Dozy Mmobuosi, founder and CEO of Tingo Group. Tingo Group, the Nigerian-based agri tech company which came under fire following allegations of fraudulent dealings detailed in a report by Hindenburg Research, an activist investor, has denied any wrong. In a public statement released on Tuesday, the company said the report by Hindenburg only represents the …
Dozy Mmobuosi, the visionary founder of Tingo Group, a rapidly expanding conglomerate encompassing various industries such as technology, agriculture, e-commerce, and aviation, finds himself mired in controversy following a recent news report. Accused of orchestrating an exceptionally apparent scam, with allegations of completely fabricated financials, Mmobuosi’s once-celebrated entrepreneurial journey now faces intense scrutiny and uncertainty. …
Trade Lenda, a Nigeria-based digital bank for SMEs and farmers has announced its nomination for the 2023 Go Global Awards, hosted by the Rhode Island Commerce Corporation. According to the organisers, the Go Global Award is an international event, judged by government officials from over 28 countries alongside influential industry leaders across a spectrum of …
Akpan Richard, a 33-year-old employee of a public relations company, woke up on Thursday, 1 June, unwilling to go to work. The recent hike in the price of petrol as a result of subsidy removal by the Nigerian government has changed his life overnight. His monthly budget for transport to and from the office would …
Flutterwave, Africa’s payments technology company, has partnered with Token.io, an account-to-account (A2A) payment infrastructure provider in Europe, to integrate Pay-By-Bank transfer capabilities into Flutterwave’s platform. This announcement was made at the Money20/20 Europe fintech conference in Amsterdam. A2A payments, commonly known as ‘Pay-By-Bank,’ offer a secure and swift method to transfer funds between bank accounts. …
Justus Obaoye and Abdulazeez Ogunjobi founders of Billboxx, a business-to-business (B2B) software as a service (SaaS) company have been selected to join the Norrsken Accelerator program for 2023. Norrsken Accelerator nurtures innovative startups and provides them with the necessary resources, mentorship, and network to scale their businesses and create a positive impact in their respective …
Airline says incident at payroll provider was caused by vulnerability in file transfer tool British Airways, Boots and the BBC on Monday confirmed they had been affected by a “cyber security incident” involving their payroll provider which has affected some of the UK’s best-known names. BA said the incident at Zellis, its payroll provider, was …
Apple announced its entry into the metaverse with the launch of its augmented reality and virtual reality (AR/VR) headset called Vision Pro. The headset is expected to challenge the dominance of Meta’s Oculus in the metaverse but at over six times the price of the latter. The mixed reality headset, Vision Pro is the first …
Improved broadband penetration has the potential of creating wealth and unlocking huge opportunities for millions of Nigerians Despite the declining rate of broadband penetration, Nigeria’s telecommunications companies reported an additional two (2) million new internet subscribers as of April 2023. Recent data from the Nigeria communication commission (NCC) show that internet subscribers rose to 157 …
Industry leaders in the Nigerian tech ecosystem have outlined ways by which Nigerian and African tech startups can mitigate risk in long-term business investment. The expert who spoke at the African Techent1:0 held in Lagos noted that many tech startups have shut down due to the inability to plan and adopt various risk management strategies. …