Disruption to internet services for millions of users in Africa could take weeks or even months to fix, following damage to undersea cables off the continent’s west coast. Eight West African countries were suffering a second day of major connectivity issues on Friday with users in South Africa also affected, after damage to four sub-sea cables. The cause of the cable cutting was still not known, though a shifting of the seabed was among the likely possibilities. “Repairs can take weeks to months, depending on where the damage is, what needs to be repaired, and local weather conditions,” said a…

Consumer prices remain high in Nigeria, as the February Consumer Price Index (CPI) reading otherwise known as inflation, released yesterday by the National Bureau of Statistics (NBS) indicated that headline inflation scaled by 1.8 percentage points (ppts) to 31.7%, the highest level since April 1996. The inflation rate, which was a negative surprise to analysts, outpaced the Bloomberg consensus estimate of 31.3% and the 31.1% projection of analysts at CardinalStone Finance, a Lagos based investment house.The unabated inflation pressure indicates that Nigeria remains within the top 10 countries with the highest inflation reading in Africa. Most inflationary pressure in Nigeria…

Banks in Nigeria have been affected by a damage to submarine cables, causing internet outages in parts of Africa. The submarine cable cuts, on Thursday, affected subsea cable providers and disrupted internet traffic in major parts of the continent. According to reports, the damage affected major undersea cables near Abidjan in Côte d’Ivoire, affecting submarine communications cables, including West Africa Cable System (WACS), the Africa Coast to Europe (ACE), MainOne, and SAT3. The issue is said to be causing downtime across West and South African countries, affecting telecommunications network as well as banks in Nigeria. In a notice to customers…

Mohood Lekan Balogun, Alli Okunmade II, the Olubadan of Ibadanland, is dead. The monarch, who ascended the throne of his ancestors two years ago, died at the University College Hospital (UCH), Ibadan, Oyo State, on Thursday. Governor Seyi Makinde of Oyo state who announced the king’s death in a statement Thursday night, described Balogun as an epitome of royal excellence and a great achiever, who made great marks on Ibadanland in just a little over two years of his reign. He expressed his condolences to the Olubadan-in-Council, the Oyo State Traditional Council and the people of Ibadanland and Oyo State,…