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OpenAI: Announces Charge Of 7.5% VAT On Services In Nigeria

OpenAI: 7.5% VAT On ChatGPT Plus Services, Begins In Nigeria

October 26, 2025 3:51 am

Starting November 2025, OpenAI will add a 7.5% VAT to ChatGPT Plus and other AI services in compliance with Nigeria’s digital tax regulations.

OpenAI has announced that it will begin charging a 7.5% Value Added Tax (VAT) on all paid services in Nigeria starting November 1, 2025, in compliance with local tax laws governing non-resident digital companies.

In an email sent to Nigerian users this week, the company said the change aligns with Section 10 of the Value Added Tax Act (as amended) and the Federal Inland Revenue Service (FIRS) Information Circular 2021/19. The tax will apply to all paid …

Elon Musk Tenders Apologies For Frustrations Over X Algorithm

Elon Musk Tenders Apologies For Frustrations Over X Algorithm

October 25, 2025 11:48 am

Tech billionaire Elon Musk says his team is working hard to resolve widespread frustrations caused by a glitch in X’s algorithm over the past 24 hours.

Billionaire entrepreneur Elon Musk has apologized to users of X, formerly known as Twitter, after widespread complaints about glitches in the platform’s algorithm led to frustration among its global user base.

Musk, who owns the social media network, issued a brief but direct statement on Friday October 24, 2025, acknowledging the technical problems and assuring users that the company is working to fix them. “My apologies for frustrations with the algorithm. We are working

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Elizabeth: Chicago’s Only Black-Owned Grocery Store Opens Doors

Elizabeth: Chicago’s Only Black-Owned Grocery Store Launched

October 25, 2025 10:40 am

Entrepreneur Elizabeth Abunaw turns a layoff from Microsoft into Forty Acres Fresh Market — bringing fresh, affordable food to a long-underserved community.

What began as a career setback has grown into a powerful story of resilience and community empowerment. Elizabeth Abunaw, an African American entrepreneur, has opened Chicago’s only Black-owned grocery store — Forty Acres Fresh Market — with a mission to make fresh, affordable food accessible to neighborhoods long deprived of it.

The store, which officially began operations on September 14, 2025, celebrated its grand opening on September 27, 2025. For Abunaw, the launch marked the culmination of years …

SpaceX Cuts Off 2,500 Starlink Devices Tied To Myanmar Scams

SpaceX Cuts Off 2,500 Starlink Services To Myanmar Scammers

October 23, 2025 6:23 pm

Elon Musk’s SpaceX disabled thousands of Starlink devices linked to cyber scam premises in Myanmar as global concern over “pig butchering” frauds grows.

SpaceX has disabled more than 2,500 of its Starlink satellite internet devices used by cyber scam syndicates in Myanmar, the company confirmed on Wednesday October 23, 2025, marking one of its largest enforcement actions against misuse of its technology.

The move follows mounting evidence that criminal networks in the war-torn nation have relied on Starlink to run sprawling online fraud operations, often involving human trafficking and forced labor. The scams, known locally as “pig butchering,” lure victims—many …

Rihanna Loses $36 Million After Luxury Fashion Venture Fails

Rihanna Loses $36 Million After Luxury Fashion Venture Fails

October 23, 2025 2:29 am

Singer and entrepreneur Rihanna reportedly lost $36 million from her high-end fashion label Fenty, launched with Louis Vuitton’s parent group LVMH in 2019.

Rihanna has reportedly lost $36 million following the collapse of her luxury fashion line, Fenty, a collaboration with French fashion giant Louis Vuitton Moët Hennessy (LVMH).

According to recently filed accounts for her British company, Denim UK Holdings, the Barbados-born music star and entrepreneur invested nearly €30 million ($34.86 million) into the brand, which launched in 2019 as part of an ambitious push into high-end fashion. LVMH, the world’s largest luxury goods conglomerate, matched her investment with …

MultiChoice Slashes DStv Decoder Prices By Up To 40 Percent

MultiChoice: Slashes DStv Decoder Prices By Up To 40 Percent

October 22, 2025 1:55 pm

The move marks Canal+’s first major step since acquiring MultiChoice, aiming to revive DStv’s shrinking user base amid rising streaming competition.

Canal+, the French media group that recently took full ownership of MultiChoice, has announced sweeping price cuts for DStv decoders across Africa — a bold attempt to win back millions of viewers who have switched to cheaper streaming services.

Starting November 1, 2025, the company will reduce decoder prices by as much as 40% online and 30% in retail stores, marking its most aggressive pricing overhaul in over a decade. The move comes after a steady decline in DStv’s …

Moniepoint Firm Secures $200 Million To Boost Africa, UK Drive

Moniepoint Firm Secures $200 Million To Boost Africa, UK Drive

October 22, 2025 1:31 pm

Nigerian fintech Moniepoint raises $200 million in 2025, attracting Visa, Google, and LeapFrog to fuel expansion across Africa and the United Kingdom.

