Femi Falana Sues Meta for $5 Million Over Alleged Privacy Invasion
Renowned Nigerian Lawyer Femi Falana Files $5 Million Lawsuit Against Meta Renowned Nigerian human rights lawyer, Femi Falana, has filed a $5 million lawsuit against Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, over alleged violations of privacy rights. The lawsuit, which was lodged at the Federal High Court in Lagos, accuses […]
How to Protect Your Devices Against Cybercriminals
As cyberattacks become more sophisticated, the importance of protecting personal devices cannot be overstated. Cybercriminals use various techniques to exploit vulnerabilities in phones and computers, causing significant financial and data losses. JUSTICE OKAMGBA highlights expert advice and practical strategies to safeguard your devices and personal information in this detailed guide. The Escalating Threat of Cybercrime […]
Mara, the Crypto Startup Backed by Coinbase, Collapses Amid Leadership Turmoil and $16 Million Loss in 2022
Mara, a pan-African crypto exchange backed by prominent investors like Coinbase Ventures and Alameda Research, faced a dramatic collapse just two years after its launch. The startup, founded in 2021 with a vision to “build Africa’s crypto economy,” burned through $16 million in 2022, with its leadership falling apart and financial mismanagement at the core […]
Tanzania Cracks Down on Predatory Loans, Bans Unlicensed Digital Lenders
The Bank of Tanzania (BoT) has announced a ban on unlicensed digital lenders operating in the country, urging consumers to verify the licenses of loan providers before using their services. This move targets over 100 unregistered apps that offer instant loans, often to individuals without access to traditional financial institutions. The crackdown addresses growing concerns […]
Strengthening the Backbone of Operations: Tunde Balogun Recognized for Automation
By 2023, automation had settled into everyday business reality. Systems were no longer experimental. They were embedded deeply into operations, shaping outcomes quietly and consistently. The challenge was no longer building automation, but living with it. Organizations began to confront an uncomfortable truth: automated systems were only as good as the thinking that designed them. […]
Vella Finance Shifts Focus from Crypto to SME Bankin
Nigerian fintech Vella Finance has announced it will discontinue all crypto-based operations to concentrate fully on serving small and medium enterprises (SMEs). In a recent email to users, Vella confirmed it would shut down crypto trading, deposits, wallets, fiat-crypto swaps, and other crypto services by October 30, marking a shift towards providing end-to-end banking solutions […]
VIBRA Shuts Down Operations Across Africa, Staff Asked to Resign or Face Termination
VIBRA, the Africa-focused cryptocurrency platform co-founded by Vincent Li of African Blockchain Labs, has ceased operations in all three of its markets—Nigeria, Ghana, and Kenya. While initially reported as a Nigeria-only closure, sources have confirmed the shutdown is continent-wide. The company, which raised $6 million from investors like Lateral Frontiers and Everest Ventures, is reportedly […]
Interswitch Launches Google Pay Integration on Its Payment Gateway for Nigerian Merchants and Users
Interswitch, a leading Nigerian payments company, has announced Google Pay integration on its Interswitch Payment Gateway (IPG), enabling users to make global transactions directly from the Google Wallet app. With this new feature, Nigerian merchants and users can now add their debit and credit card details to Google Wallet, allowing seamless online payments using both […]
dLocal Secures Key Licenses in Kenya and Rwanda, Paving the Way for Growth in Africa’s Expanding Payment Marke
Uruguayan fintech company dLocal has strengthened its footprint in Africa by securing payment service provider licenses from the Central Bank of Kenya and the National Bank of Rwanda. This move comes on the heels of dLocal’s recent entry into Nigeria, where it received a similar license from the Central Bank. These approvals mark an important […]
Tinubu’s Tech Manifesto: Ambitious Promises, Limited Understanding of Nigeria’s Tech Ecosystem
In October, Bola Ahmed Tinubu, the presidential candidate of Nigeria’s ruling All Progressives Congress (APC), released his manifesto titled “Renewed Hope 2023 – Action Plan for a Better Nigeria.” Among the key areas addressed in the 80-page document is Nigeria’s tech ecosystem. While commendable for its inclusion of technology, a closer examination reveals gaps in […]
