CBN Approves Currenzo License to Boost Direct Remittances to Nigeria

The Central Bank of Nigeria (CBN) has granted an International Money Transfer Operator (IMTO) license to Currenzo, the Nigerian arm of global fintech company Africhange. This strategic license will enable Currenzo to facilitate direct remittances into Nigeria, aiming to provide Nigerians both at home and abroad with faster, more affordable transfer services.

Truecaller Founders Step Back, Rishit Jhunjhunwala Named New Global CEO

Alan Mamedi and Nami Zarringhalam, co-founders of the popular call-identification app Truecaller, have announced their decision to step back from daily operations, appointing Rishit Jhunjhunwala as the company’s new Global CEO. The founders, who will remain on the board and serve as advisors, expressed their confidence in Jhunjhunwala’s leadership to guide Truecaller’s future growth.

Bitcoin Soars Past $75,000 as Trump Victory Boosts Market Optimism

The cryptocurrency market surged to record highs on Wednesday, with Bitcoin leading the rally after former President Donald Trump’s return to office in the U.S. presidential election. Bitcoin, the largest cryptocurrency, jumped 8% to exceed $75,000, breaking its previous record set earlier this year. Other popular digital currencies, including Ethereum and Dogecoin, also saw significant gains, while crypto-related stocks surged amid hopes for a more supportive regulatory environment under Trump.

Moniepoint Appoints Former Stanbic IBTC's Bayo Olujobi As CFO

Moniepoint, a leading Nigerian fintech with a strong foothold in agency banking, has appointed Bayo Olujobi, former Chief Financial Officer at Stanbic IBTC, as its new CFO. This strategic hire signals Moniepoint’s ambition to expand its financial services, potentially positioning itself for a transition from microfinance into full commercial banking in Nigeria.

Canada Blocks TikTok's Business Expansion Over National Security Concerns

Canada has officially halted TikTok's plans to expand its business operations within the country, citing concerns over national security and data privacy linked to its parent company, the Chinese tech giant ByteDance. While Canadians can still use TikTok to create and share content, the app’s ambitions for broader commercial operations in Canada have been effectively blocked.

WTA CEO Defends Decision to Host WTA Finals in Saudi Arabia Amid Scrutiny

In her first major media appearance since taking over as CEO of the Women's Tennis Association (WTA) in July, Portia Archer addressed the decision to stage the WTA Finals in Saudi Arabia, a move that has sparked debate. 

Nigerian Exchange Index Drops 0.54% as Investors Lose N318 Billion Amid Bearish Sentiment

The Nigerian Exchange Ltd. (NGX) closed Monday’s trading session on a downward trend, with market capitalisation falling by N318 billion (0.54%) from N59.039 trillion to N58.721 trillion. The All-Share Index declined by 524.3 points, or 0.54%, closing at 96,907.73, down from Friday’s 97,432.02. This downturn reduced the Year-To-Date (YTD) return to 29.60%.

Apple Set to Acquire Popular Image Editing App Developer, Pixelmator

Apple has announced plans to acquire Pixelmator, the celebrated image editing company known for its sophisticated yet user-friendly applications. In a recent blog post, the Pixelmator Team confirmed the acquisition, assuring users that no major changes will be made to its suite of apps, including Pixelmator Pro, Pixelmator for iOS, and Photomator, as the acquisition undergoes regulatory review.

MTN Nigeria Plans to Raise N50 Billion in Local Debt Market

MTN Nigeria Plc, one of the country's leading telecommunications firms, has unveiled plans to secure up to N50 billion through commercial paper sales in Nigeria’s debt capital market.

Nigerian Exchange Restores Trading on Oando Energy Shares

The Nigerian Exchange (NGX) has lifted the suspension on trading of Oando Energy Plc shares after the company submitted its 2023 audited financial statements, meeting regulatory requirements.

Federal Government Appoints Top Tech Leaders to Steer Nigeria’s 3 Million Technical Talent (3MTT) Initiative

In a bold step to fast-track Nigeria’s ambitious “3 Million Technical Talent” (3MTT) initiative, the federal government has appointed a distinguished advisory committee composed of renowned figures in the technology sector. This committee, led by Emeka Afigbo, Senior Director of Developer Success at Okta, will shape the program’s strategic direction, focusing on equipping three million Nigerians with the digital skills needed to thrive in Nigeria’s expanding digital economy and compete on the global stage.

TECNO’s #ToneProud Campaign Champions Inclusivity in Imaging, Tackles Skin Tone Bias with Advanced AI Technology

As Artificial Intelligence (AI) and technology continue to shape visual narratives worldwide, one question persists: Are smartphones capable of authentically capturing the rich diversity of human skin tones, especially in emerging markets? TECNO, a leader in multi-skin tone imaging, is taking a stand on this issue through its newly launched #ToneProud campaign, which promotes awareness of skin tone diversity and accurate representation in imaging technology.

67th Annual GRAMMY Awards Nominees to Be Announced via Live Stream on November 8

The Recording Academy is set to unveil the 67th Annual GRAMMY Awards nominees during a live-streamed event on Friday, November 8, 2024.