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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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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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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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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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 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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EU Launches Probe into Meta, Apple and Alphabet Under Sweeping New Tech Law
The European Union on Monday began an investigation into Apple, Alphabet and Meta in its first probe under the sweeping new Digital Markets Act tech legislation. “Today, the Commission has opened non-compliance investigations under the Digital Markets Act (DMA) into Alphabet’s rules on steering in Google Play and self-referencing on Google Search, Apple’s rules on […]
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RETALIATION: China Bans Intel and AMD Chips from Government Kit
Another inevitable wave of reciprocal banning has emerged from China, which now seems to want only Chinese hardware and software on government PCs and servers. The FT was the first to report on it but The Register was good enough to offer a link to the source document. Published with no apparent fanfare late last […]
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Officer in Custody of Escapee Binance Executive Nadeem Anjarwalla Arrested by NSA
Nadeem Anjarwalla, an executive of cryptocurrency platform, Binance, has escaped from custody, according to the Office of the National Security Adviser (NSA), however, the officer in custody of the escapee has been arrested. He is a suspect in the Federal Government’s ongoing probe into Binance activities in Nigeria. But he escaped from custody on Friday, […]
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Nigeria Files Tax Evasion Charges Against Binance
In a significant move aimed at upholding fiscal responsibility and preserving the economic integrity of the nation, the Federal Government has taken legal action against Binance, a prominent cryptocurrency exchange platform. The charges, formally lodged at the Federal High Court in Abuja, were announced on Monday by the Federal Inland Revenue Service (FIRS). Designated as […]
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