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Nigeria’s Internet Usage Surpasses One Million Terabytes Amid Digital Transformation
Nigeria’s internet consumption has hit a major milestone, surpassing one million terabytes in cumulative data usage as of January 2025, according to the Nigerian Communications Commission. However, monthly consumption dropped significantly from 94,502 terabytes in December 2024 to 27,475 terabytes in January 2025. This shift comes as major telecom providers, MTN Nigeria and Airtel Nigeria,…
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Sendstack Targets $1 Million Revenue with GPS Tracker Sales
Sendstack, a Norrsken-backed startup, is pivoting from last-mile logistics to fleet management, aiming to generate $1 million in revenue by 2025 through the sale of GPS tracking devices. The company plans to sell 10,000 trackers by July, each priced at ₦100,000, while promoting its fleet management software, CTRL. The trackers, resembling AirTags and running on…
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Jumia Shares Plunge 28% Amid Continued Losses
Jumia’s stock dropped 28%, falling from $3.88 to $2.82, after reporting continued losses in 2024 despite cost-cutting efforts. The company’s market capitalization shrank to $285.2 million, a steep decline from $1.3 billion in Q3 2024. Revenue fell 10% to $167.5 million, with Q4 earnings down 23% year-over-year. While order volume increased by 11%, Jumia’s logistics…
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Nigeria’s Internet Consumption Surpasses 1 Million Terabytes
For the first time, Nigeria’s internet consumption exceeded 1 million terabytes in January 2025, highlighting the country’s increasing digital dependence. However, data usage dropped sharply to 27,475 terabytes, down from 94,502 terabytes in December 2024. The decline may be linked to recent 50% data tariff hikes by telecom giants MTN Nigeria and Airtel Nigeria, which…
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Cyberattack Disrupts Paratus Namibia’s Operations
Paratus Namibia has detected unauthorized activity on its internal IT systems, leading to operational disruptions. The company’s incident response team, along with international cybersecurity experts, is actively investigating and working to restore affected systems. To contain the attack, all impacted systems were taken offline, while authorities have been notified. Paratus Namibia reassures stakeholders that it…
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OpenAI Announces Internet Browsing Capability for ChatGPT Users
OpenAI, backed by Microsoft, has announced that ChatGPT can now browse the internet, eliminating its previous September 2021 knowledge cutoff. Websites will have control over how ChatGPT interacts with their content. Currently available to Plus and Enterprise users, the Browsing with Bing feature will soon roll out to all users. This update follows OpenAI’s recent…