Business

How Evolving Telco Sector Creates Challenges and Opportunities for Emerging Providers

AMA PRESS RELEASE The African telecommunications market has seen significant consolidation over the past decade, characterised by mergers, acquisitions, and closures such as Telecel’s acquisition of MTN’s operations in Guinea-Bissau and Guinea Conakry; as well as its acquisition of Vodafone Ghana. According to Robert van Breukelen, CEO of Itemate Solutions, this comes as mobile financial […]

Read More
News

Awarri Startup Selected for Nigeria’s First AI Project Engages 500 Fellows

Nigeria Reaps from Own tech Talent Programme…  Awarri, the Nigerian startup selected to build the country’s first AI, has engaged over 500 fellows of the federal government’s ‘3 Million Technical Talent’ (3MTT) programme. The aim is to use the cohort as data collectors in building the multilingual large language model. The Minister of Communications, Innovation, […]

Read More
Business

Tesla 12% Stock Value Drop Stirs-up Mixed Reaction Among Investors 

Tesla, the iconic electric vehicle company, experienced a 12% drop in its stock value after presenting mixed results for the year’s second quarter. This behavior in the stock market has generated a mix of concern and expectation among investors. The reported earnings per share were $0.52, which fell short of Wall Street’s expectations of $0.61. […]

Read More
Business

ITU Ranks Nigeria 71% Ready for Digital Transformation, Deployment of 5G Network

A new report of the International Telecommunications Union (ITU), has ranked Nigeria very high at 71 per cent, in comparative legal, policy and governance frameworks towards G5 – advanced state of readiness for digital transformation known as G5 with Germany, Finland and Singapore leading the global chart. In the report conducted by the ITU, and […]

Read More
News

Meta Shuts Down 63,000 Accounts in Nigeria Over Financial Sexual Extortion Scams

Meta Shut Down 63,000 Accounts in Nigeria… Meta Platforms said on Wednesday it had removed about 63,000 accounts in Nigeria that attempted to engage in financial and sexual extortion scams mostly aimed at adult men in the United States. Nigerian online fraudsters, known as “Yahoo boys,” are notorious for scams that range from passing themselves […]

Read More
Business

FCCPC Reveals Depth of  Meta $200m Sanction-Fines, Says Investigations Took Three Years

The Federal Competition and Consumer Protection Commission (FCCPC), has said that the $200 million  fine against Meta Platforms Inc. and WhatsApp LLC was based on discriminatory practices and sanctionable offences committed. The acting Executive Vice Chairman of the Commission, Dr Adamu Abdullahi, said this at a news conference in Abuja, the Nigerian capital city.  He […]

Read More
Business

Experts Harps on Quest for Framework to Amplify Digital Transformation Integration for Women

Nigeria needs to develop a framework for women’s integration of digital transformation to increase their representation in the technology space. Experts who gave the advice at the Nigerian Institute of Management Chartered (NIM) 2024 Women in Management and Leadership (WIMLEAD) Conference in Lagos, southwest Nigeria said that Nigeria had the highest rate of female entrepreneurs […]

Read More
Business

Shareholders Defend Dangote, Fights Back  at NMDPRA CEO, Farouk Ahmed Over Crude Oil Sale Saga

Shareholders have defended Africa’s foremost industrialist, Aliko Dangote over the on-going petroleum product supply controversies, while criticising the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, for deliberate attempt at demarketing Dangote Petroleum Refinery and Petrochemicals. The shareholders under the aegis of Pragmatic Shareholders Association of Nigeria (PSAN) in […]

Read More
Business

Gabonese President Seeks Investment on Cement, Fertilser Production from Aliko Dangote 

President Brice Oligui Nguema of Gabon has invited the President and Chief Executive Officer of Dangote Industries Limited (DIL), Aliko Dangote to invest in Cement and Fertiliser production in Gabon. The President urged Dangote to explore potential investment opportunities in the country’s cement and fertilizer sectors, specifically urea and phosphate production. During the visit, Dangote […]

Read More
Business

NDPC and INEC Hold Talks on Processing of Voters’ Data to Enhance Protection Measures 

The Independent National Electoral Commission (INEC) has sought clarifications and sensitization on data protection from the Nigeria Data Protection Commission (NDPC). This request was made during an interactive meeting between INEC and NDPC at the INEC headquarters. The meeting aimed to ensure the proper protection of personal data of Nigerian citizens in INEC’s database. The […]

Read More