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East Africa has been struggling with another internet outage after a vital subsea cable cuts again on Sunday. Following similar incidents in West Africa in March, this latest crisis highlights the continent’s heavy reliance on poor electricity infrastructure. The network…
Nigeria’s technological future looks bright, with 37 exceptional young minds walking away as winners at the recently concluded Omniverse Africa Tech Competition. Organized by Ominiverse Africa, the tech division of the multifaceted Omniverse Tech Industry. The competition created a platform…
President Tinubu has taken the major step in response to growing concerns over the implementation of a controversial cybersecurity levy. The levy, which generated much controversy and criticism among stakeholders, has now been suspended by the President pending a thorough…
In an unusual development, Airtel, one of the world’s largest telecommunications services companies, has declared an unprecedented $13 billion dividend payout. The announcement came despite the company’s huge foreign exchange (forex) loss of $549 million. Airtel to pay $13bn Dividend:…
In a bold move that underscores its commitment to monetary discipline, the International Monetary Fund (IMF) has asked the Central Bank of Nigeria (CBN) to stop waivers for banks. The directive comes as part of a wider strategy to make…
In a sudden reversal, Nigerian banks have stopped collection of deposit processing fees, providing relief to customers who were met with the charges on May 1st, 2024. The move came as the Central Bank of Nigeria ( The CBN) issued…
United Bank for Africa (UBA) continues to prioritize a seamless and secure digital banking experience for its customers with recent upgrades in their mobile app. The bank recently upgraded its mobile app to include additional features to help users and…
In what could change the face of the Southern African fintech industry, influential NASDAQ-listed fintech firm Lesaka Technologies has bought the Cape Town-based Adumo, the market-leader in the payment processing field, for $85 million. The deal, a cash-and-equity transaction, reflects…
The Federal Government of Nigeria (FG) has commenced moves to carry out a fresh audit of the N2.7tn subsidy debt said to have been owed to the Nigeria National Petroleum Company Limited (NNPC). This fresh move to audit the ₦2.7tn…
The Federal Government of Nigeria has issued a directive mandate which insists that POS agents will register under CAC. This applies to all Point-of-Sale (POS) terminal operators, also known as POS agents. The move comes amidst growing concerns over fraudulent…
