Author: Staff Writer

The Orange Business Intelligence Technology team ORBIT, which is the research and tech unit for Orange Group Nigeria recently released its smartphone and application penetration study for Quarter 4, 2022. Spanning across social media to entertainment, to banking and much more, the report is an eye-opener into the diverse trends…

Tech giant Google has stated in a recent update that apps aiming to provide or facilitate personal loans may not access user contacts or photos effective from May 31, 2023. Hitherto, loan apps in Nigeria make it compulsory for users to grant permission to access their photos and contacts. The loan…

Emirates Telecommunications Group Company (etisalat by e&) announced that it has agreed to acquire 50.03% of Careem Super App developed by Uber Technologies and its subsidiary Careem for $400 million With this investment, e& will become a majority shareholder in Careem’s super app, alongside Uber and all three of Careem’s…

The Federal Competition and Consumer Protection Commission (FCCPC) has released a list of 173 companies approved to provide digital lending services in Nigeria. In a statement released by FCCPC on its website on the 8th of April 2023, 129 companies were given full approval, while 49 were given conditional approval.…

Forex trading is a difficult task that requires a good understanding of how the market works, how economic indicators work, and how to trade. However, many traders overlook the importance of psychology in forex trading. The mental part is just as important as the technical and fundamental parts. Traders who…

Crypto exchange Paxful announced that it is shutting down due to regulatory challenges for the industry. The Founder and CEO, Ray Youssef made this statement in a message on the platform. According to him, Today, Paxful will be suspending its marketplace. We are not sure if it will come back.…

In today’s world, tasks have become more manageable for modern homeowners and business owners alike. Using mobile phones, anyone can turn on robot cleaners, regulate a room’s thermostat, lock doors, and adjust light bulbs for better brightness and ambiance. Aside from communicating with your appliances and gadgets through your phone…

Virgin Orbit, the satellite launch company, founded by Richard Branson has filed for bankruptcy protection in the US after failing to raise funds to keep afloat. This news comes within a week that the company announced it was letting go of 675 employees, about 85% of its workforce, leaving about 100…

The United Kingdom privacy watchdog has fined Chinese TikTok £12.7 million ($16 million) for misusing children’s data and violating other protections for users’ personal information. According to a statement from the Information Commissioner’s Office (ICO), TikTok allowed up to 1.4 million UK children under 13 to use its platform in…

Shuttlers, a Nigerian ride-sharing startup has raised $4 million in a funding round led by Verod-Kepple Africa Ventures (VKAV). Other participants include VestedWorld, SheEquity, CMC 21 & Alsa, and EchoVC. The same startup recently raised $1.6 million in a seed funding round, bringing their total funds raised since their inception…

African Payments Unicorn, Interswitch, announced that it set a new record in transaction volume processing, hitting over 1 billion transactions in a month, precisely the month of March 2023. This represents 58% growth over the previous month’s total transaction volumes processed. To put it in the right context, for the…

Endeavor Group, a global leader in entertainment, sports and fashion, is in talks to acquire World Wrestling Entertainment, Inc, (WWE). According to a Bloomberg report, the deal could be announced next week. The deal will see Endeavor, the parent company of UFC, merging UFC and WWE to form a new…

The United States is currently the world’s largest economy, with a nominal GDP of USD$23.0. It’s also among the globe’s fastest-growing economies, a reason most international large-scale businesses find it more appealing to invest in the country. Opening a bank account is among the perquisites for establishing a business in…

Access Bank has become the first Nigerian bank to issue the first live card of Nigeria’s national card scheme called AfriGO Card. The AfriGO card scheme is the result of a collaboration between the Central bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement System (NIBSS) At its launch in…

Africa’s premier Growth Agency, alGROWithm recently announced that applications are open to startups from Nigeria & Kenya for their Growth Talent Accelerator Programme (GTAP) 2023. This programme is designed to upskill key startup team members into expert Growth Engineers for their businesses. alGROWithm’s GTAP is aimed at solving the scale…

Spotify, an audio streaming and media services company, announced that it has made a donation to Ghana’s Vibrate Space through its $100 Million Creator Equity Fund. Vibrate Space, operated by Surf Ghana in Accra, is a community recording studio and music business program that offers education and mentorship for young Ghanaian artists…

Payday, a Nigerian neobank, announced that it has raised $3 million in a funding round led by Moniepoint Inc. Other participants in the funding round include HoaQ, DFS Lab’s Stellar Africa Fund and angel investors such as MFS Africa chief Dare Okoudjou and Norebase CEO Tola Onayemi. Existing investors such…

Redmi Note 12 Series continues to bring flagship-exclusive features to upper-mid range devices, redefining photography, and overall user experiences. Lagos, Nigeria, March 28th, 2023 – Xiaomi today announced the highly anticipated Nigeria release of Redmi Note 12 Series at a launch event held at the Lagos Marriott Hotel in Ikeja. Available for the Nigerian market…

Twitter owner, Elon Musk, has stated that as from April 15 2023, only verified accounts will be eligible to be in For You recommendations. Twitter’s “For You” tab, is the first screen that users see when they open the social messaging app. The tweets are curated using an algorithm. That…

Apple has launched Apple Pay Later, its Buy Now, Pay later service in US. The tech giant had announced that it would would launch the service last year along with its new operating system, iOS 16. Apple Pay Later allows consumers split purchases into four payments, spread over six weeks with…