Globacom’s Market Share Shrinks
Globacom, one of Nigeria’s largest telecom providers, recently experienced a sharp decline in its subscriber base, dropping from 62.1 million […]
Access Bank’s Acquisition of National Bank of Kenya Secures Approval
The Competition Authority of Kenya (CAK) has approved Access Bank’s acquisition of the National Bank of Kenya (NBK) from KCB
Moniepoint Becomes Nigeria’s Latest Unicorn
Moniepoint, a fast-growing Nigerian fintech startup, has raised $110 million in a new funding round led by Development Partners International
Starlink’s Price Hike in Nigeria Sparks Potential Regulatory Sanctions
Elon Musk’s satellite internet provider, Starlink, has found itself in hot water with Nigeria’s telecom regulator, the Nigerian Communications Commission
Power Outage at MainOne’s MDXi II Data Center
MainOne, an Equinix-owned digital infrastructure company, experienced a one-hour power outage at its MDXi II data center in Lekki,
Leatherback CEO Ibrahim Ibitade Steps Down
Ibrahim Ibitade, the co-founder and CEO of Leatherback, a rising star in the cross-border payments space, has officially stepped down
Banking on Change
In recent months, several Nigerian commercial banks have migrated to new core banking applications, driven by a need for customization,
BasiGo Secures $41.5 Million in New Funding
BasiGo, an electric bus startup founded in 2021 by Jonathan Green and Jit Bhattacharya, has closed a $24 million Series
BUSINESS
GTBank’s Strategic Salary Raise
In September 2024, Guaranty Trust Bank (GTBank) discreetly raised salaries for all 3,300 of its employees by 40%, marking a