According to The Financial Times’ annual list of Africa’s fastest-growing companies, PalmPay has become the continent’s quickest-growing fintech. Established in Lagos in 2017, this digital finance platform reported a revenue of $63.9 million in 2023 and has increased its workforce to over 1,000 employees.
For the first time in five years, African players can now take part in the $1 million Call of Duty: Mobile (CODM) World Championship. Carry1st announced to Techpoint Africa that its official tournament, the Carry1st Africa Cup, has been officially recognised by Activision as a
The Chief Executive Officer (CEO) of Educare, Alex Onyia, set to lead a class action lawsuit against Joint Admissions and Matriculation Board (JAMB), seeking complete transparency regarding the UTME marking sheet and the scoring details of students for the just concluded UTME exercise. Following his
I wasn’t particularly shocked when Bill Gates recently cautioned that artificial intelligence would transform our workforce. However, his specific examples of which common jobs AI might soon take over made me think twice. As someone who analyzes social and cultural trends for a living, I
The Central Bank of Nigeria (CBN) has levied a fine of ₦250 million ($190,000) on Paystack. According to TechCabal, this penalty is for allegedly operating its new product, Zap, without the necessary licence. Launched in March, Zap is a peer-to-peer money transfer application that acts
Meta, the parent company of Facebook and Instagram, has indicated that it may discontinue its services in Nigeria if the ongoing conflicts with regulatory authorities are not resolved. The technology giant is facing nearly $300 million in penalties and claims that Nigeria’s data protection requirements
GDP, or “Gross Domestic Product,” represents the total monetary value of all goods and services produced within a country over a specific year. A higher GDP signifies that the nation is economically robust and experiencing stable growth. As of 2025, India is ranked as the
U.S. tech stocks tumbled Monday after a small Chinese artificial intelligence startup said it can compete with the likes of ChatGPT and other U.S.-based AI models at a fraction of the cost. DeepSeek, a Hangzhou-based startup founded in 2023, shot to the top of Apple’s App Store free app chart
The President of Dangote Group, Aliko Dangote, has disclosed that his friend who earlier warned him against investing in Nigeria is now taunting him for ignoring his advice. Dangote disclosed this in an interview with PREMIUM TIMES on Sunday just as reports quoted the Nigerian
Dangote Refinery Contains Minor Fire at its Effluent Treatment Plant. The minor fire that gutted a section of Dangote Refinery at its Effluent Treatment Plant has been contained. It was earlier reported that fire gutted a section of the newly launched 650 million barrels per