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# Technext24.com: Tech stories in a language everyone can understand

## Sitemaps
[XML Sitemap](https://technext24.com/sitemap_index.xml): Includes all crawlable and indexable pages.

## Posts
- [EXCLUSIVE: Bolt Nigeria lays off nearly half of its staff, says it’s part of a restructuring process](https://technext24.com/news/bolt-nigeria-lays-off-half-of-its-staff/): Sources also fear that Bolt will likely pull out of Nigeria given the continuous difficulty in doing business
- [As Bitcoin price crosses $70,000, here is why experts expect it to crash despite 65% gain in 2024](https://technext24.com/news/bitcoin-price-crosses-70000-crash/): Bitcoin price is predicted to hit $80,000 as a result of the Bitcoin halving...
- [Meet Nmesoma Okonkwo, a self-taught product designer who spends her free time mentoring other women](https://technext24.com/news/nmesoma-okonkwo-product-designer-mentor/): Despite just being a newbie in tech herself, Nmesoma Okonkwo is already taking up the arduous but noble task of mentoring other women
- [Bolt Nigeria to ban drivers who solicit offline trips as it introduces offline trip cancellation for riders](https://technext24.com/news/bolt-nigeria-suspend-driver-offline-trip/): The company also introduced a new offline trip cancellation feature in its app.
- [Just in: Bolt launches €25,000 accelerator program for Nigerian e-hailing drivers](https://technext24.com/news/bolt-launches-accelerator-program/): The program will be offering a €25,000 seed fund to selected Nigerian drivers who complete the program to support their business plans
- [YouTube may start verifying Nigerian health content creators following UK test](https://technext24.com/news/youtube-verify-health-content-creators/): Nigerian health content creators like Aproko Doctor might soon be required to be validated on youTube
- [Google appoints Alex Okosi as new Managing Director for Africa](https://technext24.com/news/alex-okosi-appoints-google-md-africa/): Alex Okosi will be responsible for Google’s operations in Africa including programs to help businesses and economies on the continent to grow
- [Nigerian e-hailing drivers union gets govt certificate, becomes AUATON](https://technext24.com/news/app-drivers-union-auaton-certificate/): The Nigerian app drivers union has finally received its trade union certificate from the Nigerian Ministry of Labour.
- [NLC Strike: e-hailing drivers to shutdown Uber and Bolt apps from August 2](https://technext24.com/news/nlc-strike-e-hailing-drivers-uber-bolt/): This is in solidarity with the Nigerian Labour Congress to whom the AUATWON is affiliated
- [A serial tech investor shares 7 tips to help startup founders ‘instantly’ stand out to investors](https://technext24.com/explainer/startup-founders-pitch-sessions-nigerian/): These tips have the potential to elevate your startup as a founder and give you a competitive edge
- [Uber and Bolt refuse calls for 10% commission, say they are working on minimising drivers hardship](https://technext24.com/news/uber-bolt-refuse-calls-10-commission/): In their separate responses to Technext, Uber and Bolt totally avoided the question of a 10% commission
- [‘Now, we have to park our cars’ Uber and Bolt drivers groan as fuel price hit N617/Ltr](https://technext24.com/news/uber-bolt-drivers-groan-fuel-price-n617/): One driver told Technext that he has packed his car due to the fuel price and is now focusing on his other businesses
- [Meta officially launches Threads to fuel social media wars](https://technext24.com/social-tech/threads-compare-elon-musks-twitter/): Threads by Meta is here.
- [Threads by Meta to launch July 6 as Twitter faces mass exodus](https://technext24.com/news/threads-by-meta-to-launch-july-6-twitter/): Meta’s response to Twitter, a new app called Threads, will go live on Thursday, July 6, just after Elon Musk announced a temporary restriction to the number of views each category of Twitter users can view per day.
