Business
Banks, MTN, Others Affected by Undersea Cable Damage in Parts of Africa
Damage to multiple undersea cables off the west coast of Africa has resulted in widespread internet outages across the continent, impacting telecommunications companies,...
Xiaomi to Start Sale of its First Electric Car from March 28
Beijing-based electronics giant Xiaomi has officially announced March 28 as the release date of its highly anticipated first electric vehicle (EV), the Speed...
Interswitch Ventures into Nigeria’s Telecom Sector with MVNO License
Payments leader Interswitch is making a strategic move into Nigeria’s telecommunications sector. The company, known for its Verve debit cards, acquired a Tier...
Nigeria’s Trade Recovery Lags Behind Despite AfCFTA Implementation
Nigeria’s trade with African countries has struggled to regain momentum following the COVID-19 pandemic despite the enactment of the African Continental Free Trade...
Telegram Eyes Profitability and Public Offering After User Boom
The popular messaging app Telegram is nearing financial independence and setting sights on a future initial public offering (IPO). In a recent Financial...
Lagos Govt Warns Uber to Adhere to Data Sharing Protocols or Face Sanctions
The Lagos State Government has warned Uber Technologies System Nigeria Limited of potential sanctions for the company’s alleged failure to adhere to essential...
LemFi Appoints Allen Qu as VP of Growth to Lead Expansion into Chinese Market
LemFi, a fintech firm specializing in international payment solutions, has appointed Allen Qu as Vice President of Growth to spearhead its expansion into...
Flutterwave Shuts Down Barter to Focus on Enterprise, Remittance
African fintech giant Flutterwave is discontinuing its consumer virtual card service, Barter, to prioritise its enterprise and remittance business segments. Over the past...
Following Binance Exit, CBN Partners With Blockchain Firm Gluwa, to Propel eNaira Adoption
The Central Bank of Nigeria (CBN) has sealed a partnership with blockchain credit infrastructure firm, Gluwa, to accelerate the adoption of eNaira. eNaira...
After Listing his Power Firm, Tony Elumelu Advices FG to Privatise Electricity Transmission
Nigerian business magnate, Tony Elumelu, a key figure controlling 15% of the nation’s electricity market, has called on the government to initiate the...
CBN Requires Monthly Financial Returns from Microfinance, Mortgage and Development Banks
The Central Bank of Nigeria (CBN) has instructed Microfinance Banks (MFBs), Primary Mortgage Banks (PMBs), and Development Financial Institutions (DFIs) to submit their...
Cascador Launches 2024 Accelerator Program for Mid-Stage African Entrepreneurs
Cascador, an accelerator program supporting mid-stage African entrepreneurs, has opened applications for 2024 with a focus on business growth and leadership development. This...