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Telcos Lose Nearly 1 Million Internet Users After 50% Tariff Hike Telcos Lose Nearly 1 Million Internet Users After 50% Tariff Hike
Telecoms3 days ago

Telcos Lose Nearly 1 Million Internet Users After 50% Tariff Hike

Telecommunications operators in Nigeria lost nearly one million internet users in February 2025, just a month after a 50% tariff...
Temi Popoola Temi Popoola
Markets4 days ago

Expert Bets on $500Bn Informal Capital to Cushion Africa’s Equity Exit Challenges  
PwC Releases 7 Trends to Shape Nigeria’s economy in 2024 PwC Releases 7 Trends to Shape Nigeria’s economy in 2024
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Latest

Court Fines Multichoice N150m over Tariff Hike, Orders One Month Free Subscription The Competition and Consumer Protection Tribunal has fined the prominent Pay-TV operator, Multichoice Nigeria, owners of DSTV, GOTV, N150 million for disputing the court’s jurisdiction, and ordered the company to provide Nigerians with a one-month free subscription to its subscribers. A three-man panel led by Thomas Okusu gave the verdict on Friday. The tribunal had previously blocked Multichoice from raising subscription fees without proper notice, based on a lawsuit by Barrister Festus Onifade who claimed the eight-day notice given for the price increase was inadequate. Onifade had sued DSTV, accusing the Pay-TV of unjustly increasing subscription fees without one month’s notice to customers and leveraging on it to seek interim orders. Counsel for Multichoice had contended that previous rulings had settled price regulation issues, while Onifade focused on the inadequate notice rather than the price hike itself, prompting the tribunal to affirm its jurisdiction and rule against Multichoice. Court Fines Multichoice N150m over Tariff Hike, Orders One Month Free Subscription The Competition and Consumer Protection Tribunal has fined the prominent Pay-TV operator, Multichoice Nigeria, owners of DSTV, GOTV, N150 million for disputing the court’s jurisdiction, and ordered the company to provide Nigerians with a one-month free subscription to its subscribers. A three-man panel led by Thomas Okusu gave the verdict on Friday. The tribunal had previously blocked Multichoice from raising subscription fees without proper notice, based on a lawsuit by Barrister Festus Onifade who claimed the eight-day notice given for the price increase was inadequate. Onifade had sued DSTV, accusing the Pay-TV of unjustly increasing subscription fees without one month’s notice to customers and leveraging on it to seek interim orders. Counsel for Multichoice had contended that previous rulings had settled price regulation issues, while Onifade focused on the inadequate notice rather than the price hike itself, prompting the tribunal to affirm its jurisdiction and rule against Multichoice. The court subsequently fixed July 3 for a hearing of the plaintiff’s substantive suit.
Technology1 year ago

Multichoice Increases DStv, GOtv Subscription Rates, Blames Rising Cost Of Business

Satellite broadcasting company, Multichoice, has jacked up the prices of its offerings in Nigeria four months after its last increment....
MainOne partners STEMCafe
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MainOne partners STEMCafe to bring Maker Space to Schools
DOGE vs BTC: Elon Musk declares crypto ‘space race’ with BitMEX has begun
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YouTube Music deepens investment in black communities with #YouTubeBlack Voice Fund
SEC releases rules to permit crypto trading in Nigeria
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World Consumer Rights Day
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NCC concludes cost-based study on international termination rate determination
Romance-Based Cryptocurrency Fraud Model on the Rise – Sophos
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COVID-19 ERA: Rise in cyberattacks pushes 87% IT teams in Nigeria to upskill – Sophos

Top Reads

CBEX Crypto
Cryptocurrency6 days ago

CBEX Crypto Firm Reboots Despite $940m Fraud Claim
Zoho Unveils Advanced AI Features in Low-Code Development Platform
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Airtel Africa Invests $670m on Infrastructure, Posts $4.96 Billion Annual Revenue
Company Reports3 days ago

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Airtel Africa Partners SpaceX to Expand Internet Access in Underserved African Regions
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Economy

Proposed Raw Materials Bill Threatens Exporters, Manufacturers
Economy3 weeks ago