- [6 things you should know about Elon Musk vs Mark Zuckerberg’s potential cage fight](https://technext24.com/explainer/elon-musk-mark-zuckerberg-cage-fight/): We may be on the brink of witnessing an unprecedented event, as the two biggest tech guys in the world, Elon Musk and Mark Zuckerberg, find themselves entangled in a highly anticipated showdown. Who would have thought that there would be a day when Elon Musk and Mark Zuckerberg would be squaring off in a cage fight?
- [OPay and MoniePoint dominate Nigeria’s agency banking, control 57.8% of 1.5m POS agents](https://technext24.com/industry-analysis/opay-moniepoint-pos-agents-nigeria/): OPay presently controls Nigeria's largest agency banking network according to a report on the Nigerian Financial Services Market by Intelpoint. The fintech controls 563,262 POS agents out of a total of 1.5 million agents in the country.
- [Eyowo denies shutting down, says it is pivoting into ‘financial connectedness’](https://technext24.com/news/eyowo-denies-shutting-down-connectedness/): In light of the recent report of Eyowo shutting down its operations, the embattled financial company has denied the development while also appearing to refute the insinuations contained in the mail it sent to its staff and stakeholders.
- [Exclusive: Eyowo to shut down operations Tuesday, June 27, lays off most employees](https://technext24.com/news/eyowo-to-shutdown-operations-tomorrow/): The company attributed its closure to recent "market complications, especially the CBN one"...
- [Why the CBN may need to revisit ban on crypto to remedy Nigeria’s forex crisis](https://technext24.com/opinion/cbn-revisit-ban-crypto-forex-crisis/): The central bank of Nigeria's (CBN) official forex rate is currently N742.7 to a dollar. Last week, there were speculations in various markets that the Naira sold at N810 to a dollar in the free market, and although that might not be the case in its eventuality, there is every possibility, as there are speculations, that the Naira may eventually reach or surpass that rate.
- [Apple Vision Pro vs Meta’s Quest 3: Let the VR war begin](https://technext24.com/explainer/apple-vision-pro-vs-metas-quest-3/): Apple has sent shockwaves throughout the tech industry with its groundbreaking spatial computer device, Apple Vision Pro. This extraordinary product not only exceeds the capabilities of a traditional headset (it is not called a headset) but also boasts an array of unimaginable features.
- [‘High prices will discourage passengers’- Bolt Country Manager tells e-hailing drivers](https://technext24.com/news/bolt-high-prices-discourage-passengers/): As Uber and Bolt drivers under the aegis of the Amalgamated Union of App-based Transport Workers of Nigeria (AUATWON) embarked on a strike to protest the app companies' refusal to increase their fares, Country Manager of Bolt, Yahaya Mohammed has suggested that his company might be unwilling to hike its fares more than it already has.
- [Senate committee on ICT manipulated NITDA report, dubiously trying to scale bill into law- Gbenga Sesan](https://technext24.com/news/senate-committee-nitda-bill-gbenga-sesan/): Nigerian tech leader and Executive Director of Paradigm Initiative for Information Technology, Gbenga Sesan, has accused the Senate Committee on ICT and Cybersecurity of presenting a false report on the hearing conducted around the controversial NITDA Bill to the senate.
- [Eclipse Nkasi made the 1st AI-generated Afrobeat album; now he wants the music industry to embrace AI](https://technext24.com/social-tech/eclipse-nkasi-ai-generate-afrobeat-album/): Infinite Echoes, the nine-track album by the rapper and music executive Eclipse Nkasi, follows the story of Leo, who is on a quest to find "a new sound that will unite people across cultures and backgrounds." The tracks are tantalising while echoing the type of themed song that might accompany a flick titled Lost Lovers.
- [Introducing Technext Events for 2023: Coinference, Convo and Tours](https://technext24.com/editorial/introducing-technext-events-2023/): In 2023, we are improving our physical event plans to maximize social impact, and coverage...
