Samson Akintaro, Author at Nairametrics Destination for Business news and analysis from Africa's largest economy Fri, 16 Aug 2024 16:45:47 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Samson Akintaro, Author at Nairametrics 32 32 201037849 Osun government, MTN Nigeria lock horns over N1 billion Right of Way fee demand  https://nairametrics.com/2024/08/16/osun-government-mtn-nigeria-lock-horns-over-n1-billion-right-of-way-fee-demand/ https://nairametrics.com/2024/08/16/osun-government-mtn-nigeria-lock-horns-over-n1-billion-right-of-way-fee-demand/#respond Fri, 16 Aug 2024 16:45:47 +0000 https://nairametrics.com/?p=495967 Tech giant, MTN Nigeria, is currently locked in a dispute with the Osun State government over an alleged outstanding Right of Way (RoW) fee and penalty worth over N1 billion.  

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]]> https://nairametrics.com/2024/08/16/osun-government-mtn-nigeria-lock-horns-over-n1-billion-right-of-way-fee-demand/feed/ 0 495967 Elon Musk’s Starlink is building Ground Stations in Lagos, Ogun and Rivers State to boost connectivity   https://nairametrics.com/2024/08/16/elon-musks-starlink-is-building-ground-stations-in-lagos-ogun-and-rivers-state-to-boost-connectivity/ https://nairametrics.com/2024/08/16/elon-musks-starlink-is-building-ground-stations-in-lagos-ogun-and-rivers-state-to-boost-connectivity/#respond Fri, 16 Aug 2024 11:58:14 +0000 https://nairametrics.com/?p=495949 Elon Musk’s internet company, Starlink is setting up ground stations across Nigeria in a strategic move aimed at enhancing connectivity in the country. 

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]]> https://nairametrics.com/2024/08/16/elon-musks-starlink-is-building-ground-stations-in-lagos-ogun-and-rivers-state-to-boost-connectivity/feed/ 0 495949 Government’s payment initiatives key to achieving 95% financial inclusion in Nigeria – Nandan Mer  https://nairametrics.com/2024/08/08/governments-payment-initiatives-key-to-achieving-95-financial-inclusion-in-nigeria-nandan-mer/ https://nairametrics.com/2024/08/08/governments-payment-initiatives-key-to-achieving-95-financial-inclusion-in-nigeria-nandan-mer/#respond Thu, 08 Aug 2024 09:04:30 +0000 https://nairametrics.com/?p=495438 The Group CEO of Network International, Nandan Mer, has said that the ongoing drive to achieve 95% financial inclusion can be accelerated through government-sponsored payment initiatives. 

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]]> https://nairametrics.com/2024/08/08/governments-payment-initiatives-key-to-achieving-95-financial-inclusion-in-nigeria-nandan-mer/feed/ 0 495438 MTN Nigeria renegotiates tower lease agreements with IHS and ATC, cuts dollar component  https://nairametrics.com/2024/08/07/mtn-nigeria-renegotiates-tower-lease-agreements-with-ihs-and-atc-cuts-dollar-component/ https://nairametrics.com/2024/08/07/mtn-nigeria-renegotiates-tower-lease-agreements-with-ihs-and-atc-cuts-dollar-component/#respond Wed, 07 Aug 2024 17:55:56 +0000 https://nairametrics.com/?p=495428 MTN Nigeria Communications Plc on Wednesday said it has renegotiated the binding commercial terms of the existing infrastructure sharing and master lease agreements with IHS and ATC Nigeria.

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]]> https://nairametrics.com/2024/08/07/mtn-nigeria-renegotiates-tower-lease-agreements-with-ihs-and-atc-cuts-dollar-component/feed/ 0 495428 Jumia unveils EUR 244 million Rights Issue to boost expansion  https://nairametrics.com/2024/08/07/jumia-unveils-eur-244-million-rights-issue-to-boost-expansion/ https://nairametrics.com/2024/08/07/jumia-unveils-eur-244-million-rights-issue-to-boost-expansion/#respond Wed, 07 Aug 2024 07:44:48 +0000 https://nairametrics.com/?p=495381 Jumia Technologies AG, the leading e-commerce platform in Africa, announced plans on Tuesday to raise EUR 244 million ($268 million) through a rights issue as part of its strategy to strengthen its financial position and fuel expansion efforts across the continent. 

