In line with its plans for economic diversification, Nigeria’s federal government has announced a fund to support young innovators running startups MSMEs in the country, but will it see the light of d…
JumiaPay hits $135 million as losses continue to soar: Highlights from Jumia’s 2019 financial report
Africa’s largest eCommerce platform, Jumia, has announced its financial results for Q4 2019 and full year 2019, where it reported a loss of 61.1 million, accompanied by encouraging numbers on its e-pa…
NCC approves 1,492 phone brands, models for purchase and use in Nigeria
To stem the rise of fake products, the Nigerian Communications Commission has approved different mobile phone brands and models for use in the country, and users are urged to verify before any purchas…
Social media and African politics: Making sense of Ethiopia’s hate speech law among others
Months before its general election, Ethiopia has passed a law severely punishing hate speech and disinformation. We take a look at the impact of social media on Africa’s democracy and how its benefits…
GIG Logistics looking to partner ORide, others, on deliveries: What this means for the logistics sector in Lagos
With the Lagos okada ban came Gokada’s pivot to deliveries, and according to new information, GIGL is in talks to partner ORide, others, as ride-hailing platforms look to exploit another loophole in t…
Sandboxes, open banking, and the impact on financial inclusion in Nigeria
Recent moves, such as open banking and sandbox initiatives, have been made to improve financial innovation in Nigeria. Based on recent studies, could they really be the answer to deepening financial i…
Focus on Africa’s remittance market appears to be increasing with Ecobank and Alipay partnership
In keeping with an increasing focus on Africa’s remittance market by financial players, Ecobank partners with Alipay in a move that could take the reach of its remittance platform to about 1.2 billion…
Now that the Nigerian government can tax the likes of Google and Facebook, what’s next?
The Finance Act, signed in January 2020, gives the FG the right to tax digital companies like Google, Facebook, or Amazon, but will it be anything beyond pen on paper?…
The legal loophole that could save ride-hailing platforms — MAX, Gokada, ORide, and keke in Lagos
In a chat with Techpoint, tech lawyer and policy consultant, Timi Olagunju reveals the consequences of Lagos’ okada ban and a legal loophole that could reverse it.…
Dot-com domains of several African states and Ivory Coast's First Lady have been hijacked, the lessons to learn
Using a case study of a certain individual who registered top-level .com domain names of several African states and one of her First Ladies, we explore the legal dimensions of cybersquatting and how a…
Lagos Okada Ban: A policy expert walks us through some burning questions
As Lagos begins to feel the ripple effects of the okada and tricycle ban, Kayode Adegbola, founder and Lead Advisor of Golborne Road Advisory, addresses issues of the ban’s legality, and what could be…
Interswitch lists ₦23 billion bonds on the NSE: what’s next for Nigeria’s first unicorn?
On the back of plans to officially list on the NSE and the LSE, Nigeria’s pioneering fintech company, Interswitch limited, looks to enter a new stage in its growth, with the issue of a ₦23 billi…
NCC sanctions Airtel, Glo and 9mobile with ₦2.7 billion fine
Nigeria’s telecom regulator, NCC has once more placed sanctions on major telcos in Nigeria for various infractions and coupled with its earlier fines, Nigerian telcos have been fined up to ₦2.9 billio…
‘Detty’ December: Glo, MTN, and Airtel gain 3.2 million Internet subscribers to mark festive period
After a surprisingly heavy loss in November, Glo made a humongous comeback during the festive season, and with equally large gains from MTN and Airtel, Nigeria gained more Internet subscribers in 2019…
Why the Nigerian tech ecosystem needs to take intellectual property rights more seriously
Recent findings have shown, that the laws protecting innovations in Nigeria are either weak, or borderline non-existent, and Nigeria’s tech ecosystem may continue punching below its weight if they are…
Ecobank launches a Pan-African banking sandbox that will feature Flutterwave, Africa’s Talking, and other fintechs
Ecobank Group has quietly launched a pan African banking sandbox, giving partners and fintechs in 33 countries, access to its APIs to develop innovative financial solutions across the continent.…
Lagos to enforce ban on Gokada, MAX, ORide, others from highways, starting February 2020
Following weeks of speculation and months of tussles between ride-hailing platforms and regulatory authorities, the Lagos State Government has officially banned all forms of motorcycles in major parts…
E-payment channels hit $290 billion in 2019 as Nigeria’s cashless population significantly increases
According to the latest data from NIBSS, a massive increase in the use of various e-payment channels occurred in 2019, much higher than previous records. Based on current policies, the numbers may be …
In the battle between banks and fintechs, the customer is the only true winner
With reduced interest rates eclipsing those offered by fintechs in the moneylending space, commercial banks may be creating fresh competition that could give Nigerians a taste of what has been missing…
Jumia Group appoints Massimiliano Spalazzi as Jumia Nigeria CEO
In keeping with recent structural changes in Africa’s largest e-commerce company, Jumia Group appoints a new CEO, Massimiliano Spalazzi for Jumia Nigeria, as former CEO Juliet Anammah assumes a …