CEO Femi Aluko explained that the company’s operations team had grown sixfold in the past year—from 20 employees in January 2024 to 120 in January 2025. However, the rapid expansion was unsustainable based on the company’s growth targets for 2025.
The charges come after MultiChoice allegedly ignored FCCPC’s order to halt a proposed price increase on DStv and GOtv subscriptions while an investigation was ongoing.
The company’s latest financial report for 2024 shows an after-tax loss of ₦265.6 million, slightly lower than the ₦290.7 million loss recorded in 2023.
Under the leadership of Governor Olayemi Cardoso, the CBN has intensified its commitment to financial stability. As part of its regulatory agenda, the apex bank recently hosted a high-level compliance and Anti-Money Laundering (AML) training workshop in Lagos, in partnership with Citi.
Nigeria’s financial sector is on the brink of a payment revolution as Moniepoint, a leading fintech unicorn, has partnered with AfriGo, the national domestic card scheme, to introduce five million contactless payment cards and tap-to-pay solutions across the country.
At the 2024 Mastercard Foundation Edtech Conference, Nigeria’s Minister of Communications, Dr. Bosun Tijani, emphasized the importance of inclusion, stating, “If we fail to reach all learners, we fail to fulfill our potential to revolutionize education.”
Microsoft’s AI assistant, Copilot, has found itself in hot water after being caught providing users with step-by-step instructions on how to activate Windows 11 without a valid license.