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]]> https://nairametrics.com/2024/08/07/jumia-unveils-eur-244-million-rights-issue-to-boost-expansion/feed/ 0 495381 Kuda posted $32 million loss in 2022 amid increase in revenue, customer base   https://nairametrics.com/2024/08/06/kuda-posted-32-million-loss-in-2022-amid-increase-in-revenue-customer-base/ https://nairametrics.com/2024/08/06/kuda-posted-32-million-loss-in-2022-amid-increase-in-revenue-customer-base/#respond Tue, 06 Aug 2024 20:03:36 +0000 https://nairametrics.com/?p=495359 Nigerian neobank, Kuda, recorded a net loss of $32 million in 2022 according to its latest financial report filed in the UK. 

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]]> https://nairametrics.com/2024/08/06/kuda-posted-32-million-loss-in-2022-amid-increase-in-revenue-customer-base/feed/ 0 495359 Jumia records $20.2 million operating loss in Q2 2024 as revenue decline  https://nairametrics.com/2024/08/06/jumia-records-20-2-million-operating-loss-in-q2-2024-as-revenue-decline/ https://nairametrics.com/2024/08/06/jumia-records-20-2-million-operating-loss-in-q2-2024-as-revenue-decline/#respond Tue, 06 Aug 2024 16:17:57 +0000 https://nairametrics.com/?p=495346 Africa’s e-commerce group, Jumia, posted a $20.2 million operating loss in Q2 2024 amid a 17% decline in revenue. 

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]]> https://nairametrics.com/2024/08/06/jumia-records-20-2-million-operating-loss-in-q2-2024-as-revenue-decline/feed/ 0 495346 Meta unveils Llama 3.1 Impact Grants to fund AI-driven startups with $2 million   https://nairametrics.com/2024/08/06/meta-unveils-llama-3-1-impact-grants-to-fund-ai-driven-startups-with-2-million/ https://nairametrics.com/2024/08/06/meta-unveils-llama-3-1-impact-grants-to-fund-ai-driven-startups-with-2-million/#respond Tue, 06 Aug 2024 11:59:00 +0000 https://nairametrics.com/?p=495324 Meta has announced the launch of the Llama 3.1 Impact Grants with a funding pool of up to $2 million, to support organizations across the globe, focusing on regions including Africa, the Middle East, and Turkey. 

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]]> https://nairametrics.com/2024/08/06/meta-unveils-llama-3-1-impact-grants-to-fund-ai-driven-startups-with-2-million/feed/ 0 495324 African startups raise $420 million in July 2024, cross $1 billion year-to-date https://nairametrics.com/2024/08/06/african-startups-raise-420-million-in-july-2024-cross-1-billion-year-to-date/ https://nairametrics.com/2024/08/06/african-startups-raise-420-million-in-july-2024-cross-1-billion-year-to-date/#respond Tue, 06 Aug 2024 10:28:03 +0000 https://nairametrics.com/?p=495316 Tech startups across Africa secured a total of $420 million in funding in July and that came as the highest monthly record so far this year. 

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]]> https://nairametrics.com/2024/08/06/african-startups-raise-420-million-in-july-2024-cross-1-billion-year-to-date/feed/ 0 495316 Forex crisis: Nigeria’s ID4D project gains N8.6 billion from Naira devaluation in 2023  https://nairametrics.com/2024/08/06/forex-crisis-nigerias-id4d-project-gains-n8-6-billion-from-naira-devaluation-in-2023/ https://nairametrics.com/2024/08/06/forex-crisis-nigerias-id4d-project-gains-n8-6-billion-from-naira-devaluation-in-2023/#respond Tue, 06 Aug 2024 06:02:10 +0000 https://nairametrics.com/?p=495282 The devaluation of the Naira resulted in a forex gain of N8.6 billion for the Nigeria Identification for Development (ID4D) project, through which international financiers led by the World Bank are pushing for the enrollment of all Nigerians for the National Identification Number (NIN).

