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P1 Ventures, an African Seed Venture Capital (VC) fund, has reported the close of its $35 million fund to extend its capacity, teams, and operations to Dakar, Senegal, and Nairobi, Kenya. This fund is the second fund the company has…
Airtel Nigeria, MTN Nigeria, and IHS Towers are considering reducing their investments in the country. The decision comes as the companies grapple with multiple taxations, worsening power supply, and two years of losses linked to foreign exchange (FX) volatility. Carl…
A long-standing dispute between Nigerian banks and telecom companies regarding a $132 million USSD debt appears to be nearing a resolution, albeit slowly. The crux of the issue lies in the unpaid fees accrued by banks for utilizing Unstructured Supplementary…
Some Abuja drivers on the ride-hailing platforms, Uber and Bolt, have started setting prices of trips with prospective riders offline. The e-drivers do this to get paid higher than the estimated prices on the apps. Related: SpaceX’s Legal Home Moved…
Tensions are simmering in the Nigerian telecommunications industry as telecom giants Globacom and MTN Nigeria engage in a heated tussle over alleged unpaid debts. The dispute centers around Interconnection Traffic Exchange Points (IXPs), where operators route calls between their networks.…
The U.S. Securities and Exchange Commission (SEC) has charged Nigerian accountant Olayinka Oyebola and his firm, Olayinka Oyebola & Co. (Chartered Accountants), for their role in facilitating a fraudulent financial scheme associated with businessman Dozy Mmobuosi. This legal action follows…
Meta has announced the expansion of its monetization features to content creators in Nigeria and Ghana, effective July 1, 2024. This development marks a departure from previous policies that excluded creators with Nigerian and Ghanaian addresses from Facebook monetization unless…
The Joint Admissions and Matriculation Board (JAMB) has announced a major update regarding the 2025 Unified Tertiary Matriculation Examination (UTME) results. Unlike in previous years, candidates can no longer conventionally print result slips. This development has caused widespread curiosity among…
Samsung has officially confirmed that the Samsung Galaxy S24 FE, a highly anticipated addition to its Galaxy lineup, exists. The confirmation comes as a result of a support page that recently appeared on Samsung’s French website, showcasing the model number…
Cape Town Data Centre Expansion: Pan-African data centre provider Africa Data Centres (ADC) has commenced the expansion of its CPT1 facility in Cape Town, South Africa. Before the expansion, the facility offered 5.5MW of IT capacity across 2,700 sqm (29,000…
