep having more babies and marrying many wives that they would decide who runs Nigeria. So, UNESCO, UN, WHO, etc can put out any initiative, the fact remains that population is a political weapon in Nigeria, and it will continue to grow. From the electoral umpire, the… The post Why I Use 210 Million As Nigeria’s Population! appeared first on Tekedia.

Population arguably remains the most integral part of the anticipated developmental stride of any existing society. It is so, because it’s one of the fundamental factors that determine the society’s net worth. However, as we take into cognizance the inevitable impact of population on societal uplift, it’s noteworthy that it is only the human population that bears such idiosyncrasy. It suffices to assert that the population of other forms of organisms is relatively inconsequential, economic wise, compared to that of humankind. Two prime factors – natural and human resources – determine the Gross Domestic Product (GDP) of every nation. It’s… The post Tackling Nigeria’s Population Issues With Technology appeared first on Tekedia.

Facebook and its partners continue to connect Africa. Very excited that south-east Nigeria is part of the big network: “Now connecting three continents, Africa, Europe and Asia terrestrially through Egypt, 2Africa creates unique connectivity by adding vital landing locations in Oman (Barka), UAE (Abu Dhabi and Kalba), Qatar (Doha), Bahrain (Manamah), Kuwait (Kuwait), Iraq (Al-Faw), Pakistan (Karachi), India (Mumbai), and a fourth landing in Saudi Arabia (Al Khobar). The new 2Africa branch joins recently announced extensions to the Canary Islands, the Seychelles, Comoros Islands, Angola, and a new landing to south-east Nigeria.” This has a real impact on the immersive… The post The Age of Opportunity is Here As Facebook And Partners Continue To Expand Subsea Cable appeared first on Tekedia.

We like this content which we received via email. Businesses in South Africa experienced major losses in July from physical damage, business interruption, and loss of revenue, looting, vandalism caused by civil commotion, protests and riots which resulted in about $3.4 billion in lost output and placed 150,000 jobs at risk. Political risks and violence ranked as a number five business risk in South Africa as a new entrant in the Allianz Risk Barometer 2021 demonstrating the significant risk for companies in the current environment. Political risks and violence also ranked as a top 10 risk in Africa and the Middle East (#6),… The post Political Risk Ranking in Africa, Nigeria Is #5 – Allianz Risk Barometer 2021 appeared first on Tekedia.

Tekedia Capital is excited to announce investment in Insurpass. Insurpass is an Open Insurance API that aggregates innovative and affordable insurance products from leading Insurers and delivers them through a single API access allowing fintechs, banks and other digital platforms easily embed insurance products into their app and also offer insurance services to their customers many of whom are uninsured.  Insurpass enables companies across all sectors to build, embed and offer digital insurance products to their customers through a fully integrated experience embedded into their own front-end environment. By building on Insurpass’ insurance infrastructure-as-a-service platform, your company gets a wide… The post Tekedia Capital Invests in Insurpass, an Open Insurance API for Africa appeared first on Tekedia.

Grenada and its sister islands Carriacou and Petite Martinique have become the first “Culinary Capital.” The decision was made by the World Food Travel Association (WFTA). According to WIC News, “The islands showcase many unique culinary assets. These hold the tradition of ‘saraka’, the national dish ‘oil down’, handcrafted rums and nutmeg ice cream. Spices on the island are used for both food as well as medicinal & wellness purposes.” The Culinary Capitals program focuses on different culinary cultures around the world. The very fact that Grenada has been designated such high status is highly important for those who have… The post Grenada is named the world’s first ‘Culinary Capital’ appeared first on Tekedia.

Tekedia CollegeBoost welcomes students from University of Ilorin under the First Lady of Kwara state, Amb Dr Mrs. Olufolake Abdulrahman, and  Ajike People Support Centre Scholarship scheme. CollegeBoost, a university student version of Tekedia Institute Mini-MBA, informally integrates into typical school programs, making it possible for students to master the mechanics of business, irrespective of their academic disciplines. Students, your schools have prepared you already, Tekedia will simply expand your horizons in market systems. Welcome to our Institute. To learn more about CollegeBoost, click here. The post Welcome, University of Ilorin Students to Tekedia CollegeBoost appeared first on Tekedia.

Tekedia CollegeBoost welcomes students from Kwara State University under the First Lady of Kwara state, Amb Dr Mrs. Olufolake Abdulrahman, and  Ajike People Support Centre Scholarship scheme. CollegeBoost, a university student version of Tekedia Institute Mini-MBA, informally integrates into typical school programs, making it possible for students to master the mechanics of business, irrespective of their academic disciplines. Students, your schools have prepared you already, Tekedia will simply expand your horizons in market systems. Welcome to our Institute. To learn more about CollegeBoost, click here. The post Welcome, Kwara State University to Tekedia CollegeBoost appeared first on Tekedia.

The Chinese government plans to distribute digital satellite television and hardware in 200 villages across Togo, speeding up the West African country’s plans to switch to digital terrestrial television (DTT) broadcasting.  DTT, which will replace analog television, is a technology that improves image quality and reduces operating costs inherent in broadcasting. In October 2019, the […]

TikTok, the extremely hot short video company, has hit 1 billion monthly active users and in the process validated the core thesis that AI (artificial intelligence) will drive discovery across all domains of markets. You are statistically better if you have 10 million amateurs who make videos than having 1000 movie legends make videos for users. More than 1 billion people around the world now come to TikTok every month to be entertained as they learn, laugh, or discover something new. We’re honored to be a home for our immensely diverse community of families, small businesses, and creators who transform… The post The TikTok Playbook And Winning The Future With Aggregation appeared first on Tekedia.

Good people, I have been studying the rise of multibank trade finance portals globally which is uniting all players in the international trade value chain. This is another expression of ‘Super Apps’ because these platforms are aiming to be a one-stop-shop for all services within the import and export trade ecosystem. Some of them are at pilot stages while some have recorded live transactions. In London, there is ‘Marcopolo Finance’, In Singapore, there is ‘Contour’, there is also ‘Trade Information Network’ with representation in different regions including the US, Germany, UK, Australia, Hongkong etc. and in Africa, Union Systems has… The post Is this the end of corporate trade finance portals? appeared first on Tekedia.

The high-flying short video app, TikTok, has hit a new milestone, recording 1 billion monthly active users globally this summer, the company announced in a blog post on Monday. More than 1 billion people around the world now come to TikTok every month to be entertained as they learn, laugh, or discover something new. We’re honored to be a home for our immensely diverse community of families, small businesses, and creators who transform into our favorite stars. The result indicates a 45 percent jump since July 2020, as the app spreads like wildfire around the world. The United States, Europe,… The post TikTok Hits 1 Billion Monthly Users appeared first on Tekedia.