Proposed Raw Materials Bill Threatens Exporters, Manufacturers – CPPE

The Centre for the Promotion of Private Enterprise (CPPE) has strongly opposed the proposed Raw Materials Research and Development Council...
NNPC $60 Billion Investment NNPC $60 Billion Investment
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NNPC Targets $60 Billion Investment to Reclaim Nigeria’s Global Energy Influence
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Nigeria’s Inflation Rose to 24.23% in March 2025 – NBS
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Nigeria’s Inflation Rose to 24.23% in March 2025 – NBS
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Markets

Airtel Africa Invests $670m on Infrastructure, Posts $4.96 Billion Annual Revenue
Company Reports3 days ago

Airtel Africa Invests $670m on Infrastructure, Posts $4.96 Billion Annual Revenue

Airtel Africa Plc has reported strong operational and financial performance for its fiscal year ended March 31, 2025, marked by...
CBEX Crypto CBEX Crypto
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Equities Lose N208Bn as Investors React to March Inflation
Capital Market3 weeks ago

Equities Lose N208Bn as Investors React to March Inflation Data
CBEX: SEC, EFCC to prosecute influencers, celebrities promoting fraudulent investments The Securities and Exchange Commission (SEC) has warned that celebrities, influencers, and bloggers who promote unregistered investment schemes will face prosecution, as the commission moves to enforce provisions of the newly enacted Investments and Securities Act (ISA) 2025. In a statement released on Sunday in Abuja, SEC Director-General Emomotimi Agama said, “The law also covers influencers and bloggers who promote fraudulent schemes, with clear penalties, including imprisonment.” “We are using this opportunity to warn such individuals to immediately desist from promoting unregistered entities,” he added. Citing the recent collapse of CBEX, a digital investment platform accused of defrauding Nigerians of over N1.3 trillion, Agama said, “The collapse of CBEX underscores the urgency of our crackdown. We are shutting down their operations, and the promoters will face the full weight of the law.” He urged Nigerians to remain vigilant and always verify investment opportunities with the commission before committing funds. “If it sounds too good to be true, it probably is,” he warned. Agama reiterated the SEC’s commitment to protecting investors and enhancing market integrity. “We have dealt with similar schemes in the past and will continue to do so, leveraging the powers of the ISA 2025 to safeguard investors and develop the capital market,” he said. He also disclosed that the commission has taken proactive steps to prevent future occurrences. “The SEC has also established dedicated departments to monitor market activities and conduct inspections aimed at detecting irregularities early,” Agama said. “These proactive measures are designed to prevent large-scale frauds like CBEX from recurring.”
General3 weeks ago

N1.3tn Loss to CBEX: SEC, EFCC to Punish Influencers, Celebrities Promoting Fraudulent Investments
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Capital Market3 weeks ago

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Technology

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TeKnowledge Hits New Milestones in Africa with AI-First Expert Services for Enterprise Transformation
Telecoms5 days ago

Airtel Africa Partners SpaceX to Expand Internet Access in Underserved African Regions
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MTN Nigeria Invests N202.4Bn to Strengthens Nationwide Connectivity
NCC Boss Maida Calls for Overhaul NCA 2003 to Secure Nigeria’s Digital Future NCC Boss Maida Calls for Overhaul NCA 2003 to Secure Nigeria’s Digital Future
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Digital Realty Launches ServiceFabric in Nigeria to Boost Global, Local Connectivity
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Crypto Market

Trump Tariffs Bitcoin Trump Tariffs Bitcoin
Cryptocurrency1 month ago

Bitcoin Slips below $82,000 as Trump Slams New Tariffs for 185 Countries

The price of Bitcoin slipped below $82,000 on Thursday as U.S. President Donald Trump’s massive new tariffs shook Wall Street...
Nigeria SEC Amending Regulations to Tax Cryptocurrency Transactions Nigeria SEC Amending Regulations to Tax Cryptocurrency Transactions
Cryptocurrency3 months ago

Nigerian Authority Amending Regulations to Tax Cryptocurrency Transactions

The Securities and Exchange Commission (SEC) is amending regulations to ensure that all eligible transactions on regulated exchanges fall within...
$80,000 Mark in View as Bitcoin Rides on US Election Frenzy $80,000 Mark in View as Bitcoin Rides on US Election Frenzy
Cryptocurrency6 months ago

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Bitcoin has experienced wild price swings since Vice President Kamala Harris announced her candidacy for the U.S. Presidential election in...

