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African family businesses outperform global peers in growth

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Ghana fights fraudulent loan applications, cyber-bullying
News

Ghana fights fraudulent loan applications, cyber-bullying

Nigerians seem not to be the only ones battling the issues that come with loan applications as the most recent wave of scammers in Ghana are online lending applications that prey on low-income individuals by obtrusively advertising soft loans that put them in danger. Premium Times reported that one victim from Ghana opted to download an […]

China restricts drone equipment exports over US tech tension
News

China restricts drone equipment exports over US tech tension

China placed export limitations on selected drones and drone-related equipment on Monday, citing the need to protect “national security and interests” amid rising tensions with the US over technological access. According to Reuters, the Commerce Ministry announced that on September 1st, there would be limits on some drone engines, lasers, communication devices, and anti-drone systems. A ministry […]

Loan apps: FCCPC to address rising debt with new policy
featured

FCCPC deletes all approved loan apps

The list of all approved loan applications, also known as Digital Money Lenders, has been removed by the Federal Competition and Consumer Protection Commission from its website. According to Nairametrics, the list, which contains the names of more than 180 loan applications that have been registered in the country, was allegedly removed for “clean-up.” The FCCPC website […]

NCC, Telecom operators urge states to review policies for broadband expansion
News Tech

Businesses must adopt to AI, machine learning to survive – NCC

The chairman of the Nigerian Communications Commission has stated that businesses in Nigeria must adapt to reality because of disruptive technologies like artificial intelligence, the Internet of things, and machine learning, among others, for survival. NCC chairman, Prof Umar Garba Danbatta who was represented by Mr. Alkasim Umar, Director of the Consumer Affairs Bureau at […]

Dangote Cement to establish block-making academy
News

Dangote Cement to establish block-making academy

Amidst the troubling surge in building collapses across Nigeria, Africa’s largest cement manufacturer, Dangote Cement, is making a significant move to tackle the issue head-on. According to a report by NAN, the company is planning to set up a block-making academy to train artisans in producing bricks that meet quality standards. The National Sales Director […]

Aliko Mohammed becomes Nestle Nigeria's non-executive director
Appointments

Aliko Mohammed becomes Nestle Nigeria’s non-executive director

Nestle Nigeria Plc has announced the appointment of Mrs. Maryam Aliko Mohammed as an independent non-executive director. According to Nairametrics, this information was provided in a formal statement that was signed by the company secretary, Bode Ayeku. Part of the official statement read: “Nestlé Nigeria Plc wishes to notify its shareholders, The Nigerian Exchange Limited, and the […]

Worldcoin reacts to Kenyan ban
News Tech

German privacy regulator probes Worldcoin

German privacy watchdog has been looking into OpenAI CEO Sam Altman’s Worldcoin project due to concerns over its extensive processing of private biometric data since late last year. As part of efforts to establish a new “identity and financial network,” Worldcoin, which started last week, asks users to submit iris scans in exchange for a […]

Opay president Olu Akanmu steps down after two years
News Tech

Opay president Olu Akanmu steps down after two years

Olu Akanmu has stepped down as the president and co-CEO of OPay Nigeria, according to a statement he posted on his Twitter profile on Monday. “My gratitude to all my colleagues at Opay for the good work we did together in deepening financial inclusion in Nigeria, ensuring that less and less number of our people […]

TradeFada CEO Seun Dania invests in African crypto firm Patricia
Crypto

TradeFada CEO Seun Dania invests in African crypto firm Patricia

In a LinkedIn post, the founder and CEO of TradeFada, Seun Dania, announced a significant investment in a prominent crypto company in Africa, Patricia. With Patricia being recognized as one of the top exchanges on the continent, this move by Dania is truly momentous. While the specific details of the investment remain undisclosed, the post […]

Meta's Threads app introduces live sports scores feature
Tech

Threads to launch desktop version

Meta Platforms, the parent company of Facebook, is determined to give its newest social media platform, Threads, a fighting chance in the competitive market. The move comes after CEO Mark Zuckerberg revealed that the app faced a significant decline, losing over 50% of its users since its launch. Threads initially made waves, becoming the fastest-growing […]

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