Nigeria’s leading financial-technology firm Moniepoint Incorporated has raised $200 million in total funding this year, cementing its status as one of Africa’s most valuable fintech companies and strengthening its international ambitions.

The latest $90 million round, announced this week, drew participation from global investors including Visa Incorporated, LeapFrog Investments, Development Partners International LLP, and Google’s Africa Investment Fund. The investment reflects renewed confidence in Africa’s fast-growing digital-finance industry after two years of subdued venture activity.

Founded in 2015 …

CBN Re-Capitalization: 11 Nigerian Banks Met Stipulated Deadline

CBN Re-Capitalization Drive: 11 Nigerian Banks Meet Deadline

October 19, 2025 6:12 pm

Nigerian banks raised over ₦1.7 trillion to meet CBN’s capital rule ahead of the 2026 compliance deadline, through rights issues to private placements.

With less than six months to the Central Bank of Nigeria’s (CBN) re-capitalization deadline, 11 commercial banks have successfully met the new minimum capital requirements through a mix of rights issues, private placements, and capital injections.

The re-capitalization drive, announced to strengthen Nigeria’s banking system, has already added about ₦1.72 trillion to the sector’s total share capital. Three banks with international licenses, six with national authorizations, and two non-interest lenders have crossed the finish line, according to …

Dangote Cuts Cooking Gas Price To ₦760, Blasts Dubious Marketers

Dangote Cuts Cooking Gas Price To ₦760, Blasts Oil Marketers

October 9, 2025 6:13 pm

Dangote Refinery’s price slash have exposed the alleged profiteering by gas marketers, as Nigerians demand government action to curb price manipulation.

The Dangote Petroleum Refinery has announced another major cut in the price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, slashing its ex-depot rate from ₦810 to ₦760 per kilogram.

The move positions Dangote as the lowest supplier in Nigeria’s domestic gas market and comes amid widespread public outrage over marketers selling above ₦1,000/kg, despite the price reduction.

Analysts say the development could reshape the country’s energy market dynamics, exposing alleged price manipulation and profiteering by …

Gold Hits Record $4,000 As Global Uncertainty Spurs Surge

Gold Hits Record $4,000 As Global Uncertainty Spurs Surge

October 8, 2025 4:59 am

Gold prices have soared past the $4,000 mark an ounce, setting a historic record as investors scramble for safe-haven assets amid mounting economic and political uncertainty worldwide. The rally marks one of the most dramatic surges in decades, with gold climbing more than 25% since April, fueled by fears over trade tensions, financial instability, and political turmoil.

The US government shutdown, now entering its second week, has further amplified investor anxiety. Delays in key economic data have left markets uncertain, prompting more individuals and institutions to turn to gold as a store of value. Spot gold — the price received …

Elon Musk, World's Richest Man Has Hit $500 Billion Net Worth

Elon Musk, World’s Richest Man Has Hit $500 Billion Net Worth

October 4, 2025 12:57 am

Elon Musk still leads as the world’s richest man with his Tesla surge and soaring valuations of SpaceX and xAI propels him to historic half-trillion-dollar fortune.

Elon Musk has become the first person in history to amass a personal fortune of $500 billion, according to Forbes’ Real-Time Billionaires index, cementing his position as the world’s richest individual.

The milestone places Musk far ahead of other billionaires. Oracle co-founder Larry Ellison, the world’s second-richest person, trails him by nearly $150 billion.

Musk’s latest leap in wealth was fueled by a 4% rise in Tesla shares on Wednesday, which added more than …

MTN Backs African Language Data To Advance AI Across Africa

MTN Backs African Language Datasets To Advance AI In Africa

October 2, 2025 10:39 pm

MTN—African Telecom giant has thrown its weight behind the African datasets to boost AI inclusion and preserve linguistic diversity across the entire continent.

MTN Group has pledged to support the creation of African language datasets, aiming to strengthen the continent’s role in Artificial Intelligence (AI) and prevent the marginalization of its 1.5 billion people in the global digital economy.

The announcement came during “The Y’ello Chair Vodcast: Your Link to the African Continent,” held alongside the 80th United Nations General Assembly in New York. Nigeria’s Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, called on both public and …

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𝐀𝐟𝐫𝐢𝐜𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐍𝐞𝐰𝐬, 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤, is a nonpartisan online news portal founded on the truth to provide you with weekly, insightful articles written with precision and current updates on current events from Africa in particular and the rest of the world in general. All of our reports undergo extensive fact-checking to ensure their veracity, and we adhere strictly to the facts, no matter whose ox is gored.

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