Commodities News & Agribusiness

Oil Prices Slide over 2% on Iran Deal, OPEC+ Output, Economic Concerns Oil Prices Slide over 2% on Iran Deal, OPEC+ Output, Economic Concerns
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Oil Prices Slide over 2% on Iran Deal, OPEC+ Output, Economic Concerns
Oil Prices, Naira, FX Reserves Knotted in Negative Sentiments Oil Prices, Naira, FX Reserves Knotted in Negative Sentiments
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Oil Slides Below $80 amidst Uncertainties in U.S Policies Oil Slides Below $80 amidst Uncertainties in U.S Policies
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Cocoa exports and Production in Nigeria Cocoa exports and Production in Nigeria
Commodities News & Agribusiness9 months ago

Nigeria’s Cocoa Exports Jump 304% on Demand, Naira

Finance

SANEF CEO Uzoebo SANEF CEO Uzoebo
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AI Will Drive the Future of Financial Inclusion – SANEF CEO Uzoebo
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Finance1 month ago

AfDB Basks in Global Recognitions for Transforming Africa with $318bn Capital Base
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United Capital dividend United Capital dividend
Finance1 month ago

United Capital Shareholders Get N9bn Dividend Today
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Viewpoints

How Nigerian Businesses Can Leverage Agentic AI for Growth and Efficiency
Technology1 month ago

How Nigerian Businesses Can Leverage Agentic AI for Growth and Efficiency

By Kehinde Ogundare, Country Head, Zoho Nigeria Artificial Intelligence (AI) is revolutionising industries globally, and Nigeria is no exception to...
Trump’s 14% Tariff, a Critical Test of Resilience for Nigeria Trump’s 14% Tariff, a Critical Test of Resilience for Nigeria
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Trump’s 14% Tariff, a Test of Resilience for Nigeria
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  UNIABUJA and Its Leadership: Who the Cap Fits?
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BOOK REVIEW: Taking Nigerian Small Businesses to Paradise
Tinubu's Quest to Overcome the Power Sector Gridlock
Energy4 months ago

On Tinubu’s Quest to Overcome Power Sector Gridlock
Tinubu's visit to Enugu
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Significance of President Tinubu’s Enugu Visit
Economy4 months ago

Making Nigeria Strong Again: Addressing the Weakness of a National Economy
Baba Obasanjo and the NNPCL Refineries,
Energy4 months ago

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Facts Behind MultiChoice’s Subscriber Numbers
General6 months ago

Facts Behind MultiChoice’s Subscriber Numbers
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General News

Mohammed Adamu
Politics2 weeks ago

Ex-IGP Mohammed Adamu’s Legacy Under Spotlight as He Joins Nasarawa Governorship Race

According to political analysts, Adamu’s career record and post-service controversies could pose significant challenges to his political aspirations
CBEX: SEC, EFCC to prosecute influencers, celebrities promoting fraudulent investments The Securities and Exchange Commission (SEC) has warned that celebrities, influencers, and bloggers who promote unregistered investment schemes will face prosecution, as the commission moves to enforce provisions of the newly enacted Investments and Securities Act (ISA) 2025. In a statement released on Sunday in Abuja, SEC Director-General Emomotimi Agama said, “The law also covers influencers and bloggers who promote fraudulent schemes, with clear penalties, including imprisonment.” “We are using this opportunity to warn such individuals to immediately desist from promoting unregistered entities,” he added. Citing the recent collapse of CBEX, a digital investment platform accused of defrauding Nigerians of over N1.3 trillion, Agama said, “The collapse of CBEX underscores the urgency of our crackdown. We are shutting down their operations, and the promoters will face the full weight of the law.” He urged Nigerians to remain vigilant and always verify investment opportunities with the commission before committing funds. “If it sounds too good to be true, it probably is,” he warned. Agama reiterated the SEC’s commitment to protecting investors and enhancing market integrity. “We have dealt with similar schemes in the past and will continue to do so, leveraging the powers of the ISA 2025 to safeguard investors and develop the capital market,” he said. He also disclosed that the commission has taken proactive steps to prevent future occurrences. “The SEC has also established dedicated departments to monitor market activities and conduct inspections aimed at detecting irregularities early,” Agama said. “These proactive measures are designed to prevent large-scale frauds like CBEX from recurring.” CBEX: SEC, EFCC to prosecute influencers, celebrities promoting fraudulent investments The Securities and Exchange Commission (SEC) has warned that celebrities, influencers, and bloggers who promote unregistered investment schemes will face prosecution, as the commission moves to enforce provisions of the newly enacted Investments and Securities Act (ISA) 2025. In a statement released on Sunday in Abuja, SEC Director-General Emomotimi Agama said, “The law also covers influencers and bloggers who promote fraudulent schemes, with clear penalties, including imprisonment.” “We are using this opportunity to warn such individuals to immediately desist from promoting unregistered entities,” he added. Citing the recent collapse of CBEX, a digital investment platform accused of defrauding Nigerians of over N1.3 trillion, Agama said, “The collapse of CBEX underscores the urgency of our crackdown. We are shutting down their operations, and the promoters will face the full weight of the law.” He urged Nigerians to remain vigilant and always verify investment opportunities with the commission before committing funds. “If it sounds too good to be true, it probably is,” he warned. Agama reiterated the SEC’s commitment to protecting investors and enhancing market integrity. “We have dealt with similar schemes in the past and will continue to do so, leveraging the powers of the ISA 2025 to safeguard investors and develop the capital market,” he said. He also disclosed that the commission has taken proactive steps to prevent future occurrences. “The SEC has also established dedicated departments to monitor market activities and conduct inspections aimed at detecting irregularities early,” Agama said. “These proactive measures are designed to prevent large-scale frauds like CBEX from recurring.”
General3 weeks ago

