Today on the Techpoint Africa Podcast, we discuss the hot topics in the African tech space.

The stories:
Nigeria's central bank debits banks
Google to launch its first African Cloud region in South Africa
Increased Uber fares in Lagos
Nigerian government sues Meta
Nigeria's re-election to the International Telecommunications Union (ITU)

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Or send an email to business@techpoint.africa

Explore the fintech in everything at The Fintech Summit 2022 - https://techpoint.africa/2022/....08/18/explore-the-fi

Timestamps
00:00 - Intro
01:09 - Nigeria's central bank debits banks
09:38 - Google to launch its first African Cloud region in South Africa
19:30 - Uber fares to increase in Lagos
23:40 - Nigerian government sues Meta
29:28 - Nigeria re-elected to the International Telecommunications Union (ITU)

Useful links
Why is Nigeria’s central bank debiting commercial banks? - https://techpoint.africa/2022/....10/05/cbn-debits-com
Google to launch its first African Cloud region in South Africa - https://techpoint.africa/2022/....10/05/google-first-s
Uber fares in Lagos are about to increase by 18% - https://techpoint.africa/2022/....10/03/lagos-uber-far
FG sues Mark Zuckerberg’s Meta over adverts, demands N30bn - https://www.vanguardngr.com/20....22/10/fg-sues-mark-z
If you want a free and open Internet, pay attention to Nigeria’s role with this relatively unknown UN agency - https://techpoint.africa/2022/....10/04/nigeria-intern
11 critical questions on the leaked NITDA bill; a tussle for more power? - https://techpoint.africa/2021/....08/19/leaked-nitda-b
Everything you need to know about Nigeria’s Social Media Bill and what you can do about it - https://techpoint.africa/2019/....11/28/nigerias-socia
Nigeria plans to regulate online platforms - https://techpoint.africa/2022/....06/14/techpoint-dige
Nigerian broadcasting agency seeks to regulate exclusive/original local content on Netflix, iROKOtv, PayTV - https://techpoint.africa/2020/....06/10/nigerian-broad

#NigeriasuesMeta #TechpointAfricaPodcast

This episode was produced by Ogheneruemu Oneyibo and Michael Madumere

Email us your feedback at podcast@techpoint.africa. Visit www.techpoint.africa for more stories.

Music - Beach by MBB - https://www.youtube.com/watch?v=dEnQ8dHwDSk

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An attack by Boko Haram militants has left more than 90 girls missing from a government secondary School at Dapchi town in Yobe, north east Nigeria.

According to media reports, the militants clad in military camouflage, carrying heavy guns invaded the town on Monday evening and targeted the all-girls school.

They headed to the girls' hostels where over 700 girls were resident. The sound from the sect’s militants explosives and gunshots alerted the students and their teachers who immediately…
READ MORE : http://[a]www.africanews.com%2F2018%2F02%2F21%2Fscores-of-girls-missing-after-boko-haram-attack-in-north-east-nigeria[/a]

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Olatorera Majekodunmi-Oniru is an aspirant of the All Progressives Congress who is ready to offer an effective representation to the people of Ogun Central senatorial district in 2023. The task ahead is great and she says she is up to it. She speaks on the Arise Interview.

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Welcome To The Breakfast

Comrade Ismail Adejumo, Chairman RATTAWU Lagos And P.R.O NLC
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"That the NNPC (Nigerian National Petroleum corporation, ed.), a private limited liability company, that illegally announced the price regime in the oil sector refuses to revert itself for negotiations to continue. That the Nigeria labour congress and all its affiliates will withdraw their services

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Nigeria has launched a voluntary assets and income declaration scheme to boost its domestic revenue collection. The country has one of the poorest tax paying records in the continent but its mostly because of a poor system following years of reliance on oil revenue. According to the ministry of finance, a mere 20% of economically active Nigerians pay taxes-making it impossible for government to effectively finance development programs. Vik Chege reports.

