Nigerian Fintech Loses Over ₦146 Million in Recovered Funds After Recovery Account
In early 2024, Nigerian financial institutions reported a staggering 11,472 fraud cases, highlighting the growing risk in the financial sector....
Andela appoints Carrol Chang, ex-Uber Executive, as new CEO
Andela, the company that became a unicorn by growing from a talent outsourcing firm, has now hired Carrol Chang, an...
ChatGPT’s OpenAI strikes deal with Vogue Owner
OpenAI and global magazine giant Condé Nast just recently announced their partnership which allows ChatGPT and its search engine SearchGPT...
Scammers infiltrate Nigerian crypto trading social media groups
Nigerians have been getting more and more involved in the Web3 space with crypto trading groups becoming very much rampant....
Zone and NIBSS partner to cut POS fraud with blockchain technology
In an interesting partnership, Nigerian blockchain payments company Zone and the Nigerian Inter-Bank Settlement Scheme (NIBSS) are introducing blockchain technology...
Nigeria to Begin Crude Oil Sales to Dangote Refinery in Naira by October 2024
The Nigerian government will start selling crude oil to the Dangote Refinery in naira from October 1, 2024. Wale Edun,...
Renew Capital Expands West African Portfolio, Targets Tech-Enabled Startups Across Africa
Renew Capital, a venture capital firm co-founded by Matt and Laura Davis, is expanding its footprint in Africa after stepping...
Jumia Raises $99.6 Million Through Share Sale to Support Expansion
In just a very short period of ten days, Jumia ($JMIA) has closed the sales of 20 million ordinary shares...
Elon Musk’s Starlink Is Building Ground Stations In Lagos, Ogun And Rivers State To Enhance Connectivity
Starlink is looking to set up ground stations across Nigeria in a move strictly aimed at improving the connectivity in...
53 African Startups Shut Down Over the Past Decade as Funding Drops by Nearly 50% in 2023
In Africa, the period since 2010 has witnessed the collapse of many startups due to funding challenges, internal struggles and...
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