StartupsTechnology

Nigerian startup, Topship secures $2.5 million

Nigerian logistics startup Topship has raised a US$2.5 million funding round as it continues to build the “Flexport for Africa”. Launched in June 2020, Topship allows African businesses to export and import cargo, freight and parcels to their suppliers, distributors and customers at any location worldwide. The startup says it is building “Flexport for Africa”, and it has now raised a…
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Energy

TotalEnergies launches sale of stake in 16 oil assets

French multinational oil and gas giant, TotalEnergies SE, has formally launched the sale of its 10% stake in its Nigerian joint venture with Nigerian National Petroleum Company (NNPC) Limited, Shell Petroleum Development Company (SDPC) and Eni. According to Reuters, a sale…
Technology

Spain fines Google 10 million euros

The Spanish Data Protection Agency (AEPD) has imposed a penalty of ten million euros on Google for transferring data to third parties without a legal base to do so and for hindering citizens’ right to erasure. According to the Agency, these contravene Articles 6 and 17 of…
Blockchain

Nigeria’s Crypto Heavyweights react to new SEC regulation

The Security & Exchange Commission, SEC released its long-awaited Digital Asset regulation that is meant to guide how digital assets such as cryptocurrencies are regulated in the country. The new rules for Digital Assets are part of its effort to regulate digital/virtual assets such as Bitcoins and NFTs. This document titled, “New Rules on Issuance, Offering Platforms, and Custody of Digital…
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Technology

Elon Musk threw another curveball at his takeover of Twitter on Monday

At a technology conference in Miami, Mr. Musk, the world’s richest man, said striking a deal for Twitter at a lower price was “not out of the question,” according to a person who attended the event. Mr. Musk’s comment came in response to a question over whether he would renegotiate his planned $44 billion acquisition of Twitter over its stated figures of how many bots, or spam accounts…
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10 Brands

Interesting business fun facts - Curated by Pelumi

-Pepsi took inspiration for its name from the digestive enzyme pepsin. -McDonald’s originally sold hot dogs, not burgers. -Over 8,000 glasses of Coca-Cola are consumed every second. – A perfect pint of Guinness should take 119.5 seconds while pouring at 45…
BankingStartups

Nigerian Fintech Multigate.io Leads Payment Service In Africa

Multigate.io, a Nigerian financial technology firm formed in 2017, leads the future of FinTech and cross-border payments from the continent by providing immediate cross-border funds transfer and enhanced treasury and cash management to businesses and individuals within and outside of Africa. The company focuses on providing simple solutions to solve the complicated payment and cash management…
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