N1.3tn Loss to CBEX: SEC, EFCC to Punish Influencers, Celebrities Promoting Fraudulent Investments
Nigeria Launches $510m SAPZ Agricultural Revolution Backed by AfDB Nigeria Launches $510m SAPZ Agricultural Revolution Backed by AfDB
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Education1 month ago

OneData Partners Caleb University on Campus Connectivity, Digital Innovation
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Group Asks Tinubu To Remove Member of New NNPC Board, Explains Why
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Heirs Holdings Partners with GIVO Africa to Tackle Plastic Waste
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Education2 months ago

Winner of Mike Okonkwo Essay Competition to Get N1m Cash Prize
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Travels & Aviation

Emirates World’s First Autism Certified Airline
Aviation4 months ago

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China Development Bank Approves $254.76m Loan for Nigeria’s Kano-Kaduna Railway Project 
Autos5 months ago

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Aviation6 months ago

Demand for African Airline Tickets Surges by 11.9% – IATA
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Airbus Names Gabriel Semelas to Lead Airbus in Africa and the Middle East
Wakanow.com Advances Partnership opportunities with Air Côte d'Ivoire
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Appointments & RECOGNITIONS

Appointments1 month ago

BREAKING: Tinubu Sacks Kyari as NNPC Group CEO, Appoints Bayo Ojulari

President Bola Tinubu has fired Mele Kyari as the group chief executive officer of the Nigerian National Petroleum Company Limited...
Adenike Ogunlesi Adenike Ogunlesi
Appointments2 months ago

Unilever Nigeria Appoints Adenike Ogunlesi as Independent Non-Executive Director
Appointments2 months ago

President Tinubu Appoints Ogunjimi as Accountant General of the Federation
Tinubu Appoints Abba Aliyu Rural Managing Director of Electrification Agency
Appointments3 months ago

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Africa Prudential Appoints Oluwaseyi Abe, Chidi Okpala to Board of Directors
Appointments3 months ago

Africa Prudential Appoints Oluwaseyi Abe, Chidi Okpala to Board of Directors
Eterna Olumide Adeosun
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Eterna Plc Appoints Olumide Adeosun as Managing Director
Kingsley Ifeanyi Adonu
Appointments4 months ago

Kingsley Ifeanyi Adonu Bags MTN Nigeria Partners Award 2024
Henrietta Ugboh
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UBA Appoints Henrietta Ugboh Independent Non-executive Director
Equinix Wole Abu
Appointments6 months ago

Equinix Appoints Wole Abu as MD for West Africa as Funke Opeke Steps Down
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Energy

