Flutterwave Cuts 3% of Workforce to Focus on Enterprise and Remittance
The layoffs were announced during a town hall meeting on Monday, according to sources familiar with the matter. These roles were linked to products that Flutterwave has decided to discontinue.
CBN Fully Reinstates Eyowo’s License
The company had faced major challenges in 2023, with rumours of shutdowns.
US Lawmakers Visit Detained Binance Executive in Nigerian Prison
Gambaryan, an American citizen, has been in detention since February. He faces charges of money laundering and operating unlicensed financial activities.
NIMC Data Breach: AnyVerify Sells Personal Information of 100 Million Nigerians Without Authorisation
AnyVerify lacks a vetting process to prevent misuse. Users need only provide an email address and NIN to register, and must fund a wallet with at least ₦400 before accessing the service.
Nvidia Overtakes Microsoft to Become World’s Most Valuable Company
Nvidia's incredible market value surge over the past year highlights Wall Street's excitement about emerging AI technology.
Polish Firm Farada Group to Establish Drone Factory in Kenya
Farada Group aims to serve a variety of clients, including Kenya Power and Kenya Electricity Transmission Company Limited for power line surveillance, and logistics companies for delivering medical supplies.
Zimbabwe to Install Floating Solar Panels on Africa’s Largest Man-Made Dam
The initiative responds to power outages caused by lower water levels at Kariba Dam, a result of prolonged drought.
Nigerian Fintech Carbon Halts Debit Card Service Nearly Three Years After Launch
Carbon introduced its debit cards in August 2021, calling it a significant move in transitioning from Nigeria’s largest digital lender to a microfinance bank licensed by the Central Bank of Nigeria (CBN).
Court Rejects Binance Exec’s Human Rights Lawsuit Against Nigerian Authorities
Anjarwalla accused the NSA and EFCC of violating his rights by detaining him and confiscating his travel documents, referencing Sections 35 (1) and (4) of the 1999 Constitution.
Sanlam to Acquire 60% Stake in MultiChoice’s Insurance Business
Sanlam will pay MultiChoice R1.2 billion upfront, with a potential bonus of up to R1.5 billion based on how well NMSIS performs by the end of 2026.