No deal reached as US–Iran negotiations stall
The proposed ceasefire will probably fail, as the US and Iran disagreed to agree on ending their war despite 21 long hours of negotiations aimed at s…
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Nigeria orders cancellation of passports for citizens who renounce nationality
The Federal Government of Nigeria has officially ordered the Nigeria Immigration Service (NIS) to immediately deactivate and withdraw the passports o…
Japan approves additional $4 billions for Rapidus to reclaim chip leadership
The Japanese Ministry of Industry has pumped an additional ¥631.5 billion (that's about $4 billion) into the semiconductor startup Rapidus to acc…
Budgeting: Definition, Component, Characteristics, and Purposes
Budgeting (or Budgetary) is a process of creating a financial plan that estimates future income and expenditure over a specific period of time. It he…
Who is the Minister of Finance in Nigeria? Meet Wale Edun
Wale Edun is the current Minister of Finance and Coordinating Minister of the Economy of Nigeria . His full name is Chief Adebayo Olawale Edun, and h…
Kuda terminates hundreds of jobs in a company-wide restructuring
Kuda Bank CEO, Babs Ogundeyi Kuda Bank has officially revoked staffs' employment in what the neobank called “a company-wide restructuring”. The l…
Fintech is disappearing, embedded finance is taking over
Gone are the days when fintech was still fintech, or let me say, when fintech was easy to spot. You could easily download a banking app, create a pay…
Moniepoint completes the acquisition of Sumac Microfinance Bank in Kenya
Nigerian fintech company Moniepoint has officially finalized the acquisition of a 78% stake in Sumac Microfinance Bank in Kenya. In June 2025, the Co…
MTN begins phasing out Ayoba app in selected markets
MTN is phasing out Ayoba, the telecom disclosed in a notification sent through in-app messages and updated terms and conditions. The company is phasi…