Business

NDPC Set to Tackle NIMC Over Data Protection Regulation Breaches by Licensees 

Following the reported incident of unauthorized NIN verification by expressverify.com, investigation reveals that a third-party who, among others, was originally authorized to provide verification services to citizens and genuine businesses might have allowed expressverify.com to use its NIN verification credentials to conduct verification. The circumstances surrounding this permission is still under investigation. To remedy this […]

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News

Behold South African Billionaire Patrice Motsepe Bidding for Purchase of MultiChoice Group

Multiple reports suggest South African billionaire Patrice Motsepe is in talks with Vivendi SE’s Canal+ to join its multibillion-dollar bid for South Africa’s leading pay-TV provider MultiChoice Group, according to people familiar with the matter. Canal+ is expected to make a formal offer for MultiChoice at 125 rand a share, valuing the company at about $2.9 billion, before April 8 for consideration […]

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Financial

Nigerian Business Leaders Push for Customer Privacy as Third-party Cookies Seeks Google Partnership for Strategic Advantage Seek Competitive Edge in Privacy-First Era, Partner with Some companies from Nigeria joined Google West Africa at a roundtable to discuss the shift towards privacy-first marketing as third-party cookies are phased out. The forum brought together leaders from FairMoney, […]

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Business

Dangote Donates 80,000 Bags of Rice to Lagos Residents

The Aliko Dangote Foundation, (ADF) has flagged-off the distribution of 80,000 10kg bags of rice to the vulnerable in Lagos state. President of Dangote Group and Chairman of the foundation, Aliko Dangote, noted that the gesture is part of the over one million 10kg bags of rice that would be distributed to reach one million […]

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Karl Toriola, MTN Nigeria CEO
 BrandTech

MTN Media Innovation Programme (MTN MIP-3) Opens for Applications

MTN Nigeria Communications Plc and the School of Media & Communications, Pan-Atlantic University have announced call for applications from qualified media practitioners to participate in the 3rd edition of the MTN Media Innovation Programme (MTN MIP-3), which will commence on May 20, 2024, at the Main Campus of the Pan-Atlantic University, Ibeju-Lekki, Lagos.  MTN Nigeria in […]

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Business

AI Companies Lead Unicorn Club as 20 Joins with Combined Valuation of $35bn

Last year, less than 100 companies joined the global unicorn club, the lowest number since 2017 and a steep drop compared to 2022 and 2023, which saw hundreds of private startups valued at $1 billion or more. Still, in a year that showed becoming a unicorn is much harder than before, AI companies turned out […]

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Tiny Desk Concerts Come to NHK WORLD-JAPAN

Artist for inaugural episode: Fujii Kaze TOKYO, JAPAN – Media OutReach Newswire – 27 March 2024 – NHK WORLD-JAPAN is set to produce and air tiny desk concerts featuring Japanese musicians. “tiny desk concerts JAPAN” will be an adaptation of the series originated by the American public broadcaster, NPR. Artists perform in an intimate setting […]

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Financial

JUST IN: CBN Hike Interest Rate to 24.75 %

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has hiked the benchmark interest rate by 200 basis points to 24.75 percent. This is according to a Tuesday communique by the CBN governor Yemi Cardoso after the second MPC meeting of his tenure in Abuja. The new interest rate is a jump […]

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Business

About $900bn Telecoms Market Revenue Opportunity Ready for Telecoms Operators Investing in Cloud & API Services in 2024

Telecoms operators will find revenue growth through the monetisation of enterprise markets, such as cellular IoT, to capitalise on the $900 billion global telecommunications market this year. Despite their significant investment in 5G networks, operators have struggled to monetise the widespread adoption of 5G by consumers. Failing to gain a significant price premium over 4G […]

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MTN Group President and CEO, Ralph Mupita.
 Financial

MTN Exiting Two African Countries to Focus on Huge Revenue Markets

MTN Group has decided to withdraw from two West and Central African markets, as outlined in its recent 2023 report. The telecom giant has agreed to sell its equity interests in Guinea-Bissau and Guinea-Conakry to Telecel. According to the statement in MTN’s financial report for 2023, MTN reached this agreement in December 2023. “Assets and liabilities of […]

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