Keystone Bank has issued a statement announcing that the Federal Government of Nigeria now owns all of its shares following a Tuesday ruling by the Lagos State Special Offences Court. Justice Rahman Oshodi of the special court ordered the full forfeiture of Keystone Bank’s billions of shares to the government, specifically 6.3 billion shares at […]

On Tuesday, Raenest, a Nigerian fintech firm that provides a platform for multi-currency accounts for African individuals and businesses, announced it had raised $11 million in Series A funding. This brings the company’s total funding to $14.3 million. QED Investors led the investment round, which included participation from pan-African venture capital firms such as Norrsken22, […]

On Tuesday, Ghanaian fintech startup Hurupay launched the first stablecoin-based virtual U.S. dollar accounts for freelancers and remote workers in Africa. This creative approach addresses currency volatility by allowing users to transact with stablecoins, which are cryptocurrencies that are 1:1 correlated with the U.S. dollar. Read also: Hurupay offers Virtual USD Accounts with zero monthly […]

Apple Inc. reportedly chose to work with Alibaba Group Holding Ltd. to add artificial intelligence capabilities to its devices marketed in China. This calculated move aims to improve Apple’s position in the Chinese market. Apple avoided a possible earlier cooperation with the AI firm DeepSeek. This choice arises despite Apple’s attempts to increase sales in […]

On Tuesday, Affinity Africa, a Ghanaian fintech startup, announced that it has raised $8 million in seed funding to broaden its digital banking services. In their first investment in the African market, European venture capital firms Grazia Equity from Germany and BACKED VC from London led the $8 million seed round. This round included participation […]

The Nigeria Police Force freed a popular TikToker, Olumide Ogunsanwo, also known as Seaking, on administrative bail on Monday, over alleged defamation and cyber bullying of the General Overseer of Redeemed Christian Church of God (RCCG) Pastor E.A Adeboye. SeaKing was arrested on February 6 at the Ogba Magistrate Court in Lagos where he was […]

Tech behemoths Apple and Google have aggressively removed several dangerous mobile apps from their respective platforms, the App Store and Google Play, in a recent crackdown on digital security. This action follows revelations of data-stealing malware that has been hiding inside these apps for almost a year, affecting the safety and privacy of millions of […]

Qualcomm Technologies and Aramco Digital, Aramco’s digital and technology business, are developing the first AI-enabled industrial 5G smartphone with 450MHz spectrum support. The announcement was made on Monday at LEAP 2025. Read also: ToumAI lands €1 million pre-seed capital to enhance global customer experience Enhancing connectivity for industrial applications The Qualcomm QCM8550 and QCM6490 processors […]

The Central Bank of Nigeria (CBN) on Monday directed all banks to charge customers N600 for every N20,000 withdrawal from Automated Teller Machines (ATM) to reflect “rising costs.”  Per a CBN circular titled ‘Review of Automated Teller Machine Transaction Fees,’ referenced FPR/DIR/GEN/CIR/001/002 and seen by Techpression, all financial institutions are to charge ATM users from […]

P1 Ventures, an early-stage Pan-African venture capital firm established in Egypt in 2020, has announced the closing of its first institutional fund with USD 50 million. This milestone arrives amid a challenging period for African venture capital as foreign investors have returned to safer, more established markets. “We have strong conviction there will be billions […]

The Beninese government seeks to increase digital inclusion and enhance internet connectivity in underserved areas by utilising Starlink’s space technology. On Wednesday, February 5, officials of Elon Musk’s American business SpaceX, which runs the satellite internet service provider, Starlink, met with Minister of State for Economy and Finance Romuald Wadagni to discuss three areas of […]

ToumAI, an AI technology firm based in Morocco, has raised EUR 1 million (US$1.03 million) in pre-seed capital to broaden and improve its consumer experience (CX) offerings globally.  The funding round, announced on Monday, was led by Launch Africa Ventures, with participation from Madica by Flourish Ventures, Orange Ventures, Digital Africa, GO Ventures, business angel […]

On January 20, the Nigerian Communications Commission (NCC) announced a 50 percent tariff hike on telecoms offerings for the first time in 12 years, as against the 100 percent proposal made by the telecom operators, citing operational costs and inflation. The Commission highlighted that the decision was in line with regulatory obligations under Section 108 […]

The Infinix Hot 50 Pro, launched in October 2024, has graced the world of budget smartphones. This phone offers premium features at an accessible price point. Techpression has taken an in-depth look at the phone’s offerings and here’s what we found. Read also: Infinix debuts colour-changing back cover with E-Colour Shift 2.0 technology Design, build […]

On Wednesday, February 5, Huawei released a new teaser that suggests the Mate XT tri-fold will go on sale worldwide on February 18. Later this month, the business will introduce what is likely one of its most recognisable products to customers worldwide at a lavish press conference. In a post, Huawei published on its official […]

Vodafone Group Plc (“Vodafone”) on Friday announced the appointment of Guillaume Boutin as CEO of Vodafone Investments & Strategy and a member of the Group Executive Committee. Guillaume is to take over from Serpil Timuray in May, anticipated to exit²wŵ Vodafone in June after a fruitful 15-year career, in order to seek opportunities outside of […]

On February 8, 2025, TikTok announced that U.S. Android users can download the app directly from its website using Android Package Kits. This move allows users to bypass restrictions imposed after the app’s removal from the App Store and Google Play Store following a U.S. ban on January 19. The ban was enacted due to […]

Apple is poised to announce two new additions to its product lineup on February 11, 2025. The anticipated launch includes the fourth generation of the iPhone SE and the much-awaited Powerbeats Pro 2 wireless earbuds, signalling Apple’s commitment to innovation across its smartphone and audio accessory segments. Read also: Apple’s rumoured foldable iPhone: What we […]

The United States visa renewal process has undergone a major change with the removal of the drop box visa processing option for Nigerian applicants The move is coming on the heels of Donald Trump‘s immigration policy which has had significant impact globally. The feature that permitted holders of expired visas to renew their visas without […]

Sylvia Mulenge, the CEO of MTN Uganda, has been ranked top executive of the year among all the African nations where the telecoms company operates. The announcement was made on Thursday at the MTN Global Leadership Gathering (GLG) gala in Johannesburg, South Africa. Mulinge, who assumed her role as CEO of MTN Uganda in 2022, […]