- [The Architecture of Certainty: Rethinking Infrastructure in an Age of Complexity](https://technext24.com/sponsored/rethinking-infrastructure-an-age-of-complexity/): The Assumption Beneath Every Business Decision
- [KPMG, Orange Group launch Nigeria smartphone study as OPay, WhatsApp lead app rankings](https://technext24.com/news/kpmg-orange-launch-nigeria-smartphone-study/): KPMG West Africa, in partnership with Orange Group, has unveiled the 2025 edition of the Nigeria Smartphone Study. This comprehensive report offers insights into smartphone ownership and the diverse applications that Nigerians use for various aspects of their digital lives, including finance, communication, commerce, and entertainment.
- [Beyond influence: PodFest Naija pushes creators towards ownership and control](https://technext24.com/news/podfest-naija-pushes-creator-ownership-nigeria/): That gap between influence and economic control shaped the second edition of PodFest Naija, held on Friday at Victoria Island, Lagos. Creators, media executives, technology companies and policymakers spent much of the festival interrogating a creator economy that is growing in reach faster than its business infrastructure is maturing.
- [How Togo’s Yao Nihtael is helping artists turn music talent into business using tech](https://technext24.com/news/nihtael-togolese-artists-digital-music/): For many African artists, getting a song on Spotify, Apple Music or Boomplay is no longer the biggest hurdle. The harder part often begins after the song goes live: finding an audience, getting paid, understanding rights and turning digital visibility into a sustainable career.
- [WhatsApp is installed on 95% of Nigerian smartphones](https://technext24.com/news/whatsapp-is-installed-on-nigerian-smartphones/): Nearly every smartphone in Nigeria has the WhatsApp app. The instant messaging app is installed on 95% of the devices sampled in the Nigeria Smartphone Study 2025, an Orange Group and KPMG report, giving it a reach no other consumer app in the country comes close to matching.
- [OPay is installed in 69% of smartphones in Nigeria, more than any other fintech app](https://technext24.com/news/opay-installed-in-69-of-smartphones-in-nigeria/): OPay is installed on 69% of smartphones used in Nigeria, making it the most widely present banking and fintech app in the country, according to the Nigeria Smartphone Study 2025 released by Orange Group and KPMG.
- [Google rolls out AI Max for Search to give Nigerian businesses a clearer view of their Ad spend](https://technext24.com/news/google-ai-max-search-ads-nigeri/): A generator seller in Lagos used to wait for a customer to type the word “generator” into Google before an ad had any chance of finding them. These days, that same customer is more likely to ask which small generator can run a freezer and two fans without burning through fuel by the hour. That shift in how people search is exactly what Google says its latest advertising updates, unveiled this week, are built to catch, and Nigerian businesses are among the first outside Google's home markets expected to feel the difference.
- [Spiro appoints Ram Ramanathan as new Group CFO amid Africa expansion](https://technext24.com/news/spiro-appoints-ram-ramanathan-as-group-cfo/): African electric mobility company Spiro has appointed Ram Ramanathan as its new Group Chief Financial Officer (CFO), as the company continues to expand its electric motorcycle and battery-swapping operations across the continent.
- [Bitget loses $351.6m to hackers, blames backend breach — links attack to North Korea](https://technext24.com/news/bitget-blames-platform-breach-on-north-korea/): Crypto exchange Bitget says attackers did not steal private keys or forge user withdrawal requests when they moved about $351.6 million from the exchange on Thursday.
- [Eight years on, OPay keeps Nigerian businesses moving](https://technext24.com/news/eight-years-on-opay-keeps-businesses-moving/): From helping graduates build livelihoods to making payments easier for major businesses, OPay’s eight-year journey is reflected in the everyday stories of Nigerians who rely on its solutions.
- [Nigerians moved ₦18.78tn through POS in Q1, 2026 but where did the money really go?](https://technext24.com/news/nigerians-moved-%e2%82%a618-78tn-through-pos-in-q1/): If you have ever walked up to a POS stand to withdraw ₦10,000, sent money to someone through an agent, paid a bill, or simply tapped a card on a terminal, you were never just a lone customer. You were one thread in a financial web stretching across the country.
