News Update
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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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FG to spend N100 billion on school feeding programmes in 2024
President Bola Tinubu has unveiled a significant milestone in the recently approved 2024 budget, allocating N100 billion for school feeding…
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Bitmama Resumes Fiat Deposits
Nigerian cryptocurrency exchange, Bitmama, has successfully resumed fiat deposits on its platform after a temporary suspension earlier this month. The…
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Nigeria’s Central Bank Lifts Cryptocurrency Transaction Restrictions: Introduces stringent customer checks
Nigeria’s Central Bank has recently reversed the two-year prohibition on cryptocurrency transactions, marking a significant shift towards a more favorable…
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PalmPay launches new security version with enhanced KYC following CBN directive
Leading fintech firm PalmPay has unveiled an enhanced security in-app version, marking a significant stride in compliance with the Central…
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