Bolu Abiodun

Patricia to temporarily suspend withdrawals after security breach

Gift card and crypto trading platform, Patricia has announced that it was a victim of a security breach that compromised its bitcoin and naira assets.

Bolu Abiodun

3 days ago

Finance

Salaries and school fees to be paid with eNaria as CBN scrambles for adoption

According to International Monetary Fund, eNaira adoption is "disappointingly low." It says, however, that its's too early to judge Africa's first CBDC.

Bolu Abiodun

4 days ago

Finance

Why CBN revoked over 100 microfinance banks' licences

The Central Bank of Nigeria (CBN) has revoked the licence of over 100 microfinance banks for reasons related to not operating according to the guidelines of which their licences were issued.

Bolu Abiodun

5 days ago

Startups

Low Carbon Economy Fund for Africa hits first close at $48m

E3 Capital and Lion's Head have hit $48 million in the first close of their E3 Low Carbon Economy Fund for Africa (E3LCEF).

Bolu Abiodun

6 days ago

Artificial Intelligence

Sam Altman, CEO of OpenAI —creators of ChatGPT— visits Lagos, Nigeria

Sam Altman was at an exclusive OpenAI event in Lagos, Nigeria, on Friday. The event had several tech executives, investors, and founders in attendance. Some sources shared the reasons for OpenAI's visit

Bolu Abiodun

1 week ago

News

This 6-month-old startup has raised $2m to aggregate environmental data on Africa

Amini is a clean tech startup that wants to make data on Africa's environment accessible, and at six moths old, its gotten a $2 million backing.

Bolu Abiodun

2 weeks ago

Artificial Intelligence

You will soon be able to train your iPhone to sound like you. Is Apple subtly entering the AI race?

Google and OpenAI have dominated the AI race, but Apple might be subtly joining the race. The tech giant just previewed a bundle of AI features that suggest an unusual AI strategy.

Bolu Abiodun

2 weeks ago

Startups

How Nestcoin survived the FTX crash and pivoted to Onboard

Nestcoin wanted to build and invest in crypto startups that would offer Africans financial freedom, but after a significant part of its $6.45 million investment was caught in the FTX crash, it is changing focus.

Bolu Abiodun

2 weeks ago

Cryptocurrency

Despite the crypto winter, Nigeria ranks 5th among countries leading the meme coin craze

According to crypto tracking platform, CoinGecko, Nigeria is the fifth country out of 10 countries leading the meme coin craze. But are meme coins investment worthy?

Bolu Abiodun

2 weeks ago

News

M-KOPA raises $250 million in equity and debt, following a $75 million raise last year

African fintech company, M-KOPA has raised $250 million in a debt and equity funding round to expand its financial services. The funding, which was made up of debt and equity, had lenders and investors such as Standard Bank Group and Sumitomo Corporation in participatio...

Bolu Abiodun

2 weeks ago

Social Media

Nigerians could reportedly pay up to ₦100k to get approval for social media ads

The Advertising Regulatory Council of Nigeria (ARCON) has released vetting rates for ads on social media. The Council will charge between ₦7,500 and ₦100,000 to vet the social media ads before it goes live. This is coming after ARCON said in 2022 that advertisers wi...

Bolu Abiodun

3 weeks ago

News

M-Pesa's 52.4 million customers set to increase as Safaricom gets licence to launch its mobile money service in Ethiopia

Safaricom has gotten a mobile money licence in Ethiopia after seven months since launching in the country. It is expected to roll out M-Pesa before the year ends.

Bolu Abiodun

3 weeks ago

Cryptocurrency

3 African countries that tax crypto and how they do it

Several African countries have made attempts at taxing cryptocurrencies. Kenya is the latest African country to announce its plan to tax cryptocurrencies. Here is a list of African countries that are either planning to or are already taxing cryptocurrencies.

Bolu Abiodun

3 weeks ago

Fintech

This Nigerian startup is making it possible to send giveaway funds straight to Twitter DMs; here's how it works

Cross-border payments in Africa are a hassle but what if it could be as simple as sending a Twitter DM? Here's how Chimoney is doing this.

Bolu Abiodun

3 weeks ago

Finance

Zimbabwe's gold-backed digital currency explained

Zimbabwe has launched its gold-backed digital currency. It has also announced how the currency will be valued and distributed. We explain how a gold-backed currency works, and how Zimbabwe plans to use it to control inflation.

Bolu Abiodun

3 weeks ago

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