News Update
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Only 11 Nigerian States Projected to Cover Worker Salaries in 2024
In the fiscal year 2024, only 11 out of Nigeria’s 36 states are projected to generate sufficient income to cover…
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Safaricom stops M-PESA transfers to unregistered users
In a recent development, Safaricom, Kenya’s leading telecommunications provider, has introduced a significant policy change impacting its widely used mobile…
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Top 5 crypto exchanges for Nigerians in 2024
In a groundbreaking move, the Central Bank of Nigeria (CBN) recently lifted the ban on transactions between banks and crypto…
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Botswana rejects Elon Musk’s Starlink satellite internet application
Starlink, Elon Musk’s ambitious low-orbit satellite service, has hit a roadblock in its quest to extend its reach to every…
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Airtel Africa losses 99% of its profits on the back of currency devaluation in Nigeria and Malawi
Airtel Africa, a prominent telecommunications firm operating in 14 African countries, has reported a staggering 99% decline in profits for…
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Google launches first African cloud centre
In recent weeks, the high cost of cloud computing has been a thorn in the side of African startups, prompting…
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Amazon Prime to layoff staff and stop producing African content
Amazon Prime, the global streaming giant, is undergoing significant restructuring, resulting in staff layoffs and a reduction in local content…
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X now worth 71% less than when Musk bought it, Fidelity estimates
The trajectory of X, formerly known as Twitter, has undergone a significant shift, witnessing a remarkable 71% decrease in its…
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Nigeria puts up $12 billion worth of oil to secure $3.3 billion Afrexim Bank Loan
In a groundbreaking move, Nigeria has finalized a $3.3 billion “pre-export finance facility” (PxF) with a significant interest rate of…
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Aliko Dangote, Africa’s richest man lost $3.6 billion in 2023 amid naira’s devaluation
Aliko Dangote, the prominent Nigerian industrialist and the richest man in Africa, has experienced a notable adjustment in his wealth…
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