Lagos, Nigeria – April 30, 2025 Guaranty Trust Bank (GTBank) has announced a revision of its SMS alert charges, with the new rate set at ₦6 per message, up from the previous ₦4. The updated fee structure will take effect on Thursday, May 1, 2025. In a message sent to […]
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China’s factory activity contracted at its fastest pace in 16 months in April, as steep US tariffs took a heavy toll on the manufacturing sector, adding urgency to Beijing’s efforts to roll out fresh economic stimulus. The manufacturing Purchasing Managers’ Index (PMI) fell to 49.0 in April, the weakest […]
Tesla has announced a significant decline in its financial performance for the first quarter of 2025, reporting a 71% decrease in net income to $409 million, compared to $1.4 billion in the same period last year. Revenue also fell by 9% to $19.3 billion, with automotive sales dropping 20% year-over-year. […]
Lagos State Governor, Babajide Sanwo-Olu, has announced that four data centers are currently under construction in Lagos, marking a significant step in the state’s efforts to strengthen its digital infrastructure. This announcement was made at the Lagos House in Marina during a courtesy visit by Her Royal Highness, Princess Alice […]
Through an initiative that aims to strengthen consumer protection in the evolving telecommunications sector while providing a safety net for subscribers who have unused airtime, the Nigerian Communications Commission (NCC) has proposed a 12-month grace period for telecom subscribers to reclaim unused prepaid credits from deactivated mobile lines. This was […]
Equinix, a global digital infrastructure company, has launched its latest data center expansion, LG2.3, in Lagos, Nigeria aiming to bolster the country’s digital economy by providing advanced colocation and interconnection services to businesses driving the region’s digital transformation. During the inauguration which was held in Lagos, Bruce Owen, President of […]
In a progressive movement to promote local manufacturing and reduce reliance on imports, the Federal Government of Nigeria has placed a ban on the importation of solar panels. This decision, announced by the Minister of Science and Technology, Uche Nnaji, during the unveiling of the NEV T6 electric buses in […]
PalmPay, a leading digital payments platform with over 1.1 million agents and merchants, has partnered with Verve, a prominent payment card brand, and launched a debit card that enables seamless and secure transactions. During the 4th edition of Tech Unite Africa which was held in Lagos, Chika Nwosu, the Managing […]
The Computer Guild of Nigeria (CGN) has strongly condemned the recent suspension of Remita, an indigenous payment solution, from the Treasury Single Account (TSA) by the Federal Government (FG). This was contained in a press release issued by the President of the Guild, Wole Adedoyin, who described the decision as […]
With a big shift from its previous focus on business-to-business transactions, Paystack, a Nigerian fintech company owned by Stripe, has launched Zap, a consumer app designed for instant and secure bank transfers marking a grand entry into the consumer payments space. This was disclosed during a live stream on YouTube […]
