Airtel Africa Plc, just like the MTN Group was badly hit by the currency devaluation of the Nigerian Government thereby resulting to losses of up to $4,979 million, which was a decline of 5.3%, and leaving the telecom operator with $550 million for debt payment in May 2024. The Group in its year ended 31 […]
Read MoreThe UK-Nigeria Tech Hub, launched in 2019, and which is part of the International Tech Hub Network delivered by the Department for Science, Innovation and Technology (DSIT) and the Foreign, Commonwealth and Development Office under the UK Government’s Digital Access Programme (DAP), has recorded massive impact on the Nigeria’s tech space. Besides supporting startups in […]
Read MoreThe Central Bank of Nigeria (CBN) has directed deposit money banks and financial institutions to suspend processing fee on deposits till September 30, 2024. In a circular, the apex bank ordered that financial institutions suspend processing charges imposed on cash deposits above N500,000 for individuals and N3,000,000 for corporates. The circular to deposit money banks […]
Read MoreBolt Nigeria has refuted multiple reports of laying off 22 of its 45 employees a few days ago. In an email to Techpoint Africa, Bolt clarified that terminating some employees was not a layoff but a strategy to automate and update many of its customer support and operational processes in Nigeria. Bolt emphasized that it has not laid off any staff […]
Read MoreAliko Dangote Foundation (ADF), in conjunction with the World Economic Forum (WEF) and Forum of Young Global Leaders (YGL), has unveiled gifted and high calibre individuals for the esteemed 2024 class of the World Economic Forum Young Global Leaders (YGL) Dangote Fellows. ADF and WEF, in a statement said, “With great excitement and anticipation, ADF […]
Read MoreThe Central Bank of Nigeria, said that the proposed cybersecurity levy on all banking transactions does include Intra-account transfers within the same bank or between different banks and Inter-branch transfers within a bank. The apex bank in circular had directed banks and other financial institutions to start charging cybersecurity levy on financial transaction. The circular […]
Read MoreUS-based e-commerce giant Amazon has officially gone live with its much-anticipated online marketplace in South Africa, with the launch of Amazon.co.za. Amazon is expected to shake-up South Africa’s e-commerce space and take on established local players such as Naspers-owned Takealot, which comprises Takealot.com, Mr D Food and Superbalist. It is also expected to rival online marketplaces Bob Shop, […]
Read MoreRegistry Africa, the registry operator and administrator of the .africa domain name, is this year celebrating 10 years in the domain name industry. It has also renewed its registry operator agreement with the Internet Corporation for Assigned Names and Numbers (ICANN) for a further 10 years. ICANN is a non-profit partnership of people from across […]
Read MoreTelecommunication operators will invest $26 billion in cloud services in 2024, with expenditure growing to $65 billion in 2028. Telecommunications cloud refers to the implementation of cloud technology, services, and architecture into operator core networks, with this centralisation enabling operators to develop automated network management systems. An extract from the new report, Global Telecommunications Cloud Strategies […]
Read MoreDangote Cement Plc., Ibese Plant has assured that it would continue to complement the efforts of the Ogun State Government in the development of its host communities through capacity building for the people, especially the youths. The company in a statement said it’s committed to development for the prosperity of the people and host communities […]
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