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The Nigerian National Bureau of Statistics (NBS) reported in its latest consumer price index that inflation rose to 21.47% in November, up from 21.09% in October. Nigeria’s government anticipates that inflation will remain in the double digits, averaging 17.16% next year

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#AfBusiness #food #nigeria #foodprices #inflation

Afolabi Olowode, Tunde Abidoye and Uwadiae Osadiaye discuss the Nigerian Economy on CNBC Africa.
#NigerianEconomy #CNBCAfrica #FBNQuest

Former DG, NIIA, Prof Bola Akinterinwa, speaks on new attacks on Nigerians in SA.

#Xenophobia#; #SAKillingNigerians

Police PRO in the state Bright Edafe who spoke to newsmen after the arrest says the suspects were carrying out a gay wedding ceremony in a hotel along Refinery road. #gay #newsupdate #police #breakingnews #tinubu #bolaahmedtinubu #kashimshettima #abuja #TVCNews #TVC #News #NaijaNews #NaijaGist #Entertainment #NewsUpdate #BreakingNews #NewsInNigeria #TrendingGists #latestnews #todaynews #BreakingNews #TrendingVideo #YouTubeRewind #Trending #Viral #Music #EntertainmentNews #ClimateChange #BusinessNews #SportsNews #AfricaNews #NigerianYouth #NigerianSports #NigeriaEconomy #NigeriaNews

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South African President Cyril Ramaphosa has claimed that Saudi Arabia wants to join BRICS. He says Crown Prince MBS showed interest in joining the bloc during his recent meeting with him. Is Riyadh trying to disassociate itself from the West? Molly Gambhir reports.

#mbs #brics #saudiarabia

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In a historic turn of events, the Nigerian stock market experienced a remarkable surge, surging past the significant milestone of 70,000 points for the very first time. This remarkable achievement marks a significant moment in the nation's financial landscape.

The All Share Index, reflecting the overall performance of stocks, exhibited a resounding climb of 1.94%, culminating at an impressive 70,581 points. This momentous gain was the culmination of a trend that saw stocks appreciate in value for the third consecutive trading session. Investors and market enthusiasts watched in anticipation as bullish sentiment seemed to dominate the market.

This surge in the stock market has been partly attributed to the series of economic reforms spearheaded by President Bola Tinubu and his administration. These reforms have garnered widespread attention and a positive reception in the financial sector. As a result, investors, particularly local funds, have shown renewed enthusiasm for equities. The market has witnessed a striking 35% increase in stock value since the inception of these economic reforms, reflecting growing confidence in the Nigerian economy.

However, amidst this domestic resurgence in stock investments, foreign investors have remained cautious and somewhat passive. While the local market appears to be thriving, international investors have adopted a more reserved stance, perhaps waiting for more sustained positive indicators before re-entering the market.

The Nigerian stock market's achievement of crossing the 70,000-point mark is a testament to the growing optimism and confidence in the nation's economic prospects. As President Tinubu's economic reforms continue to unfold, the financial markets remain a focal point, with both domestic and foreign investors keeping a watchful eye on the developments that will shape Nigeria's economic future.

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Nigeria's All-Share Index Crosses 70,000 Points Threshold | Business Edge | 02-11-23

#NewsCentral #AfricaFirst #Africa #News #Politics

Nigeria's President Muhammadu Buhari has signed into law the finance bill that puts an increase on Value Added Tax.
…
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The National Governing Council of the African Peer Review Mechanism Nigeria has stated that Nigeria will soon overcome various socio-economic challenges hindering its development.

The Council, whose members were appointed by President Muhammadu Buhari,
was inaugurated in July 2019 to oversee the implementation of the country's Second Peer Review process.

Correspondent habidah lawal reports


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Airtel Africa – one of the major subsidiaries of Bharti Airtel – has announced the purchase of 4G and 5G spectrum in Nigeria for a total value of $317 million. Nigeria is the largest market in Airtel Africa’s portfolio. Nigeria contributed 39.8% of total revenue and 44.9% of total EBITDA for Airtel Africa in FY22. As per the company, during FY22 revenue and EBITDA increased by 21% and 24%, respectively, with EBITDA margin stood at 55.2%.
According to Morgan Stanley, Airtel Africa’s capital expenditure could likely increase if the company starts the 5G network rollout over the coming quarters. For FY23, Airtel Africa has guided a capex of $700-750 million.
#Airtel #AirtelNigeria #ETNOW

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Trevor explains why a South African woman got locked up for being racist.

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