Nigeria needs $410bn as REA backs local solar firm
Energy2 weeks ago

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The Rural Electrification Agency (REA) has partnered with LPV Technologies to strengthen Nigeria’s renewable energy sector and curb capital flight....
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NNPC Board
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Group Asks Tinubu To Remove Member of New NNPC Board, Explains Why
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We Have Over N600bn Worth of Petrol in Store ― Dangote
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FG Bans Fuel Tankers from Roads
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BREAKING: FG Bans Fuel Tankers from Roads
Tinubu Appoints Abba Aliyu Rural Managing Director of Electrification Agency
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Showbiz

Dutch Authorities Fine Netflix €4.75M for Data Breach 
General5 months ago

Dutch Authorities Fine Netflix €4.75M for Data Breach 

Dutch authorities have imposed a €4.75 million ($4.98 million) fine on  Netflix for failing to adequately inform subscribers about how their personal...
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Showbiz5 months ago

Femi Adebayo’s Seven Doors Premiere Set To Dazzle At Imax Lekki On December 11th
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Netflix Inflates Subscription Price by 40%
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TECNO Takes Centre Stage at ‘Water and Garri’ Movie Premier
Nigerian Artists Reap N25bn In Spotify Streaming Royalties In 2023
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EU Slams Apples $1.95 Billion Antitrust Fine
Showbiz1 year ago

EU Slams Apple with $1.95 Billion Antitrust Fine
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Spotify’s Afrobeats Journey to a Billion Streams Site gets Fresh Updates 
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Burna Boy Leads as top streamed African artist in Sub Saharan Africa
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Sports

News7 months ago

Nigerian-born Bodybuilder Samson Dauda Wins 2024 Mr Olympia, Takes Home $600k Prize
PalmPay Champions Responsible Gaming to Curb Fraud Among Sports Pundits in Nigeria PalmPay Champions Responsible Gaming to Curb Fraud Among Sports Pundits in Nigeria
Sports1 year ago

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Unity in Victory: TECNO's Bold Move Amplifies Community Spirit at AFCON Showdown In a bold move to immerse Nigerian football enthusiasts in the AFCON semi-final clash between the Super Eagles of Nigeria and the Bafana Bafana boys of South Africa, TECNO turned Ojo Square in Yaba into a vibrant arena of football enthusiasm. The crowd, buzzing with energy, witnessed not just a game but a dynamic spectacle where TECNO's commitment to community engagement took centre stage. As the Super Eagles dazzled on the field, the atmosphere crackled with anticipation, and TECNO seized the moment, transforming the viewing party into a carnival of surprises. Amidst spirited games, cheers, and jubilation, the crowd celebrated each goal as TECNO elevated the experience with unexpected thrills. The climax came with Nigeria's victory, celebrated in a crescendo of unity as Mr Real dazzled with his tune, Legbegbe. Amidst the jubilation, Jason Akpanema emerged as the fortunate winner of the TECNO SPARK 20 device by correctly predicting the match's outcome, igniting a new wave of applause. The TECNO SPARK 20 Viewing Party wasn't just about football; it was a testament to TECNO's bold approach to community engagement, turning moments into memories that resonate far beyond the pitch. It was a swell time, and these pictures only give a sneak peek into what was happening at the TECNO SPARK 20 Viewing Party. Unity in Victory: TECNO's Bold Move Amplifies Community Spirit at AFCON Showdown In a bold move to immerse Nigerian football enthusiasts in the AFCON semi-final clash between the Super Eagles of Nigeria and the Bafana Bafana boys of South Africa, TECNO turned Ojo Square in Yaba into a vibrant arena of football enthusiasm. The crowd, buzzing with energy, witnessed not just a game but a dynamic spectacle where TECNO's commitment to community engagement took centre stage. As the Super Eagles dazzled on the field, the atmosphere crackled with anticipation, and TECNO seized the moment, transforming the viewing party into a carnival of surprises. Amidst spirited games, cheers, and jubilation, the crowd celebrated each goal as TECNO elevated the experience with unexpected thrills. The climax came with Nigeria's victory, celebrated in a crescendo of unity as Mr Real dazzled with his tune, Legbegbe. Amidst the jubilation, Jason Akpanema emerged as the fortunate winner of the TECNO SPARK 20 device by correctly predicting the match's outcome, igniting a new wave of applause. The TECNO SPARK 20 Viewing Party wasn't just about football; it was a testament to TECNO's bold approach to community engagement, turning moments into memories that resonate far beyond the pitch. It was a swell time, and these pictures only give a sneak peek into what was happening at the TECNO SPARK 20 Viewing Party.
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