OmniRetail acquires Traction Apps, to process ₦2 trillion for SMEs annually
The acquisition will be implemented in phases, beginning with streamlining operations and integrating platforms.
PaidHR’s new cross-border payroll feature allows employees to receive salaries in 49 currencies
The new feature will be key for remote workers who receive salaries globally and a hedge against macroeconomic headwinds like currency devaluation.
Lagos Red line mulls hybrid power system, to curb diesel overhead
On Tuesday, the Lagos state government launched its red line, a 37km rail line connecting Oyingbo to Agbado. The train is the second intra-city rail system, following the inauguration of the Blue Line last year.
Lagos State Governor Babajide Samwo-Olu led the first passengers aboard the rail system, who were
Breaking: Nigeria's inflation surges again to 32.70%, defying expectations
Nigeria's headline inflation rate unexpectedly accelerated in September 2024, dashing hopes for a continued decline. The National Bureau of Statistics reported a jump to 32.70% from 32.15% in August, primarily driven by rising food, transportation, and energy costs.
The uptick in prices comes as a blow
NCC reverses stance, drops Starlink sanction threat
Starlink recently significantly increased its monthly subscription fees in Nigeria by 97%, raising the standard residential plan from ₦38,000 to ₦75,000.
Okra unveils home-grown Cloud Service, Nebula
Okra has just launched Nebula, its own cloud infrastructure platform. A potential alternative to AWS.
Credrails CEO reportedly loses appeal against Flutterwave in contact details dispute
Clara Wanjiku Odero, the CEO of Softbank-backed Credrails, has reportedly lost her appeal against Flutterwave. The Kenyan court upheld the lower court's decision, awarding her a significantly smaller sum.