- [It wasn’t NIN](https://technext24.com/newsletters/it-wasnt-nin/)
- [Starlink, Airtel launch Africa’s second satellite-to-mobile service in Uganda](https://technext24.com/news/starlink-airtel-launch-satellite-mobile-uganda/): Starlink, in partnership with Airtel Africa, has announced the commercial launch of a satellite-to-mobile service in Uganda, becoming the second African country to welcome Starlink mobile. 
- [FG ties late tax payment interest to CBN’s MPR from October 1](https://technext24.com/news/fg-ties-late-tax-interest-to-cbn-mpr-oct-1/): From October 1, 2026, the interest charged on late naira tax payments will be linked to the Central Bank of Nigeria’s (CBN) Monetary Policy Rate (MPR), replacing the previous fixed interest formula.
- [Cybersecurity Tips Are No Longer Optional for Online Users](https://technext24.com/explainer/cybersecurity-tips-for-online-users/): As digital activity expands into more and more areas of everyday life, cybersecurity tips are becoming essential rules for using the Internet. A single compromised email account exposes a vast amount of personal records. Social platforms, cloud repositories, and online retailers hold enormous volumes of sensitive profile details. In practice, basic lapses spark the majority of digital breaches. Reusing a favourite phrase across several portals, clicking a deceptive SMS attachment, or delaying essential firmware patches can instantly hand account access directly over to cybercriminals.
- [‘Uptober’ test: Can ETF demand keep Bitcoin’s rebound alive after the CLARITY Act setback?](https://technext24.com/news/uptober-etf-demand-keep-bitcoins-rebound-alive/): Bitcoin is heading into October on a high after recovering from the US Senate’s failure to advance the CLARITY Act, with the cryptocurrency reaching $86,349 on September 21, its highest level since late January. The rebound has coincided with a sharp reversal in US spot Bitcoin exchange-traded fund (ETF) flows, even as markets brace for a possible Federal Reserve rate hike later in October.
- [Bolu Dada, Co-founder of Bachs, on the infrastructure problems holding back global payments](https://technext24.com/news/infrastructure-problem-holding-global-payments/): A founder may have to deal with different payment providers, currencies, banks, foreign exchange rules, compliance requirements and settlement timelines just to get money from a customer to the business account. For large companies, there are treasury teams and finance departments to handle this. For a small internet business, it can become a problem the founder has to figure out personally.
- [80% cold storage mandate: Can Nigerian crypto startups survive the SEC?](https://technext24.com/reviews/80-percent-cold-storage-mandate-nigeria-sec/): Buried inside the Securities and Exchange Commission's (SEC) latest draft, Proposed Rules on Digital and Virtual Asset Operations, Custody and Markets, is a single number that has set off more anxiety in the Nigerian crypto ecosystem than the accompanying billion-naira capital demands: 80%. That is the share of client digital assets that Virtual Asset Service Providers (VASPs) would be legally required to hold offline, in cold storage, at all times. Only what customers need for near-term withdrawals, settlements or transaction processing may sit in hot or warm wallets, and even that comes wrapped in new rules on wallet limits, monitoring, reconciliation and multi-party key controls.
- [NIMC denies NIN database breach claims, launches new identity verification platform](https://technext24.com/news/nimc-denies-nin-database-breach-claims/): Nigeria's National Identity Management Commission (NIMC)  has dismissed claims of a breach of the country's National Identification Number (NIN) database as false. NIMC insists the database remains secure and announced the launch of NINAuth, a new identity verification platform designed to strengthen data security and give Nigerians greater control over their personal information. 
- [E-hailing driver collapses on duty in Lagos as colleagues blame long working hours, low fares](https://technext24.com/news/e-hailing-driver-collapses-on-duty-long-hours/): An unidentified e-hailing driver has collapsed while on duty in the Ikeja area of Lagos State. According to a video seen by Technext, the driver can be seen lying unconscious on the wheels of his Toyota Camry vehicle as fellow drivers tried to revive him to no avail.
