Bosun Tijani’s appointment as Nigeria’s Minister of Communications, Innovation, and the Digital Economy can be said to have been widely acceptable among people within Nigeria’s tech ecosystem. This acceptability comes from Tijani’s wealth of experience within the space and his direct and indirect influence in building
Enugu state governor, Peter Mbah, has appointed Obi Ozor, the co-founder and CEO of Kobo360, as the commissioner of transport. Obi Ozor, the co-founder and CEO of Kobo360, a pan-African logistics startup, has been appointed as the commissioner of transport in Nigeria’s Southeastern state, Enugu. Obi
The apex bank in 2021 prohibited the sale of foreign exchange to BDC operators due to their unauthorised sales of foreign exchange above the market they were authorised to serve. Prior to the ban, BDC operators were a major black market, providing exchange rate support
Facebook‘s parent company, Meta, has finally unveiled Threads, a highly anticipated alternative to Twitter. Meta CEO, Mark Zuckerberg describes Threads as a “friendly” app that aims to address the reputation challenges faced by Twitter since its takeover by controversial tech billionaire Elon Musk last year. Musk’s decision to monetize previously
Apple is the first publicly traded company to close a trading day with a $3 trillion market value. The company’s shares climbed about 2.31% on Friday to a new high. The tech giant first reached a $3 trillion market cap back in January 2022, but failed
Article Summary Last month, Femi Otedola acquired a 5.52% stake in Transcorp Plc, making him the second-largest investor and setting him on the path to take over the company. But the acquisition set off a power struggle at Transcorp, with Tony Elumelu’s camp eventually securing
On Sunday, payments fintech Flutterwave denied a Techpoint report that hackers stole ₦2.9 billion of customer funds. In its response to the story, Flutterwave said it noticed unusual activities in its systems and told users to activate safety protocols. But it insisted that customers did not lose any funds.
After Silicon Valley Bank’s closure, nearly $175 billion of customer deposits are now under the control of the Federal Deposit Insurance Corporation.New Delhi: Silicon Valley Bank, known for lending money to some of the biggest technology startups, collapsed on Friday sending investors and depositors into a
All-in-one business platform Moniepoint (formerly known as TeamApt), today announces the appointment of Pawel Swiatek as Chief Operating Officer. Pawel joins the business from Capital One, where he served as Managing Vice President for over four years. At Capital One he was responsible for the
Since the Central Bank of Nigeria (CBN) announced restrictions on cash withdrawals for businesses and individuals in December 2022, POS agents feel targeted. To limit the use of cash by Nigerians, the CBN has ordered commercial banks to limit weekly cash withdrawals to £100,000 for