Amidst ongoing debates about whether or not fintechs are a threat to the Nigerian banking industry, a non-for-profit organisation is working on the Open Banking initiative, in a move that will favour …
With its new pick-up feature, GIGM continues unrelenting drive to reinvent road transportation in Africa
How GIGM is offering convenience to passengers with its new pick up feature targeted at light travellers.…
CcHUB Growth Capital has put money in 4 startups so far, more to come
CcHUB founder and CEO, Bosun Tijani confirmed to Techpoint that the CcHUB Growth Capital fund has investment in four startups. He also revealed plans to increase the capacity of the fund and ticket si…
Lagos 2019: What could a change in government mean for local startups?
As Akinwunmi Ambode prepares to step down as Lagos state governor in 2019, we overview some of his administration’s startup-focused initiatives and their chances of continuity.…
Why Payment Service Banks might not impact Nigeria’s financial inclusion drive
Earlier in the month, the Central Bank of Nigeria proposed the creation of a new set of financial institutions, called Payment Service Banks, in a bid to enhance access to financial services for low i…
“Tough regulations are necessary to keep businesses accountable” — Michael Kent, Azimo CEO
Azimo founder and CEO, Michael Kent talks about the company’s partnership with Interswitch as well as his thoughts on the role of regulation for businesses.…
Report: Nigerian startups raised $35.5 million in Q3 2018, 52% less than Q2
The third instalment of the quarterly report of funding in the Nigerian Internet space sees companies raising at total of $35.5 million, which is less than what we saw in the second quarter.…
What’s happening with the CcHUB’s ₦1 billion Growth Capital fund?
In January 2016, the CcHUB Growth Capital fund (GC fund) launched with the goal of raising ₦1 billion ($2.75m) within 24 months. The timeline having elapsed this January, the fund has only garnered ₦2…
Getting small collateral-free loans in Nigeria may eventually become an unbearable experience
Unnecessarily complex registration procedures may soon make it difficult for Nigerians to access collateral-free loans from online money lenders.…
The trouble is not yet over for Omatek Ventures
Despite getting a lifeline by way of a recent dismissal of the court case that the Bank of Industry instigated against Omatek, there’s still impending trouble for the original equipment manufact…
Why Payporte recently switched to a fashion-only model
Payporte CEO, Eyo Bassey talks about the company’s new business model while also commenting on the Nigerian eCommerce space…
“Technology can’t induce financial inclusion, it can only mimic our decisions” — Sola Fanawopo, fintech expert
The way forward for the financial inclusion drive in Nigeria according to fintech expert, Sola Fanawopo…
Despite owing BOI ₦5.9b, troubled Omatek recently got a lifeline that could help it bounce back
In 2017, shortly after the passing on of founder, Florence Seriki, Omatek Ventures had its factory shut down by court order. It turns out it defaulted on a billion-naira loan in took from the Bank of …
Where is Nigeria’s science and technology museum?
Despite budgetary allocations totalling ₦415,390,255 over 3 years for a science and technology museum in Nigeria, there seems to be no progress so far.…
Can Lagos deliver on it promise of free-WiFi at bus terminals and public schools?
A look at the status of the free WiFi service at the Ndubusi Kanu Park in consideration of the proposed one for bus terminals and public schools in Lagos State.…
FG allocated over ₦1.45b to Nigeria Air with barely anything to show for it
Looking back at budgetary allocations since 2016, it is apparent that the Federal Government of Nigeria was not ready for a national carrier when the name and logo of Nigeria Air were unveiled.…
Computer Village president affirms the market’s stance on impending relocation
The market leader of Computer Village talks about the proposed relocation by the Lagos State Government and what the future holds for the market…
What Alipay’s move to Africa could mean for African fintech startups
Arguably one of the biggest online and mobile payment platforms in the world, Chinese-based Alipay recently revealed plans to expand into Africa. Here are the possible effects the move could have on l…
2 years after, the Ooni of Ife’s proposed $1.4 billion incubation hub is yet to kick off
2 years after it was announced, there are strong indications that the proposed $1.4 billion incubation hub in Ile-Ife, Osun, Nigeria will never be actualised.…
4 Nigerian tech companies on the NSE currently trading below their IPO listing price
Majority of ICT companies listed on the Nigerian Stock Exchange are recording losses with their shares trading below their IPO listing prices.…