News
UBA Lost ₦1.14 Billion to Fraud in 2024 Despite Record Profits
United Bank for Africa (UBA) lost ₦1.14 billion ($744,200) to fraud in 2024, even as it recorded a profit after...
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Meta Executives Get Huge Bonuses Despite Recent Layoffs
Meta executives are cashing in big this year, even as the company slashes jobs and cuts employee stock options. A...
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Paystack Enters Consumer Payments with Zap, a Fast Money Transfer App
Paystack, Nigeria’s leading online payment processor, is making a bold move into consumer payments with Zap, its new money transfer...
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MTN Nigeria Loses Top Revenue Spot After ₦400.4 Billion Loss
MTN Nigeria has lost its status as MTN Group’s top-earning subsidiary for the first time since 2019. The telecom giant...
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Microsoft Pledges $298 Million to Boost AI and Data Centres in South Africa
Microsoft is strengthening its presence in South Africa with a massive $298 million investment in artificial intelligence (AI) and data...
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Moniepoint Partners with AfriGo to Launch Five Million Contactless Cards in Nigeria
Nigerian fintech giant Moniepoint has partnered with AfriGO, Nigeria’s national domestic card scheme, to introduce five million contactless payment cards....
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Could Flutterwave’s IPO Transform Nigeria’s Stock Exchange?
Flutterwave, Nigeria’s most valuable fintech startup, might be inching closer to an Initial Public Offering (IPO) on the Nigerian Exchange...
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Apple Commits $500 Billion to US Investments, Creating 20,000 Jobs
Apple has announced a massive $500 billion investment in the United States over the next four years, marking its largest-ever...
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Meta Executives Get Huge Bonuses Despite Recent Layoffs
Meta executives are cashing in big this year, even as the company slashes jobs and cuts employee stock options. A...
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Nigeria Hits 1 Million Terabytes in Internet Usage for the First Time.
Nigeria’s internet consumption has crossed a major milestone, surpassing 1 million terabytes for the first time in January 2025. According...
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