Business

In a great leap forward, Heirs Holdings launches Heirs Technologies, set to lead Africa’s digital evolution

Published

2 years ago

March 11, 2024

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Heirs Holdings, a leading African investment company dedicated to improving lives and transforming Africa through strategic long-term investments, has broken new grounds with the announcement of the launch of its new subsidiary, Heirs Technologies Limited.

It is aimed at empowering Africa’s digital transformation through innovative and locally tailored solutions.

The launch of Heirs Technologies reaffirms Heirs Holdings’ steadfast commitment to invest in sectors that provide long-term returns and have the ability to transform Africa’s economy. Heirs Holdings has been a pivotal player in various sectors critical for Africa’s development including financial services, energy, power, healthcare, real estate, and hospitality.

Heirs Technologies endeavours to provide value-added services that capitalise on top-tier expertise while guaranteeing accessibility locally.

The company’s range of offerings include IT consulting, which encompasses advisory services, business transformation, system integration, licencing, and partnerships. Additionally, Heirs Technologies will offer various managed services covering IT operations and business process outsourcing.

To achieve its vision of propelling Africa to the forefront of the global technology landscape, Heirs Technologies will strategically invest in cutting edge technological solutions and develop platforms that foster collaboration among diverse stakeholders. Central to the company’s plans is to develop local capacity through meticulously tailored skills development programmes.

Heirs Holdings’ Group Chief Executive Officer, Emmanuel Nnorom, expressed his excitement about the launch and also reiterated the company’s mission.

“We are embarking on a journey fueled by innovation and driven by purpose. Our mission isn’t solely about creating products; it’s about shaping the future of technology, one groundbreaking solution at a time,’’ Persecondnews quotes Nnorom as saying.

“The introduction of Heirs Technologies marks a significant milestone in our journey towards accelerating progress for future generations across Africa,” said Tony O. Elumelu, CFR, Founder & Group Chairman, Heirs Holdings.

“Technology has the power to catalyse development, and we are committed to harnessing this potential to unlock new innovations that will improve lives and transform our continent.”

For more information about Heirs Technologies, please visit www.heirstechnologies.com

Heirs Holdings is a leading African investment company committed to improving lives and transforming Africa through strategic investments and sustainable development initiatives. With a diverse portfolio spanning multiple sectors, including financial services, energy, power, healthcare, real estate, hospitality and technology, Heirs Holdings is dedicated to driving inclusive growth and building a prosperous future for Africa.

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Business

Naira Exchange Rates Thursday, August 27

Today, the Naira Black Market exchange rate for 1 US Dollar is 1405 Naira, while the Central Bank of Nigeria (CBN) sets the official exchange rate for the Nigerian Naira against dollars at N1,343.59.

Published

17 hours ago

August 27, 2026

OCHEFA

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Today, the Naira Black Market exchange rate for 1 US Dollar is 1405 Naira, while the Central Bank of Nigeria (CBN) sets the official exchange rate for the Naira against dollars at N1,343.59

BLACK MARKET RATES

US Dollar (USD) Buy ₦1,405 Sell ₦1,410

Great British Pound(GBP) Buy ₦1,895 Sell: ₦1,915

EURO (EUR) Buy ₦1,595 Sell ₦1,615

Canadian Dollar (CAD) Buy ₦1,020 Sell ₦1,080

South African Rand (ZAR) Buy ₦75 Sell ₦90

Ghana CEDI (GHS) Buy ₦95 Sell ₦110

West African CFA Buy ₦2, 300 Sell ₦2, 400

CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250

CBN Exchange Rates

US Dollar (USD) ₦1,343.59

Great British Pound (GBP) ₦1,827.96

EURO (EUR) ₦1,566.09

Swiss Franc (CHF) ₦1,668.44

Chinese Yuan (CNY) ₦199.87

Japanese Yen (Yen) ₦8.43

West African CFA (XOF) ₦2. 39

West African Unit Account (WAUA) ₦1,847.86

Saudi Riyal (SAR) ₦357.84

South African Rand (ZAR) ₦84.16

Business

Meta U.S. agrees to pay $18bn lawsuits over children’s social media addiction

Meta agreed for the next decade to restrict teenagers’ use of Facebook and Instagram to two hours a day and block all usage from midnight to 6 a.m., absent parental consent.

Published

1 day ago

August 26, 2026

OCHEFA

20 Views

Meta Platforms on Wednesday agreed to make major changes to Facebook and Instagram and pay up to $18 billion to resolve claims by most U.S. states that it designed those platforms to addict children and misled consumers about their safety.

Reuters reported that the settlements end a federal trial that had been one of the highest-profile tests of allegations that social media companies harm children.

It said that while Meta will not undergo a fundamental overhaul, the ‌accords represent a sweeping effort to define how it serves young users.

The focus of this case was to protect our kids,” Colorado Attorney General Phil Weiser said in a statement.

“The relief we are getting in this settlement is very meaningful and well beyond what any court has ordered or is likely to order.”

Meta agreed for the next decade to restrict teenagers’ use of Facebook and Instagram to two hours a day and block all usage from midnight to 6 a.m., absent parental consent.

These limits could be tightened if other social media companies adopt similar terms.

Meta will also enhance measures to prevent children from accessing age-restricted content.

The settlement does not require Meta, which denied wrongdoing in agreeing to settle, to abandon personalized recommendations or targeted advertising.

The total payout represents about three to four months of profit for the Menlo ⁠Park, California-based company.