Facebook, Instagram May Exit Nigeria Over $290m Dispute
Three federal agencies have imposed fines on Meta so far in 2025. The Federal Competition and Consumer Protection Commission led the charge with a $220 million sanction.
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CBN Swings to Profit in 2024 After Shocking Trillion-Naira Loss
These revaluation gains, which arise when the value of the bank’s assets—such as bonds and foreign reserves—increase, soared to N1.89 trillion this year.
Flutterwave CTO Steps Down After Three-Year Run
Dhillon joined the African payments firm in 2022 after leaving Goldman Sachs. His time at Flutterwave coincided with a significant period of growth and restructuring, with Dhillon playing a key role in building the company’s tech stack, leading engineering and product teams, and boosting Flutterwave’s infrastructure.
MTN Users Reconnect After Two-Week Kogi Blackout
Residents in parts of the state regained partial access to services before the full restoration on Friday morning. According to eyewitnesses, the signal returned around 11:30 a.m., ending a frustrating period of total disconnection that hit travellers and residents alike.
This Week on Techstoriex: Starlink’s Surprise, CBN’s Crackdown & MTN’s Kogi Woes
It’s been a heavy week in Nigeria’s tech and finance sectors—Starlink stirred fresh controversy with another price hike, GTBank slipped in a subtle SMS charge increase, Paystack got slammed with a major fine, MTN lost its Kogi grip, and the AfDB dropped a reality bomb on Nigeria’s economy. Here’s a three-paragraph breakdown of each story […]
Bolt Tests Electric Tricycles in Lagos with 15% Driver Cut
The launch extends Bolt’s current tricycle services already active in Jos and Uyo, but this is the first time it’s bringing electric versions into Nigeria’s commercial capital.
Nigeria’s Economy Shrinks Below 1960 Levels, Says AfDB Chief
Nigerians are worse off today than they were at independence 64 years ago, he stated, urging urgent action to reverse the troubling trend.
Miva Eyes 1m Students, Launches Lagos Hub for Hands-On Learning
The new Lagos facility features cutting-edge computer-based testing (CBT) infrastructure and will soon include a virtual lab tailored for computer science students. This setup is designed to support practical learning while staying true to Miva’s digital-first delivery model.
CBN Grants Licence to Firm Targeting MSMEs
With its newly acquired licence, the firm is set to offer a broad suite of financial solutions, including funds management, advisory services, and loan products such as asset loans, MSME support, payday loans, and education financing.
Nigerians on Alert as SEC Flags Suspicious Crypto Site
Investigations show the site offers investors unusually high returns with minimal risk, while depending heavily on a referral structure to pay users.
Top on the week
Facebook, Instagram May Exit Nigeria Over $290m Dispute
Three federal agencies have imposed fines on Meta so far in 2025. The Federal Competition and Consumer Protection Commission led the charge with a $220 million sanction.
CBN Swings to Profit in 2024 After Shocking Trillion-Naira Loss
These revaluation gains, which arise when the value of the bank’s assets—such as bonds and foreign reserves—increase, soared to N1.89 trillion this year.
Flutterwave CTO Steps Down After Three-Year Run
Dhillon joined the African payments firm in 2022 after leaving Goldman Sachs. His time at Flutterwave coincided with a significant period of growth and restructuring, with Dhillon playing a key role in building the company’s tech stack, leading engineering and product teams, and boosting Flutterwave’s infrastructure.
MTN Users Reconnect After Two-Week Kogi Blackout
Residents in parts of the state regained partial access to services before the full restoration on Friday morning. According to eyewitnesses, the signal returned around 11:30 a.m., ending a frustrating period of total disconnection that hit travellers and residents alike.
This Week on Techstoriex: Starlink’s Surprise, CBN’s Crackdown & MTN’s Kogi Woes
It’s been a heavy week in Nigeria’s tech and finance sectors—Starlink stirred fresh controversy with another price hike, GTBank slipped in a subtle SMS charge increase, Paystack got slammed with a major fine, MTN lost its Kogi grip, and the AfDB dropped a reality bomb on Nigeria’s economy. Here’s a three-paragraph breakdown of each story […]
Bolt Tests Electric Tricycles in Lagos with 15% Driver Cut
The launch extends Bolt’s current tricycle services already active in Jos and Uyo, but this is the first time it’s bringing electric versions into Nigeria’s commercial capital.
Nigeria’s Economy Shrinks Below 1960 Levels, Says AfDB Chief
Nigerians are worse off today than they were at independence 64 years ago, he stated, urging urgent action to reverse the troubling trend.
Miva Eyes 1m Students, Launches Lagos Hub for Hands-On Learning
The new Lagos facility features cutting-edge computer-based testing (CBT) infrastructure and will soon include a virtual lab tailored for computer science students. This setup is designed to support practical learning while staying true to Miva’s digital-first delivery model.
CBN Grants Licence to Firm Targeting MSMEs
With its newly acquired licence, the firm is set to offer a broad suite of financial solutions, including funds management, advisory services, and loan products such as asset loans, MSME support, payday loans, and education financing.
Nigerians on Alert as SEC Flags Suspicious Crypto Site
Investigations show the site offers investors unusually high returns with minimal risk, while depending heavily on a referral structure to pay users.
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