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Top technext24.com News

Microsoft laying off about 9,000 employees in latest round of cuts
Microsoft · United States

Microsoft laying off about 9,000 employees in latest round of cuts

48% Center coverage: 258 sources
Microsoft said Wednesday that it will lay off about 9,000 employees. The move will affect less than 4% of its global workforce across different teams, geographies and levels of experience, a person familiar with the matter told CNBC.See the Story
Nigeria: MTN, 9Mobile Announce Roaming Agreement Rollout
Business · Nigeria

Nigeria: MTN, 9Mobile Announce Roaming Agreement Rollout

67% Left coverage: 3 sources
The three-year agreement enables 9mobile subscribers to roam seamlessly on MTN Nigeria's expansive network, significantly extending 9mobile's coverage and improving service quality for its customers.See the Story
UBA, Wema Resume International Naira Card Transactions After 3-Yr Suspension
Nigeria · Nigeria

UBA, Wema Resume International Naira Card Transactions After 3-Yr Suspension

Coverage: 2 sources
Two Nigerian commercial banks have ended a five-year embargo on international transactions on their naira cards. The development comes barely five years after several commercial banks suspended international transactions on naira debit cards. In separate announcements to customers on Friday, July 4, 2025, Wema Bank and United Bank for Africa (UBA) stated that the service has been reactivated on their naira cards. In the UBA announcement, the ban…See the Story

GTCO Seeks $100m for Recapitalisation, Targets London Stock Exchange Listing

GTCO plans to raise $100m through a stock offering and fully list on the London Stock Exchange to support its growth strategy and recapitalise GTBank Nigeria.London, England · LondonSee the Story

CBN: Nigerian Court Affirms NIBSS Authority to Manage BVN

100% Center coverage: 1 sources
Nigeria’s Federal High Court in Abuja on Friday affirmed the authority of the Nigeria Inter-Bank Settlement System, NIBSS, to manage the Bank Verification Number, BVN, database across the country, in line with the Central Bank of Nigeria, CBN, Act and other relevant banking laws. This is according to a judgment delivered by Justice James Omotosho on Friday. NIBSS’s counsel, Wolemi Esan, Senior Advocate of Nigeria, and Kofo Abdulsalam-Alada, lead…Privacy · AbujaSee the Story

Zenith Bank to Acquire Kenyan Bank After Meeting CBN’s N500 Billion Recapitalisation Target

Nigeria's Zenith Bank is eyeing the Kenyan market with a planned acquisition of a tier-2 bank after it raised the required N500 billion target set by the CBN.Kenya · KenyaSee the Story

Flutterwave Secures 20 More U.S. Money Transmitter Licenses

100% Center coverage: 2 sources
Flutterwave, Africa’s leading payments technology company, today announced the relaunch of its flagship remittance solution, Send App, across US states following its newly acquired Money Transmitter Licenses (MTLs). This comes after Flutterwave secured 20 additional MTLs in the US, adding to the 14 licenses the brand has held since 2023. Altogether, this achievement raises Flutterwave’s total number of direct licenses to 34, allowing the company…Apps · United StatesSee the Story

Egypt completes 2 subsea cable landings, with 126 terabits per second capacity

Telecom Egypt, in partnership with SubCom, has completed two landings of the Southeast Asia-Middle East-Western Europe 6 (SEA-ME-WE-6) subsea cable system in Egypt. The landings, announced on July 2, 2025, took place in Port Said on the Mediterranean coast and Ras Ghareb on the Red Sea, marking a pivotal milestone in the project’s development.  This 21,700-kilometre-long cable, connecting 17 landing points across three continents, is poised to r…Port Said · Port SaidSee the Story

No More Free USSD? Union Bank, FCMB Begin Airtime Deductions

For millions of Nigerian bank customers, using USSD codes for quick banking just got more expensive and this time, the deduction isn’t from your bank account, but from your airtime balance. Union Bank and First City Monument Bank (FCMB) have officially announced that they are switching to a new billing model that deducts USSD charges … The post No More Free USSD? Union Bank, FCMB Begin Airtime Deductions appeared first on Business Elites Africa.Nigeria · NigeriaSee the Story

How David Lanre Messan plans to democratise innovation with FirstFounders

In the heart of Nigeria’s turbulent startup ecosystem, where great ideas too often burn out under the weight of funding gaps, weak structure, and hype-driven expectations, David Lanre Messan, Chief Venture Builder and CEO of FirstFounders, is spearheading a model that flips the script. Messan is leading what might be Africa’s most ambitious effort to rewire how startups are born, scaled, and sustained on the continent.“We are not just betting on…Startups · LagosRead Article

African startups raise $365 million in June, marking best funding month in nearly a year

African startups secured $365 million in funding in June 2025, making it the continent’s strongest month this year and the best single-month performance in nearly a year, according to data from Africa: The Big Deal.  The post African startups raise $365 million in June, marking best funding month in nearly a year  appeared first on Nairametrics.StartupsSee the Story

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