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FG to decide on $25bn Nigeria-Morocco pipeline in Dec — Kyari

The GMD of the Nigerian National Petroleum Company Limited said that a final investment decision on the $25 billion Moroccan Gas Pipeline Project will take place in December 2024. This was disclosed by Kyari while speaking during a Leadership Dialogue Session at the ongoing CERAWeek, Conference in Houston, United States, on Tuesday, according to The […]

FG moves to restrict Binance, other crypto platforms
Business

Japan’s $1.5trn pension fund eyes Bitcoin diversification

Japan’s Government Pension Investment Fund, which manages more than $1.5 trillion of assets and is the biggest pension fund in the world, announced that it would be looking to diversify a part of its portfolio towards bitcoin. According to the announcement, as part of its diversification efforts, the GPIF will seek information on illiquid alternative […]

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Sex traffickers make $27,252 per victim as illegal profits hit $235bn yearly

The International Labour Organization has disclosed that sex traffickers make $27,252 per victim as forced labour in the private economy generates $236 billion in illegal profits annually. This was disclosed in a new report on its website titled, ‘Profits and Poverty: The economics of forced labour’, from Geneva. As seen by AMBusiness, ILO revealed in […]

South Africa’s Vodacom to cut 80 jobs
News

South Africa’s Vodacom to cut 80 jobs

South Africa’s leading mobile network operator in terms of subscriber base, Vodacom, plans to cut 80 jobs as part of its cost reduction strategy. These job cuts will affect all levels of the company’s operations, impacting its current workforce of 5,400 employees, Bloomberg reports. Following the announcement of the layoffs, Vodacom’s stock price has declined […]

Brass raises funds after withdrawal challenges - Report
Tech

Brass raises funds after withdrawal challenges – Report

Nigerian business banking startup, Brass has secured a capital infusion from a consortium of investors. The startup faced criticism from customers due to delays in processing withdrawals after the bank couldn’t meet up with customer demands, TechCabal reported. The deal, comprising a combination of debt and equity, was finalized last week, although the exact funding […]

CEOs of East Africa's largest fund DOB Equity step down
News

CEOs of East Africa’s largest fund DOB Equity step down

Co-CEOs of Dutch family fund DOB Equity, Saskia Van Der Mast and Hayo Afman, have stepped down, marking a transition in the leadership of one of East Africa’s largest private equity funds. Van Der Mast led the fund for 19 years, while Afman served for 9 years. Taking over the reins of the firm’s day-to-day […]

Linktree enhances user experience with new features
News

Linktree enhances user experience with new features

The link-in-bio startup, Linktree, has unveiled several new features on Tuesday, aimed at enhancing user experience. These include a featured layout designed to highlight links more effectively, the capability to fetch the latest posts from Instagram, and support for a larger profile picture. The new featured layout offers users the ability to spotlight specific links. […]

NIMC, NCC partner to ease NIN-SIM linkage
News

NIMC, NCC partner to ease NIN-SIM linkage

The National Identity Management Commission and the Nigerian Communications Commission have unveiled a strategic partnership aimed at improving processes associated with NIN-SIM linkage. This collaboration was announced through a joint statement signed by Ayodele Babalola, the Technical Adviser for Media and Communications to the DG/CEO of NIMC, and Reuben Muoka, the Director of Public Affairs […]

News

Wike to spend N29bn on Abuja light rail repairs

FCT has allocated N29 billion to the ongoing rehabilitation of the Abuja Light Rail project, in the proposed FCT Statutory Budget of N1.15 trillion. This figure, as disclosed by the Minister of Federal Capital Territory, Nyesom Wike, is part of the N726.3 billion earmarked for capital expenditure in the proposed statutory budget, according to nairametrics. […]

Truecaller app surpasses 450m users worldwide
News

Truecaller adds AI features to block spam calls

The caller ID application Truecaller has recently heightened its efforts in blocking spam calls, now intercepting between 38 and 40 billion such calls annually for its user base of over 374 million individuals. In a bid to entice more users to opt for its premium subscription tiers, Truecaller has enhanced its filtering technology. A new […]

TikTok launches campus verification to help students connect
News

TikTok introduces new reward system for content creators

TikTok has unveiled a new reward program aimed at incentivizing users to create search-optimized, original, and high-quality content. Under this monetization initiative, creators will be rewarded based on four primary metrics: originality, play duration, search value, and audience engagement. TikTok has also introduced a Search Insights tool to provide creators with trending search topics, aiding […]

Zenith bank appoints Adaora Umeoji as CEO
News

Zenith bank appoints Adaora Umeoji as CEO

One of Nigeria’s leading financial institutions, Zenith Bank, is poised to unveil Dame (Dr.) Adaora Umeoji is its incoming Group Managing Director/Chief Executive Officer (GMD/CEO). She will succeed Dr. Ebenezer Onyeagwu, whose five-year tenure as GMD/CEO has come to an end. her appointment aligns with Zenith Bank’s established succession plan, Nairametrics reported. The bank has […]