- [9 Best Platforms to Sell Apple and iTunes Gift Cards for Cash in Nigeria (2026)](https://technext24.com/sponsored/platforms-to-sell-apple-itunes-gift-cards/): Selling Apple and iTunes gift cards for cash in Nigeria can be straightforward when you use a platform that is secure, reliable, and offers competitive rates.
- [Could AI end the world? Nigerian fintechs are more worried about fraud and bad data](https://technext24.com/reviews/nigerian-fintechs-ai-fraud-bad-data/): The loudest conversation in artificial intelligence (AI) right now is about the end of the world. Sam Altman, Elon Musk, and the rest of the industry's famous names keep circling the same question: could AI one day turn on us?
- [8 Best AI Trading Signal Tools for Crypto in 2026](https://technext24.com/sponsored/8-ai-trading-signal-tools-for-crypto-2026/): Can AI Trading Signals Actually Help You Cut Through Crypto Market Noise?
- [10 emerging Nigerian women leveraging technology to drive climate action](https://technext24.com/women-in-tech/10-nigerian-women-leveraging-tech/): Climate tech is no longer limited to solar panels, electric vehicles or sophisticated machines built to reduce carbon emissions. 
- [CBK approves transfer of Access Bank Kenya’s assets and liabilities to National Bank of Kenya](https://technext24.com/news/cbk-approves-access-bank-nbk-transfer/): The Central Bank of Kenya (CBK) has approved the transfer of all assets and liabilities of Access Bank (Kenya) Plc to National Bank of Kenya Limited (NBK), consolidating two Kenyan banks owned by the same Nigerian group into a single banking business. CBK confirmed the approval in a statement issued on 23 September 2026.
- [Airtel credits customers affected by poor network between Feb and Apr 2026](https://technext24.com/news/airtel-compensates-poor-network-customers/): Airtel Nigeria has started crediting customers with airtime compensation for poor network service experienced between February and April 2026.
- [Bosun Tijani’s Agege Bread](https://technext24.com/news/bosun-tijanis-agege-bread/)
- [Central Bank of The Gambia orders GTBank, Zenith, others to replace foreign staff with indigenes by December 31](https://technext24.com/news/central-bank-gambia-bank-replace-foreign-staff/): The Central Bank of The Gambia has directed all banks in the country to phase out non-Gambian employees and replace them with suitably qualified Gambian nationals, with full compliance required by December 31, 2026.
- [How Elizabeth-Mary Olowolabi’s first year in UI/UX changed how she thinks about design](https://technext24.com/interview/elizabeth-mary-first-year-design-ui-ux/): The technology industry is heavily saturated with beautiful digital products that absolutely no one wants to use. For early-stage designers and product founders, the allure of a pixel-perfect interface often masks a fundamental structural rot. A screen can look flawless on a digital canvas yet completely collapse when placed in the hands of an actual user trying to solve a real problem.
- [NGX now lets investors buy shares on WhatsApp — here’s how to get started](https://technext24.com/explainer/ngx-now-lets-investors-buy-shares-on-whatsapp/): The Nigerian Exchange Group (NGX) has added WhatsApp as a new channel for its NGX Invest platform, allowing investors to access eligible initial public offerings (IPOs), public offers and rights issues without downloading a separate application.
- [African startups have raised nearly $2bn in 2026, but fewer ventures are getting the money](https://technext24.com/news/african-startups-have-raised-nearly-2bn-2026/): Venture funding into African startups appears to be coming in at a slow and rather haphazard pace in 2026, coming thick and fast in some months and thin and slow in others. So far, in the first eight months of the year, startups solving problems across the continent have raised nearly $2 billion, hitting $1.92 billion at the end of August.
