Billionaire Aliko Dangote, through his multinational industrial group, Dangote Industries Limited, announced on Sunday that a significant sum of $687 million had been successfully repatriated through multiple Nigerian banks. This announcement comes just a few days after the naira exchange rate dipped below the N900 to $1 mark on peer-to-peer (P2P) platforms, including Binance, for … Read more
France has agreed to return $150 million to Nigeria, another tranche of the loot traced to Sani Abacha, former military dictator who ruled Nigeria in the 90s. Ajuri Ngelale, special adviser to the president on media and publicity, made the announcement in a statement on Friday following a meeting between President Bola Tinubu and Catherine Colonna, the … Read more
Nigerian fintech startup Paystack has today announced that it has received the necessary licences to expand into and operate in Egypt and Rwanda, while also partnering with leading financial institutions to offer financial services in Côte d’Ivoire. A blogpost on the company’s website reads, “We’re thankful to have now received authorization as a payment service provider from the … Read more
Rwanda has joined the list of countries that now permit visa-free travel for people who are citizens of other African countries. As one of the African nations that many people like to visit, Rwanda has introduced visa-free travel for all African visitors. The President of the country, Paul Kagame, announced on Thursday that Africans will … Read more
MyCaller Alert Service is a groundbreaking caller identity solution tailored for African and emerging markets, addressing the persistent issues of scam calls, spam calls, and the overall anxiety that comes with receiving unwanted and unsolicited calls. This innovative product aims to provide individuals with a newfound sense of control over the calls they receive daily, … Read more
Online betting has experienced exponential growth in Nigeria, with over 65 million active participants who collectively spend an average of $15 USD daily. These statistics were revealed by Bello Shagari, the executive secretary of the National Lottery Trust Fund, during a recent gaming conference held in Lagos. In Nigeria, many view sports betting as not … Read more
OPPO smartphones have gained widespread acclaim among tech enthusiasts in Nigeria, owing to their stylish aesthetics, remarkable camera capabilities, and outstanding performance. In this comprehensive guide, we’ll delve into the leading OPPO phone models accessible in Nigeria, shedding light on their Key Selling Points (KSPs) and specifications that are bound to pique your interest and … Read more
After a successful 3-week run in Nigerian cinemas, ‘Merry Men 3,’ directed by AY Makun, has achieved an impressive box office gross of N75.4 million. This remarkable success can be attributed to the enthusiastic Nollywood fans who eagerly purchased tickets to experience the film on the big screen. ‘Merry Men 3’ had a strong opening … Read more
Telegram Wallet and Ivorypay, a pioneering crypto payment startup operating in Africa, have joined forces in a strategic partnership designed to enhance Peer-to-Peer (P2P) transactions and bolster liquidity for Telegram Wallet users in key African markets such as Uganda, Kenya, Nigeria, Ghana, and South Africa. This collaboration paves the way for expanding these services throughout … Read more
In a recent announcement, US President Joe Biden announced his plans to expel Uganda, Gabon, Niger, and the Central African Republic from the African Growth and Opportunity Act (Agoa). This special US-Africa trade program, established in 2000, offers eligible sub-Saharan African countries duty-free access to the US for over 1,800 products. The decision to remove … Read more