News

CAC has released new rules for bank recapitalization to strengthen Deposit Money Banks in Nigeria.  These CAC bank recapitalization rules are to simplify the process of new incorporations, capital increase, mergers and license change, to comply with Companies and Allied…

Dr. Olaolu Mudasiru Foundation Supports Underserved Communities: The Dr. Olaolu Mudasiru Foundation, an independent, non-profit organization, has announced plans to empower Nigerians by integrating entrepreneurship, education, and the arts to foster growth in society. It was launched in memory of…

Bolt’s 15% Bonus for Drivers: Bolt, a leading ride-hailing company in Nigeria, has offered drivers a 15 percent commission kickback bonus.  This development was revealed in a message the company sent drivers as reported by Technext. Bolt’s 15% Bonus for…

VezoPay Partners with Nedbank: VezoPay, an innovative South African company, has “onboarded” its first banking partner, Nedbank, and plans to add other financial institutions soon. The company recently generated smart rings for tap-and-go payments in the local market, with prices…

South Africa’s First Electric Bus Fleet: BYD, manufacturer of new energy vehicles and power batteries, will provide Golden Arrow, a bus operator in South Africa, with 120 electric buses.  This comes after BYD secured a deal with the Golden Arrow…

Ticketmaster has acquired Quicket, a major ticketing platform in Africa.  This is a big move in their expansion plans for the continent. Quicket was founded in South Africa in 2011 and has a presence in several African countries including Nigeria,…

Nigeria’s High 5G and Digital Readiness Ranking: The recent report, by the International Telecommunication Union (ITU) has acknowledged Nigeria’s progress in 5G and digital readiness placing the country at 71%.  This achievement ranks Nigeria among the seven nations in the…

SearchGPT: OpenAI’s AI Search Tool vs. Google: OpenAI, the company behind ChatGPT, has released a new prototype called SearchGPT.  This AI powered search tool is gunning for Google’s search engine crown by being more conversational and informative. SearchGPT is currently…

Bolt’s 15% Driver Bonus: Bolt, a leading ride-hailing company in Nigeria, has offered drivers a 15 percent commission kickback bonus.  This development was revealed in a message the company sent drivers as reported by Technext. Bolt’s 15% Driver Bonus The…

Vodacom’s R7.4 Trillion Mobile Money: Vodacom Group has expanded to the point of getting more than US$ 400 billion (R7.4 trillion) in transaction value annually through its mobile wallet offerings.  The company transacted $ 400.2 billion through its mobile money…