MarketsStartups

The Co-founder of GetEquity, Jude Dike, has reacted to allegations of illegal operation

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June 30, 2022
The Co-founder of GetEquity, Jude Dike, has reacted to allegations that the company was operating an illegitimate business. The company has come under public scrutiny in the last few days after reports emerged that it was providing crowdfunding services without approval from the Securities and Exchange Commission (SEC). GetEquity was established to provide support for startups seeking seed…
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FintechTechnology

MTN Momo Payment Service lost N22.3 billion following a security breach

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June 30, 2022
MTN Nigeria subsidiary, Momo Payment Service Bank Limited lost N22.3 billion following a security breach on the fintech’s system, which forced the company to shutdown operation temporarily. The incident occurred on May 24, 2022, after Momo PSB processed 700,000 transactions, sending proceeds into about 8,000 third party accounts domiciled in 18 banks. Efforts to retrieve the fund has now…
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StartupsTechnology

Thepeer raises $2.1 million to connect businesses

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June 28, 2022
As more African startups spring up to solve the myriad of problems on the continent, the issue of interoperability emerges. Fintech users, for example, want to complete transactions seamlessly without cycling through numerous options, and Thepeer believes it can solve…
Technology

NETFLIX CUTS 300 MORE JOBS

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June 28, 2022
Netflix has announced another round of job cuts as it grapples with slowing growth and increased competition. The streaming giant said it was cutting 300 more jobs – roughly 4% of its workforce – mostly in the US, this after axing 150 people in May. The latest round of job slashes comes after the company reported its first subscriber loss in more than a decade in April. Netflix is exploring an…
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Events

Nigerian Breweries renews Flavour, Yul Edochie & Phyno’s Brand Ambassadorial Deal

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June 19, 2022
It was all glamour, glitz and funfair at the Head of Office of Nigerian Breweries in Iganmu as the trio of Flavour N’abania, Yul Edochie and Phyno renewed their brand ambassador contracts with Life Continental Lager Beer. As a leading South Eastern beer brand that is promoting Igbo Hi-Life music, beliefs, tradition and cultural values of Igbos, Life continental Lager beer has also…
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