Traction App Downsize Workforce: Following its recent acquisition by OmniRetail, fintech startup Traction Apps has announced plans to downsize its workforce. In a recent statement, the company explained that the layoffs are a consequence of the acquisition, aimed at optimizing…
NGX Regulation Limited (NGX RegCo), the regulatory arm of the Nigerian Exchange Group (NGX), has suspended trading in the shares of Oando Plc. Oando Shares Trading Suspended NGXRegCo announced the suspension in a notice issued by the Head of Issuer…
BasiGo raises $41.5m for e-buses: A Kenyan e-mobility company, BasiGo, has raised $41.5 million in a Series A funding round. The round comprises $24 million in equity funding led by Africa50, a pan-African infrastructure investor. The round was supported by…
Sasfin quits BCB business: Sasfin plans to close its Business and Commercial Banking (BCB) business in 2025, joining a growing list of financial companies exiting their South African banking operations. In its delayed financial results for the year ended 30…
Deloitte LayOff: Deloitte has quietly cut around 250 UK employees, or 1% of its workforce, as part of its performance management process, according to the Financial Times citing sources. This marks the third round of layoffs in the past 13…
Binance Executive Free from Charges: The federal government has withdrawn the money laundering charges filed against an executive of Binance Holdings Limited, Tigran Gambaryan. Binance Executive Free from Charges EFCC’s counsel, R. U. Adagba, told Justice Emeka Nwite of a…
Unlicensed USDT Naira Transfer: The Federal High Court in Abuja has convicted Official Gredo Limited, a Nigerian cryptocurrency trading company, for conducting unlicensed USDT to Naira transactions. High Court Convicts Official Gredo Over Unlicensed USDT Naira Transfer Justice Inyang Ekwo…
Safaricom, the big telecom company in Kenya, offers this really cool service called FULIZA. It’s like a continuous overdraft service for M-PESA customers. With FULIZA loans, you can make purchases even if you don’t have enough money in your account,…
Indian Chinese Dispute:India and China have reached a deal on patrolling their disputed Himalayan frontier, aiming to resolve a four-year military stand-off, Indian Foreign Secretary Vikram Misri said on Monday. According to Reuters, the two nuclear-armed neighbors have had tense…
Telcos Withdraw USSD from Banks: Nigeria’s telecom operators are pushing for regulatory approval from the Nigerian Communications Commission to withdraw Unstructured Supplementary Service Data services from banks due to an outstanding debt of over N250bn. USSD, also known as quick…