- [GSMA identifies 5G, fibre and digital ID as keys to closing Nigeria’s internet gap](https://technext24.com/news/gsma-5g-fibre-to-close-nigerias-internet-gap/): Closing Nigeria’s internet gap now depends on planned fibre expansion, broader 5G deployment and digital identity reforms, becoming key factors that can improve connectivity and strengthen the value proposition of being online nationwide.
- [MTN, Gates Foundation launch $25m AI maternal health platform for 500,000 Nigerian women](https://technext24.com/news/mtn-gates-ai-maternal-health-platform-nigeria/): MTN Group Foundation and the Gates Foundation have launched an AI-enabled maternal health platform in Nigeria that aims to help 500,000 women access healthcare guidance by 2030.
- [Airtel Money set for London IPO, seeks $800 million raise](https://technext24.com/news/airtel-money-set-for-london-ipo-seeks-800-m/): Airtel Africa's mobile money operation, Airtel Money, has confirmed plans for a London initial public offering (IPO), which would mark one of the London Stock Exchange’s biggest flotations in years. This follows the company's intention-to-float announcement on Wednesday. 
- [Nigeria Fintech Week Day 1: Bold new era as leaders push for African expansion](https://technext24.com/news/nigeria-fintech-week-push-african-expansion/): Nigeria’s fintech story has changed. A few years ago, the big question was whether Nigerians would trust digital payments enough to use them every day. Now, with billions of transactions moving through digital channels, the question is much bigger: what can fintech build on top of the system it has already created?
- [A battle for ISP supremacy: between MTN FibreX, Airtel ODU and others](https://technext24.com/reviews/battle-isp-supremacy-mtn-fibrex-airtel-odu/): Amid intense competition to deliver better broadband services to Nigeria’s internet users, traditional internet service providers (ISPs) are shifting to fibre networks and wireless modes to deliver ultra-fast, unlimited data plans.
- [More than a payments app: how OPay is quietly investing in Nigeria’s next generation](https://technext24.com/news/how-opay-is-investing-in-nigerias-next-gen/): Ask most Nigerians what OPay does, and the answer comes fast. It is the app on your phone for sending money, paying bills, and buying airtime. That is fair; it is the company's core business, and it built its scale on making money move faster and cheaper for millions of Nigerians who had never had that kind of access before.
- [15 years of TEF’s entrepreneurship bet: Over 27K entrepreneurs funded, 1.5M jobs created and 2.1M Africans lifted out of poverty](https://technext24.com/reviews/tef-15-year-report-4-2-bn-revenue-review/): Most development philanthropies spend a decade explaining what they intend to do for Africa. The Tony Elumelu Foundation (TEF) has spent one and a half decades doing it, and its just-released 15-Year Report is essentially the accounting for that bet. The numbers it puts forward are large enough to demand attention on their own: $4.2 billion in cumulative revenue generated by beneficiary entrepreneurs, 1.5 million direct and indirect jobs created, 2.1 million Africans lifted above the poverty line, and more than 4 million households touched across all 54 African countries.
- [Xiaomi bets on 10,000mAh battery as Redmi Note 17 launches September 30](https://technext24.com/news/xiaomi-bets-on-10000mah-battery-as-redmi-note-17-launches-september-30/): Xiaomi is betting on battery endurance to strengthen its position in Nigeria’s competitive smartphone market as it prepares to launch the REDMI Note 17 Series in the country on September 30, with the top-end REDMI Note 17 Pro Max 5G featuring a 10,000mAh battery.
- [What will it take to put the Nigerian Exchange (NGX) on-chain? A chat with Chinonso Obiefule](https://technext24.com/interview/chinonso-obiefule-ngx-on-chain/): In Nigeria, where retail smartphone adoption heavily outweighs conventional capital-market engagement, migrating the Nigerian Exchange (NGX) onto high-throughput rails is an active infrastructural debate. Yet moving equity from a legacy depository to a public ledger demands reconciling programmable code with strict Nigerian securities law.
