Nigeria Unveils First Multilingual AI-Language Model, Accelerates National AI Strategy

The Nigerian government, under the Ministry of Communications, Innovation, and Digital Economy, unveiled Africa’s first Multilingual Large Language Model (LLM), marking a significant step towards establishing Nigeria’s leadership in Artificial…

Nigeria Secures $600 Million Investment From Maersk For Seaport Infrastructure

Nigeria has reportedly secured a $600 million investment in seaport infrastructure from Danish shipping giant A.P. Moller-Maersk.  The investment was finalized during a meeting between President Bola Tinubu and Moller-Maersk…

Bank of Uganda Faces Backlash For Mandatory ID Verification on Digital Transactions Over $260

The Bank of Uganda’s recent directive requiring government-issued ID documents for all digital financial transactions exceeding one million Ugandan shillings ($260) has spurred backlash from citizens.  Several citizens argue that…

South African fintech JUMO Secures Goldman Sachs Support For Asian Expansion

Financial technology firm JUMO has announced plans to expand into high-growth Asian markets following the company’s successful equity funding round, backed by Goldman Sachs. Founded in 2014, JUMO has primarily…

67% of Nigerians Trust Bitcoin Over Traditional Banks For Savings – Report

Recent research indicates that 67% of Nigerians place more trust in Bitcoin than traditional banks when it comes to safeguarding their savings. The study highlights Bitcoin’s significant role in Nigeria…

Flutterwave Partners with Acquired.com to Enable Domestic Card Payments on Send App

Flutterwave, the leading fintech unicorn in Africa, has joined forces with payment processing specialist Acquired.com to streamline domestic card payments processing on Send App, Flutterwave’s flagship remittance platform. With Acquired.com’s…

Nigeria’s Central Bank Denies Freezing Crypto Accounts, Issues Official Statement

The Central Bank of Nigeria (CBN) has refuted claims alleging its instruction to banks and financial institutions to identify users of crypto exchanges.  Reports suggested that accounts involved in such…