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]]> https://nairametrics.com/2024/08/06/forex-crisis-nigerias-id4d-project-gains-n8-6-billion-from-naira-devaluation-in-2023/feed/ 0 495282 Mercury’s accounts closure may dampen foreign investors’ confidence in Nigerian startups—Austin Okpagu  https://nairametrics.com/2024/08/05/mercurys-accounts-closure-may-dampen-foreign-investors-confidence-in-nigerian-startups-austin-okpagu/ https://nairametrics.com/2024/08/05/mercurys-accounts-closure-may-dampen-foreign-investors-confidence-in-nigerian-startups-austin-okpagu/#respond Mon, 05 Aug 2024 14:45:49 +0000 https://nairametrics.com/?p=495250 The Country Manager of Verto FX, Austin Okpagu, has said that the recent closure of Nigerian startups’ accounts by a U.S. bank, Mercury, may further wane the interest of foreign investors in the country’s startup ecosystem.  Speaking in an interview with Nairametrics, Okpagu said most Nigerian startups that relied heavily on Mercury for their international […]

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]]> https://nairametrics.com/2024/08/05/mercurys-accounts-closure-may-dampen-foreign-investors-confidence-in-nigerian-startups-austin-okpagu/feed/ 0 495250 Digital economy: International Telecommunications Union urges Nigeria to streamline NCC, NITDA’s functions  https://nairametrics.com/2024/08/05/digital-economy-international-telecommunications-union-urges-nigeria-to-streamline-ncc-nitdas-functions/ https://nairametrics.com/2024/08/05/digital-economy-international-telecommunications-union-urges-nigeria-to-streamline-ncc-nitdas-functions/#respond Mon, 05 Aug 2024 06:31:28 +0000 https://nairametrics.com/?p=495200 The International Telecommunications Union (ITU) has advised the Nigerian government to streamline the regulatory roles of the Nigerian Communications Commission (NCC) and the National Information Technology Development Agency (NITDA) to address multiple regulations in the digital space. 

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]]> https://nairametrics.com/2024/08/05/digital-economy-international-telecommunications-union-urges-nigeria-to-streamline-ncc-nitdas-functions/feed/ 0 495200 Telecom regulator, NCC, issues new rules to promote transparency in data, calls tariffs in Nigeria  https://nairametrics.com/2024/08/04/telecom-regulator-ncc-issues-new-rules-to-promote-transparency-in-data-calls-tariffs-in-nigeria/ https://nairametrics.com/2024/08/04/telecom-regulator-ncc-issues-new-rules-to-promote-transparency-in-data-calls-tariffs-in-nigeria/#respond Sun, 04 Aug 2024 05:56:21 +0000 https://nairametrics.com/?p=495163 The Nigerian Communications Commission (NCC) has issued guidance for the telecom operators mandating them to provide adequate information to the subscribers on how they are being charged for each call and data consumed. 

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]]> https://nairametrics.com/2024/08/04/telecom-regulator-ncc-issues-new-rules-to-promote-transparency-in-data-calls-tariffs-in-nigeria/feed/ 0 495163 Bosun Tijani says about 150 computers stolen from Kano Digital Park https://nairametrics.com/2024/08/02/bosun-tijani-says-about-150-computers-stolen-from-kano-digital-park/ https://nairametrics.com/2024/08/02/bosun-tijani-says-about-150-computers-stolen-from-kano-digital-park/#respond Fri, 02 Aug 2024 13:54:14 +0000 https://nairametrics.com/?p=495095 The Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani has said the Kano Digital Park burgled in Kano under the guise of the ‘Endbadgovernance’ protest on Thursday contained about 150 desktop personal computers (PCs) and laptops. 

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]]> https://nairametrics.com/2024/08/02/bosun-tijani-says-about-150-computers-stolen-from-kano-digital-park/feed/ 0 495095 CREDICORP says 151 financial institutions have signed up for consumer credit scheme  https://nairametrics.com/2024/08/02/credicorp-says-151-financial-institutions-have-signed-up-for-consumer-credit-scheme/ https://nairametrics.com/2024/08/02/credicorp-says-151-financial-institutions-have-signed-up-for-consumer-credit-scheme/#respond Fri, 02 Aug 2024 07:14:49 +0000 https://nairametrics.com/?p=495051 The Nigerian Consumer Credit Corporation (CREDICORP) on Thursday disclosed that a total of 151 financial institutions comprising commercial banks, fintechs, and Microfinance Banks have signed up to be part of its consumer credit scheme.  

