Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890, effective from Saturday. This price adjustment is in response to favourable developments in the global energy sector and a significant decline in international crude oil prices. Dangote Refinery’s decision reflects its commitment to aligning […]
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Ecobank Nigeria, an affiliate of Ecobank Group, has awarded a total of N42 million to its customers through the Super Reward “Millionaire Geng Promo.” This six-month promotion, which ran from July 1 to December 31, 2024, saw customers of the Pan-African bank winning various monetary rewards in monthly, quarterly, and grand prize draws. The breakdown […]
Read MoreVitel Wireless (Vitel) becomes the first Mobile Virtual Network Operator (MVNO) in Nigeria to be assigned a mobile number series by the Nigerian Communications Commission (NCC), marking a key milestone in the country’s telecoms industry. According to the company, the assignment of mobile number series 0712 to Vitel Wireless represents a watershed moment in Nigeria’s expanding […]
Read MoreNigerian mobility company, Moove has finalised the acquisition of Brazilian car rental start-up Kovi in an all-share deal that will expand its Latin American operations. Moove, a mobility fintech sponsored by Uber that provides vehicle finance to ride-hailing and delivery app drivers on six continents, will now fully own Kovi. Ladi Delano, co-founder and CEO […]
Read MoreLemFi, a Nigerian-born pan-African fintech founded by Ridwan Olalere and Rian Cochran, received approval from the Central Bank of Ireland to acquire Buttercrane, an Irish currency exchange platform. The acquisition comes as LemFi expands its international payment services, having entered the Brazilian and Mexican markets last year. In a statement issued on Wednesday, LemFi stated […]
Read MoreThe year 2025 will be the year that human resources (HR) professionals will get real about what artificial intelligence (AI) means for their function, with a view towards moving beyond inflated expectations towards considering how AI tools can help them deliver tangible business outcomes. That’s according to Sonia Tshabalala, Regional People Director at Sage Africa and […]
Read MoreThe African SAP User Group (AFSUG) and SAP are teaming up to deliver the first-ever regional AFSUG SAP Business Technology Platform (BTP) Hackathon. Finalists will showcase their prototypes at SAPHILA 2025, the premier SAP user conference for Africa, where the winners will also be announced. SAPHILA, which will be held this year from 1 to 3 June […]
Read MoreIt was a resounding bells of a successful performance for the Airtel Africa Plc brand as recorded in its nine-month period ended 31 December 2024, which was released today. According to the pan-Africa telecoms operator, it grew its revenues of $3,638m by 20.4% in constant currency but declined by 5.8% in reported currency as currency […]
Read MoreNvidia experienced an unprecedented single-day market capitalization loss of nearly $600 billion, with its stock price dropping 17% to close at $118.58. This event, triggered by the emergence of Chinese AI laboratory DeepSeek’s new open-source large language model, has sent ripples through the tech sector and raised questions about the future of AI hardware demand. […]
Read MoreIn the heart of Nigeria’s digital economy, a story of patriotism and resilience unfolds. The telecommunications sector, a driving force behind the country’s growth, has been facing unprecedented challenges. Despite its significant contributions to Nigeria’s social and economic development, the sector has been struggling to keep up with the rising costs of operations. For nearly […]
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