November 8, 2024
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Category: Technology

Central Financial institution of Nigeria withdraws Cellulant’s cellular cash licence as firm focuses on cost options
Technology

Central Financial institution of Nigeria withdraws Cellulant’s cellular cash licence as firm focuses on cost options

The Central Bank of Nigeria (CBN) has revoked the mobile money licence of Cellulant Nigeria, a subsidiary of one of Africa’s oldest fintech companies Cellulant Corporation, according to a letter addressed to the company and…

How CAF president Patrice Motsepe may impression Canal+’s bid for MultiChoice
Technology

How CAF president Patrice Motsepe may impression Canal+’s bid for MultiChoice

Patrice Motsepe, the president of the Confederation of African Football (CAF) and one of Africa’s richest persons, is reportedly in talks to join Canal+’s bid for MultiChoice. Motsepe’s involvement could impact the deal in numerous…

Surging inflation is forcing auto finance startups to rethink their financing methods to take care of demand
Technology

Surging inflation is forcing auto finance startups to rethink their financing methods to take care of demand

Startups that provide financing support to Nigerians planning to own a vehicle are readjusting their strategies to keep demand stable as inflation continues to rise, pushing vehicle prices higher. Auto finance companies enable consumers to…

SA telcos are promoting off their towers. Right here is why
Technology

SA telcos are promoting off their towers. Right here is why

Telkom last week announced an agreement with a consortium of buyers to sell off its towers subsidiary, Swiftnet, for $356 million. Telkom said that the sale aligns with the company’s strategy to sell off non-core…

Mortgage defaults eat into Kenya’s banking large Fairness Group’s earnings
Technology

Mortgage defaults eat into Kenya’s banking large Fairness Group’s earnings

Equity Group, a Kenyan bank with assets worth about $10 billion across East Africa, has reported a 6.5% decline in net profits from $341.9 million to $320.4 million for the year ended December 31, 2023,…

GTBank loses business financial institution standing after Financial institution of Uganda downgrade
Technology

GTBank loses business financial institution standing after Financial institution of Uganda downgrade

The Bank of Uganda (BoU), Uganda’s apex bank, has reclassified Guaranty Trust Bank (GTBank) from a Tier I commercial bank to a Tier II credit institution. The bank, alongside two others, had applied for the…

Entry Holdings’ Hydrogen posts first revenue in two years
Technology

Entry Holdings’ Hydrogen posts first revenue in two years

Hydrogen, the fintech arm of Access Corporation, holding company of Nigeria’s biggest bank by assets, declared profits of ₦161 million at the end of 2023. This is the first time Hydrogen will be posting profits…

CAF president Patrice Motsepe to hitch Canal+’s bid for MultiChoice
Technology

CAF president Patrice Motsepe to hitch Canal+’s bid for MultiChoice

Patrice Motsepe, president of the Confederation of African Football and South Africa’s richest black man, is in talks to join Canal+’s bid for MultiChoice, according to reporting by Bloomberg. The report further states that the…

Kenya Airways cuts down losses, information first working revenue in years
Technology

Kenya Airways cuts down losses, information first working revenue in years

Kenya Airways (KQ) has cut its net loss for the year ended December 31, 2023. The national carrier recorded the first operating profit in nearly seven years on the back of higher revenues after passenger…

2024 NYSC updates and solutions to main questions
Technology

2024 NYSC updates and solutions to main questions

The National Youth Services Corps (NYSC) scheme is one of the most prominent programs for Nigerian graduates of tertiary institutions. For every NYSC stream mobilisation, there are usually similar questions bugging the minds of potential…

The best way to simply do your 2024 NYSC Biometrics on-line your self
Technology

The best way to simply do your 2024 NYSC Biometrics on-line your self

As a prospective NYSC corps member (PCM) in 2024 and beyond, completing your biometrics is a vital step in the NYSC registration process. Here, we’ll show you through the process clearly and concisely. Important Note:…

2024 NYSC registration procedures for all batches and streams 
Technology

2024 NYSC registration procedures for all batches and streams 

The National Youth Service Corps (NYSC) program is a mandatory one-year service for all Nigerian graduates of tertiary institutions within the eligible age bracket and in the right physiological and psychological conditions. This guide helps…