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The well-known e-hailing service Bolt South Africa is working hard to enhance the experience for its driver partners in Africa. In addition to expanding to Cairo, Egypt, it debuted a brand-new function called ‘Driver Destination.’ The company intends to improve…
Uber Nigeria, one of the major ride hailing services, has received a sanction notification from the Lagos State Government. This is due to the refusal of the company to align with the data-sharing agreement it had with the state. What…
Three of the biggest banks in the country – Zenith, First Bank and UBA – have joined Zone’s decentralized payment network. Zone, the fastest-growing payment infrastructure company in Africa, has announced the onboarding of tier-1 banks onto its regulated blockchain-based…
In 2018, Tesla decided to award Elon Musk a mind-blowing $56 billion pay package. That huge sum of money catapulted him to the top of the world’s richest lists. However, things took a turn recently when a judge named Kathaleen…
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…
