Business

Ecobank Nigeria Appeals Tribunal Judgment on Disputed FIRS Tax Liability

Ecobank Nigeria wishes to provide its position on a statement released by the Federal Inland Revenue Service (FIRS) on the judgement of the Tax Appeal Tribunal (TAT), sitting in Lagos in respect of a disputed tax liability between the Bank and the FIRS for the 2015 financial year. For purposes of clarity, the decision of […]

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Network

Nokia Launches End-to-End 4G and 5G New Radio Slicing

Nokia has announced the launch of new end-to-end slicing network functionality for 4G and 5G New Radio (NR) – the first vendor to offer this capability. The solution will support connectivity from 4G and 5G devices over the sliced network to applications running in private and public clouds and will be available this summer. Nokia’s […]

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Gadgets and Device

Huawei Unveils Mate Xs Foldable Phone-Tablet

Huawei’s Consumer Business Group has unveiled its new line of premium products, including the latest Mate Xs device. Despite a tumultuous 2019, the Chinese technology giant’s consumer business still managed to achieve market share growth, securing its position as the world’s second largest smartphone manufacturer, said CEO Richard Yu during the live-stream launch event from […]

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Technology

Google, Flutterwave to Train 5000 SMEs Across Nigeria

Next week, Google Nigeria, in partnership with digital payments company Flutterwave, will kick off a series of business clinics aimed at helping 5000 merchants across Nigeria acquire the skills and tools needed to leverage the Web for growth. Called the ‘Digital Business Compass’, the first clinic sessions will be run from 3 – 5 March […]

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Social Media

Mastercard Foundation Selects Nigeria, Kenyan Ed-tech Startups for $40k Grant Funding

Nigeria and Kenya ed-tech startups are among the 12 African ed-tech startups selected by The Mastercard Foundation has to receive grant funding of US$40,000 each as well as support in expanding their operations across the continent. Run by the foundation’s Centre for Innovative Teaching and Learning in Information, Communications, and Technology (ICT), the fellows were […]

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E-Commerce

Online Payment Fraud Losses to Exceed $200b Over Next 5 Years

Businesses in eCommerce, airline ticketing, money transfer and banking services, will cumulatively lose over $200 billion to online payment fraud between 2020 and 2024, driven by the increased sophistication of fraud attempts and the rising number of attack vectors. The new research from Juniper Research on: Online Payment Fraud: Emerging Threats, Segment Analysis & Market […]

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Social Media

NCC to Discuss 5G Socio-economic Benefits, Challenges at 2020 Social Media Week

How the Fifth Generation (5G) networks will impact Nigeria’s socio-economic landscape and the inherent challenges to the deployment, will form the fulcrum of a special session to be hosted by the Nigerian Communications Commission (NCC) at the Social Media Week Lagos (SMWL) 2020. As a regulator of the country’s fastest growing and most dynamic sector […]

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Technology

CcHub, British Council Launch Co-creation Pilot Programme

Co-Creation Hub (CcHub) has partnered British Council and Beetfreeks Collective to launch New Narratives Pilot, a co-creation lab pilot designed to prototype solutions that help stimulate more plural and diverse narratives to solve the problem of singular, outdated narratives between Africa and the UK. The partnership will bring 40 digitally-savvy young professionals from both places […]

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StartUps

Lagos Crypto Startup Bitfxt Secures $15m Series A Funding

Lagos crypto-trading startup Bitfxt has raised a US$15 million Series A funding round for infrastructural expansion and the development of new products. Bitfxt allows users to buy and sell digital currencies in real time, but now plans to expand more widely into the blockchain space after raising funding. The US$15 million Series A round comes […]

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FinTech

Fintech Startup Carbon Launches $100k Pan African Entrepreneurship Fund

Fintech startup Carbon has set up a US$100,000 pan-African fund to address the lack of funding and support holding back entrepreneurs on the continent. Consumer lending platform Carbon, which rebranded in April as parent company OneFi continues to transition into being a full digital banking platform after raising US$5 million in debt funding and acquiring […]

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