National Universities Commission (NUC) has carried out a resource verification exercise at the University of Offa (UNIOFFA) as part of efforts to
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Flutterwave has responded to media reports regarding a supposed $75 million investment by the Federal Government of Nigeria, as well as suggestions of a near-term IPO.
The company said that while some reports may reflect evolving discussions or interpretations of broader engagement, they do not correspond to any formally executed or disclosed transaction.
In a statement, Flutterwave clarified that discussions referenced in earlier reporting relate to potential private investors’ capital participation, such as a Series E or similar pre-IPO positioning.
“These are typical steps for scaling companies and are distinct from a public listing,” it noted. “Any future IPO would be subject to a range of factors, including market conditions, regulatory readiness, and long-term value creation.”
Flutterwave said it regularly engages with a broad range of institutional and sovereign stakeholders regarding strategic participation aligned with long-term economic and ecosystem development goals.
Such engagements, the leading fintech infrastructure platform added, are a normal part of building globally competitive companies and do not necessarily indicate finalized transactions.
Acknowledging the strong interest in its growth and plans, Flutterwave advised the public to rely on official disclosures, as ongoing discussions or market signals can sometimes be interpreted in different ways.
Flutterwave continues to operate at scale across multiple markets, playing a significant role in enabling payments and economic activity throughout Africa and beyond.
The company has over 50 licenses with technology reach in 34 countries and has processed over $50bn across more than 1 billion cross-border transactions, contributing to global commerce and remittance flows.
Flutterwave, which serves customers like Uber, Airpeace, and Piggyvest, recently announced the acquisition of Mono, a leading provider of open banking infrastructure, and also a microfinance banking license in Nigeria.
Flutterwave clarifies reports of $75m IPO investment by Nigerian govt
The managements of Abuja Ride and Camel Mobility have introduced fleet of electric sedan cars to ease transportation challenges in
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Borno State Governor, Professor Babagana Zulum, made startling revelations on Tuesday on the daunting challenges facing the Nigerian Army in its battle against the scourge of banditry and insurgency. Speaking at the launch of the Kogi State Security Summit and Fundraising event at the NAF Conference Centre, Abuja, Governor Zulum disclosed that terrorists in the […]
The post Insecurity: Bandits, insurgents now track soldiers with drones, AI tools— Zulum appeared first on Tribune Online.
Umar Sadiq was on target as Valencia held Real Mallorca to a 1-1 draw in their LaLiga clash on Tuesday night.
Mallorca took the lead through Samu Costa four minutes after the break.
Sadiq equalised in the 67th minute, finishing off a move created by Javi Guerra.
Both teams missed several chances in the keenly contested encounter.
Sadiq was in action for the entire duration of the game.
The 29-year-old, who joined Los Che from Real Sociedad in January, has registered two goals and two assists in 14 league appearances for Carlos Corberán’s side.
LaLiga: Sadiq salvages draw for Valencia against Real Mallorca
Former Chelsea star, Florent Malouda, has warned the club’s fans not to compare Estevao to the Blues legend Eden Hazard.
According to the Frenchman, the comparison won’t help the 18-year-old Brazilian.
Malouda said, as quoted by Tribal Football, “We should not compare Estevao to Hazard.
“It’s not going to help him. Hazard is a legendary player who has won many trophies and made a big difference. But the context is totally different.”
Estevao moved to Chelsea from Palmeiras last summer with huge expectations because of his brilliant display for the Brazilian side.
His contract with the Premier League west London club will expire in June 2033.
Nigeria’s Coordinating Minister of Health and Social Welfare, Prof. Mohammed Ali Pate, has warned that a persistent trust deficit is undermining the country’s health system, stressing that restoring confidence is critical to improving health outcomes. Speaking through his Special Adviser, Dr Ogbe Oritseweyinmi, at the launch of Trust Renewal: The Integrity Call for Better Health, […]
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Trump will read from 2 Chronicles on Tuesday night as part of the “America Reads the Bible” event at the Museum of the Bible in Washington…
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The Economic and Financial Crimes Commission (EFCC) on Tuesday alerted the public about increasing attacks on its image by those it described as “criminal characters parading themselves as officers of the commission”. The anti-corruption commission, in a statement signed by its spokesperson, Dele Oyewale, made available to Tribune Online in Abuja, stated that intelligence at […]
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The Centre for Information Technology and Development (CITAD) has called for increased investment in artificial intelligence (AI) research and innovation, following Nigeria’s ranking of 72nd out of 195 countries in global AI readiness.
The call was made on Monday during a Research Methodology Workshop on AI readiness at subnational levels, held in Kano.
Speaking at the event, Salihu Abdulkarim of the National Information Technology Development Agency (NITDA) said Nigeria’s current ranking reflects both opportunities and gaps in the country’s digital development.
According to him, “Nigeria, with 179.6 million mobile subscribers and over 90,000 kilometres of optic fibre network, is projected to generate 18.3 million dollars in 2026, with Information and Communication Technology expected to contribute 21 per cent to the Gross Domestic Product by 2027.”
He compared Nigeria’s position with other African countries, noting that Egypt ranks 5th globally, while Kenya and South Africa are ranked 65th and 67th respectively, with Tunisia at 99th.
Abdulkarim said Nigeria’s National AI Strategy, launched in August 2024, is built on five key pillars aimed at driving transformation, including talent development through AI centres of excellence and research fellowships.
He added that the Federal Government plans to produce three million tech graduates with skills in artificial intelligence, machine learning, and data science to strengthen the country’s workforce.
However, he identified key challenges slowing progress, including poor infrastructure, fibre optic vandalism, right-of-way issues, unmet targets, and limited digital access in rural areas.
He also raised concern over the migration of skilled technology professionals to countries such as the United Kingdom and Canada in search of better opportunities.
“Upscaling is key, but AI will not take over human jobs,” he said.
In his remarks, the Executive Director of CITAD, Y.Z. Yau, said the organisation is working to assess how ready states are to adopt AI.
“We want to know if state governments are ready, what infrastructure they have, and how many data centres are available,” he said.
He explained that Kano, Plateau, and Bauchi states were selected for a pilot assessment representing northern Nigeria.
Also speaking, a lecturer at Bayero University Kano, Hafsat Ahmed Kabir, stressed the importance of infrastructure for successful AI deployment.
“AI deployment requires computing power, reliable electricity, high-speed internet, data centres, and cloud services because the system depends on processing large amounts of data,” she said.
Kabir added that one of the biggest challenges is implementing AI strategies at the state level.
Nigeria ranks 72nd in global AI readiness as CITAD urges greater Investment