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World Bank And African Development Bank Pledge $30 Billion To Bring Electricity To Africa

The World Bank and the African Development Bank (AfDB) have pledged $30 billion to help bring electricity to 300 million Africans by 2030. This...

MultiChoice Drops Fibre, Focuses on Fixed-LTE

MultiChoice has quietly discontinued its DStv Internet fibre-to-the-home (FTTH) products, which included bundled offers that combined DStv subscriptions with affordable home fibre packages. Launched...

Peer Lubasch Appointed as New Managing Director for Julius Berger Nigeria

Julius Berger Nigeria Plc has announced a significant leadership transition, appointing Engr. Dr. Peer Lubasch as its new Managing Director, effective October 16, 2024....

Market Volatility: Naira gains Against Dollar

The Nigerian naira has shown a notable recovery against the US dollar, closing at N1,576.10 in the official Investor and Exporter (I&E) window on...

How a NIBSS Error Worsened Flutterwave’s ₦21 Billion Loss

In October 2023, a glitch hit one of Nigeria’s leading fintech companies, Flutterwave, causing a massive financial loss of ₦21 billion (about $26 million...

Instant Transfers Overtake POS in Nigeria’s Cashless Boom

Instant transfers have become the dominant force in Nigeria's cashless economy, driving a remarkable surge in electronic transactions that reached N572 trillion in just...

Nigeria’s Telecom Sector Sees 102% Increase in VAT Revenue

Nigeria's telecom sector has experienced a remarkable 102% growth in Value Added Tax (VAT) revenue between 2022 and 2024. According to recent data, VAT...

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