- [Microsoft Xbox sacks 268](https://technext24.com/newsletters/microsoft-xbox-sacks-268/)
- [Nigeria’s fintech boom drew $5bn from U.S. investors, Consul General says](https://technext24.com/fintech/nigeria-fintechs-drew-5b-from-u-s-investors/): The United States wants a bigger slice of Nigeria's fintech pie, and it's putting its money where its mouth is. Speaking at Nigeria Fintech Week 2026 in Lagos, U.S. Consul General Brandon Hudspeth made the case plainly: American capital, infrastructure and know-how have helped turn Nigeria's fintech scene from a scrappy experiment into the backbone of a digital economy stretching far beyond the country's borders.
- [FairMoney fully redeems N5.86 billion series 6 commercial paper](https://technext24.com/news/fairmoney-redeem-5bn-series-6-commercial-paper/): MyCredit Investments Limited has announced the successful redemption of its ₦5.86 billion Series 6 Commercial Paper issued under its ₦10 billion Commercial Paper Issuance Programme. According to a statement by the company, MyCredit, which is the owner of FairMoney Microfinance Bank, has repaid the amount of ₦5,860,319,000 to investors, fulfilling its obligations under the issuance.
- [CBN wants to remove 4 ‘brakes’ holding back Nigeria’s fintech growth](https://technext24.com/fintech/cbn-four-brakes-nigeria-fintech-growth/): The Central Bank of Nigeria (CBN) wants to remove four major “brakes” holding back the country’s fintech industry, as new financial products stretch beyond traditional banking and regulators struggle to keep pace with innovation.
- [UK-backed programme mobilises $630m for 23 Nigerian businesses, creates 21,400 jobs](https://technext24.com/news/uk-backed-programme-630m-nigerian-businesses/): A UK government-backed programme has mobilised more than $630 million in investment and created over 21,400 direct jobs in Nigeria through 23 successful investment deals over the past six years. 
- [Trump announces ‘Super Intelligence’ as new name for AI](https://technext24.com/news/trump-renames-ai-as-super-intelligence/): United States (US) President Donald Trump has announced that the United States will begin referring to artificial intelligence (AI) as “Super Intelligence” in its official documents, arguing that the word “artificial” makes the technology sound fake.
- [What CBN’s new 23% interest rate means for loans, savings and Nigerian businesses](https://technext24.com/news/what-cbns-new-interest-rate-means-businesses/): The Central Bank of Nigeria (CBN) has cut its benchmark interest rate (MPR) from 26.5% to 23%, a decision reached at its 307th Monetary Policy Committee meeting today.
- [Remita moves beyond payments with launch of super fintech app at Nigeria Fintech Week](https://technext24.com/news/remita-launches-super-fintech-app/): Payments platform Remita has announced the launch of its all-in-one app, marking a shift in focus from just payments to an all-encompassing financial solution platform. The company announced this during the ongoing Nigeria Fintech Week, noting that the new app is the hub of financial services.
- [Africa Bitcoin Corporation CEO’s $307,750 fine over $18.53 trade raises questions about crypto regulation in Africa](https://technext24.com/news/africa-bitcoin-ceo-fine-crypto-regulation/): Africa Bitcoin Corporation co-founder and CEO Warren Wheatley has resigned after South Africa's Financial Sector Conduct Authority fined him $307,750 and debarred him from the financial services industry for 20 years. This stems from three trades involving 50 shares, worth a combined $18.53, executed in September 2022. The case has raised pointed questions about how Africa regulates its crypto and listed companies, and whether the punishment fits the offence.
- [Raenest expands stablecoin offering, bringing receiving, spending and yield earning into one experience](https://technext24.com/sponsored/raenest-expands-stablecoin-offering/): Raenest, a global money management platform for people and businesses in emerging markets, today announced the launch of Stablecoin Vault, enabling eligible users to earn up to 7% variable APY on USDC and USDT balances directly within the Raenest app.

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