Financial

Wema Bank Launches Anti-fraud Campaign to Avoid Repeat of 2023 $595,000 Lost

Wema Bank Plc has launched an anti-fraud campaign to avoid the repeat of the setback of  2023, wherein about $595,000 was lost to fraudulent activities, and to protect its customers and other Nigerians against fraudulent activities These incidents, primarily executed through digital channels, highlighted the reality of digital fraud in the banking sector. Wema Bank […]

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Social Media

Meta to Introduce Monetization Feature into Instagram for Nigerian Content Creators

Meta will introduce in June 2024 a feature on its Instagram app that will allow Nigerian creators to monetize their content to enable them to earn a living using the app. Sir Nick Clegg, former UK Deputy Prime Minister and Meta’s President of Global Affairs, broke the news when he led a delegation from Meta […]

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Business

JUST IN: Metaverse Set to End Era of Searching Internet for Infor

There’s a roadmap to a future where technology serves humanity in all its diversity, fostering financial, social and creative inclusivity, and it’s all in Once Upon Tomorrow: Harnessing the New Opportunities the Metaverse Creates (Forefront Books; March 5, 2024) by Xsolla founder Shurick Agapitov. Agapitov envisions a future where every consumer-facing industry, from fashion to healthcare to entertainment, […]

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News

Telecoms Operators Restore Voice, Data Services After Major Undersea Cable Cut 

Following the disruption on March 14, 2024, which affected data and voice services due to cuts in undersea fibre optics along the coasts of Cote d’Ivoire and Senegal, we are pleased to announce that services have now been restored to approximately 90% of their peak utilization capacities.  A statement from the Nigerian Communications Commission, said […]

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Business

Mobile Phones Lead Internet Traffic by 58% Drops 4% Less than in 2022

Although more than 97% of all internet users owned a smartphone last year, almost 2% more than the year before, mobile’s share of total web traffic actually dropped. According to data presented by Stocklytics.com, mobile phones made 57.9% of total web traffic in 2023, or nearly 4% less than the year before. The Second-Largest Web Traffic […]

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Business

Massive Internet Disruption Hits African West Coast Following Undersea Cable Cuts

A combination of cable cuts, resulting in equipment faults on the major undersea cables along the West African Coast, have negatively impacted data and fixed telecom services in several countries of West Africa, including Nigeria, Ghana, Ivory Coast, Senegal, Cote de Ivoire, among others.  The cuts occurred somewhere in Cote de’Ivoire and Senegal, with an […]

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Business

ZTE Partners Moratelindo on Commercialisation of PayTV Powered by Android TV

ZTE Corporation, a  provider of information and communication technology solutions, and Moratelindo, one of the largest public companies in telecommunications infrastructure and network providers in Indonesia, proudly announced a strategic partnership for the commercialization of the Set-Top Box (STB) B866V2FA powered by Android TV. Since 2016, Moratelindo has been developing its internet service retail business […]

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Business

Meta Unveils ‘Creators of Tomorrow’ Campaign in Nigeria Featuring Some Best in Content Creation

Meta has launched ‘Creators of Tomorrow,’ a first-of-its-kind campaign that spotlights five emerging creators in Nigeria who are turning what they love into what they do and sparking a new wave of creativity/community on Instagram.  The spotlighted creators represent various creative industries, including lifestyle, comedy, dance and art. Their inspirational journeys will be amplified through […]

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News

Lagos Governor, Minister & Other Telecoms Stakeholders Witness Airtel Africa Data Centre Ground-Breaking Ceremony

Airtel Africa, a provider of telecommunications and mobile money services with a presence in 14 countries across Africa, has officially broken ground on its first data centre in Lagos, Nigeria. Nxtra by Airtel is set to be one of the largest networks of data centres in Africa, with high-capacity data centres in major cities located […]

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Business

UXLINK Secures Over $9m in Funding from OKX Ventures and UOB Ventures

AMA PRESS RELEASE UXLINK, a Web3 social platform and infrastructure, has closed a new round of funding, accumulating over $9 million total investment. This round’s investors include OKX Ventures, Web3Port Foundation, Manifold, UOB Venture, Comma3 Ventures, Cypher Capital, Kucoin Ventures, Gate Labs, Forgame (0484.HK), ECV, Signum Capital, 7UPDAO, and industry leaders. According to Singapore Corporate […]

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