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Femi Otedola buys N20.7 billion more First HoldCo shares, stake hits 26.5%
Fintech

Femi Otedola buys N20.7 billion more First HoldCo shares, stake hits 26.5%

The billionaire chairman acquired 147.74 million shares at N140 each through Calvados Global Services, pushing his ownership to roughly 26.5%.

Nigerian startup closes Africa's largest seed round at $52 million
Funding

Nigerian startup closes Africa's largest seed round at $52 million

Terra Industries raised an additional $18 million, extending its seed round to $52 million and paving the way for a London office and scaled manufacturing.

South Africans can now roll over unused data, voice and SMS from 2027
Tech News

South Africans can now roll over unused data, voice and SMS from 2027

SA telecom regulator ICASA has mandated automatic, free rollover of unused bundles from January 2027. Vodacom and MTN are fighting it in court.

Nigerian students can now learn AI and pitch startups via Meta's new academy
AI & Innovation

Nigerian students can now learn AI and pitch startups via Meta's new academy

Meta and Nigeria's digital economy ministry launched AI Academy Nigeria, offering developers, students and startups free AI training, bootcamps and a pitchathon.

Crypto users can now trade on 3 more apps under Nigeria's rules
Fintech

Crypto users can now trade on 3 more apps under Nigeria's rules

Nigeria's SEC cleared Pisi Payments, Blockchain.com's local arm, and Yellow Card to operate under its Accelerated Regulatory Incubation Programme, bringing total participants to 14.

Airtel customers in Congo can now text via satellite without a dish
Tech News

Airtel customers in Congo can now text via satellite without a dish

Airtel Africa and Starlink have launched the first commercial satellite-to-mobile service in Africa, starting in the Democratic Republic of Congo.

AI startup Anthropic's revenue surged 1,360% to $11.5B in one quarter
AI & Innovation

AI startup Anthropic's revenue surged 1,360% to $11.5B in one quarter

Leaked investor documents show the Claude chatbot maker's Q2 2026 revenue jumped to more than $11.5 billion, up from $787 million a year earlier.

Nigerian founders can pitch to 200+ investors at GITEX Lagos in September
Startup

Nigerian founders can pitch to 200+ investors at GITEX Lagos in September

NITDA is accepting applications from Nigerian startups across AI, fintech, healthtech and more to showcase at GITEX Nigeria 2026. Deadline: 21 August.

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