November 2, 2024
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CBN directs business banks to safe approval earlier than altering core banking software 
Technology

CBN directs business banks to safe approval earlier than altering core banking software 

Nigeria’s Central Bank (CBN) has directed commercial banks to get regulatory approval before changing their core banking software, according to two people familiar with the matter. The directive is in response to the impact of…

Chasing AI’s worth in life sciences
Technology

Chasing AI’s worth in life sciences

Impressed by an unprecedented alternative, the life sciences sector has gone all in on AI. For instance, in 2023, Pfizer launched an inside generative AI platform anticipated to ship $750 million to $1 billion in…

The Obtain: US house-building boundaries, and a fusion power facility tour
Technology

The Obtain: US house-building boundaries, and a fusion power facility tour

Plus: Chicken flu has been present in a pig within the US for the primary time That is at the moment’s version of The Obtain, our weekday publication that gives a day by day dose of what…

Only one in 100 Nigerians spends ₦1 million ($609) month-to-month, Piggyvest 2024 report reveals
Technology

Only one in 100 Nigerians spends ₦1 million ($609) month-to-month, Piggyvest 2024 report reveals

New data from savings company Piggyvest confirms that Nigerians’ purchasing power has significantly reduced in the past year. Nigerians are financially worse off than a year ago across several metrics like income, savings, spending, and…

Nigerian fintechs ramp up compliance hiring months after buyer onboarding ban
Technology

Nigerian fintechs ramp up compliance hiring months after buyer onboarding ban

Kuda Bank, Moniepoint, OPay, and Palmpay have responded to the central bank’s April ban by expanding their compliance and fraud monitoring teams, poaching talent from commercial banks and other fintechs.  Since May, Moniepoint has expanded…

Inside a fusion vitality facility
Technology

Inside a fusion vitality facility

This text is from The Spark, MIT Expertise Evaluation’s weekly local weather publication. To obtain it in your inbox each Wednesday, enroll right here. On an overcast day in early October, I picked up a…

The shocking barrier that retains us from constructing the housing we’d like
Technology

The shocking barrier that retains us from constructing the housing we’d like

Forward of abortion entry, forward of immigration, and means forward of local weather change, US voters below 30 are most involved about one subject: housing affordability. And it’s not simply younger voters who’re figuring out…

YC-backed Bamboo expands to Canada with remittance product
Technology

YC-backed Bamboo expands to Canada with remittance product

Bamboo, the Y Combinator-backed investment app that allows Africans to buy and trade local and international stocks, is expanding to Canada after securing the country’s Money Service Business (MSB) licence. The company also launched its…

Nigerian insurtech ETAP expands into Ghana with Hollard partnership
Technology

Nigerian insurtech ETAP expands into Ghana with Hollard partnership

ETAP, a Nigerian insurtech startup that raised a $1.5 million pre-seed in 2022, has expanded into Ghana, after securing an operational license from the country’s National Insurance Commission (NIC). ETAP is expanding into Ghana through…

Globacom will title former MTN Nigeria chief Ahmad Farroukh as CEO
Technology

Globacom will title former MTN Nigeria chief Ahmad Farroukh as CEO

Globacom will appoint Ahmad Farroukh, a former CEO of MTN Nigeria, as its new chief executive, three people with direct knowledge of the matter told TechCabal. It’s a major leadership shift for Nigeria’s third-largest mobile…

The Obtain: coping in a time of arrhythmia, and DNA information storage
Technology

The Obtain: coping in a time of arrhythmia, and DNA information storage

The arrhythmia of our present age   Arrhythmia means the guts beats, however not in correct time—a important rhythm of life out of the blue going rogue and unpredictable. It’s horrifying to expertise, however what if…

Entry Financial institution will get approval to amass Nationwide Financial institution of Kenya in deal regarded as price $100 million 
Technology

Entry Financial institution will get approval to amass Nationwide Financial institution of Kenya in deal regarded as price $100 million 

The Competition Authority of Kenya (CAK) has approved Access Bank’s acquisition of the National Bank of Kenya (NBK) from KCB Group, provided it retains 80% of the staff for one year. The deal will now…