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]]> https://nairametrics.com/2024/08/02/credicorp-says-151-financial-institutions-have-signed-up-for-consumer-credit-scheme/feed/ 0 495051 MTN Nigeria’s CTO, Mohammed Rufai, appointed CEO of MTN Congo-Brazzaville   https://nairametrics.com/2024/08/02/mtn-nigerias-cto-mohammed-rufai-appointed-ceo-of-mtn-congo-brazzaville/ https://nairametrics.com/2024/08/02/mtn-nigerias-cto-mohammed-rufai-appointed-ceo-of-mtn-congo-brazzaville/#respond Fri, 02 Aug 2024 05:46:02 +0000 https://nairametrics.com/?p=495045 MTN Group has announced the appointment of MTN Nigeria’s Chief Technical Officer, Mohammed Rufai, as the Chief Executive Officer of MTN Congo-Brazaville. 

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]]> https://nairametrics.com/2024/08/02/mtn-nigerias-cto-mohammed-rufai-appointed-ceo-of-mtn-congo-brazzaville/feed/ 0 495045 9mobile apologizes to customers after six days of service disruption   https://nairametrics.com/2024/08/01/9mobile-apologizes-to-customers-after-six-days-of-service-disruption/ https://nairametrics.com/2024/08/01/9mobile-apologizes-to-customers-after-six-days-of-service-disruption/#respond Thu, 01 Aug 2024 15:21:57 +0000 https://nairametrics.com/?p=495001 Telecommunications operator, 9mobile, on Thursday, issued an apology to its customers in what came as its first response to the service outage that has left millions of its customers in frustration since Saturday, July 27, 2024. 

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]]> https://nairametrics.com/2024/08/01/9mobile-apologizes-to-customers-after-six-days-of-service-disruption/feed/ 0 495001 ‘Endbadgovernance’: Protesters loot new NCC’s digital park built for 3MTT in Kano  https://nairametrics.com/2024/08/01/endbadgovernance-protesters-loot-new-nccs-digital-park-built-for-3mtt-in-kano/ https://nairametrics.com/2024/08/01/endbadgovernance-protesters-loot-new-nccs-digital-park-built-for-3mtt-in-kano/#respond Thu, 01 Aug 2024 12:39:35 +0000 https://nairametrics.com/?p=494973 Some protesters in the ongoing Endbadgovernance protest in Kano have stormed a new Digital Park built by the Nigerian Communications Commission (NCC), carting away equipment including computers and furniture. 

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]]> https://nairametrics.com/2024/08/01/endbadgovernance-protesters-loot-new-nccs-digital-park-built-for-3mtt-in-kano/feed/ 0 494973 MoMo PSB’s active wallets hit 5.5 million in Q2 2024  https://nairametrics.com/2024/08/01/momo-psbs-active-wallets-hit-5-5-million-in-q2-2024/ https://nairametrics.com/2024/08/01/momo-psbs-active-wallets-hit-5-5-million-in-q2-2024/#respond Thu, 01 Aug 2024 05:49:24 +0000 https://nairametrics.com/?p=494923 MTN Nigeria has reported that active wallets on its MoMo Payment Service Bank (PSB) reached 5.5 million in the second quarter of this year.  

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]]> https://nairametrics.com/2024/08/01/momo-psbs-active-wallets-hit-5-5-million-in-q2-2024/feed/ 0 494923 Africa left out as Uber signs landmark deal with China’s BYD  https://nairametrics.com/2024/07/31/africa-left-out-as-uber-signs-landmark-deal-with-chinas-byd/ https://nairametrics.com/2024/07/31/africa-left-out-as-uber-signs-landmark-deal-with-chinas-byd/#respond Wed, 31 Jul 2024 13:08:59 +0000 https://nairametrics.com/?p=494895 Ride-hailing giant, Uber, has inked a multi-year deal with Chinese electric vehicle (EV) maker, BYD, to deploy 100,000 new EVs onto its platform.  

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]]> https://nairametrics.com/2024/07/31/africa-left-out-as-uber-signs-landmark-deal-with-chinas-byd/feed/ 0 494895