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Moniepoint has entered Kenya by acquiring a majority stake in Sumac Microfinance Bank after years of failed attempts and days after the acquisition of Orda in Nigeria.
30% of Nigerians earn below ₦100,000; majority unsure income covers monthly costs — PiggyVest report
A new PiggyVest report shows 30% of Nigerians earn under ₦100,000 monthly, while rising inflation and weak purchasing power leave most unsure their income can cover basic living costs.
Ayoba, MTN’s super app, is being gradually phased out as part of a broader strategy to simplify its digital services and build a single platform that combines connectivity, content, and everyday digital tools in one place.
Moniepoint’s acquisition of Orda signals a deeper push into restaurant operations, embedding payments into daily workflows and setting up stronger competition with Chowdeck in Nigeria’s growing food tech space.
Canal+ is planning job cuts at MultiChoice as part of a turnaround strategy, signalling a shift towards cost efficiency as the pay-TV giant battles subscriber losses and rising competition.
Terra Industries’ ground vehicles will soon carry machine guns. The move is part of a classified project with the Nigerian military as the startup pushes deeper into defence technology.
Nigeria’s iDICE programme has launched Startup Bridge to support early-stage founders, following its investment in Ventures Platform’s $64 million fund.
Nigeria may soon introduce age restrictions and stronger identity verification for social media users as the Federal Government explores ways to better protect children online.
Google has added Yorùbá and Hausa language support to its AI-powered Search features in Nigeria, allowing users to access AI Overviews and AI Mode in their native languages.
MultiChoice plans to shut down Showmax after years of heavy losses, ending one of Africa’s biggest attempts to build a local streaming service.
Rank has appointed former Anchoria MD, Lucky Djebah, as Executive Director, Investment, to lead the expansion of Rank Capital into wealth management and investment banking.
CcHUB has opened applications for the fourth cohort of its edtech fellowship, offering 12 Nigerian startups $100,000 in equity-free funding and a year-long incubation programme.
A 74.5% jump in data revenue pushed MTN Nigeria’s 2025 revenue to ₦5.2 trillion. The telco returned to ₦1.1 trillion profit, resumed dividends, and reinforced its financial position amid improved macro conditions.
NoOnes has confirmed that Ray Youssef is no longer its CEO, marking another twist in the former Paxful chief’s turbulent crypto journey. The leadership shake-up comes years after Paxful’s controversial shutdown amid regulatory and governance concerns.
Nigeria’s DICON has signed a joint venture with Terra Industries to boost local defence production, marking a major step in Nigeria’s push for sovereign military capability.
Gigalayer has acquired Nigerian domain registrar Registeram in an all-cash deal, deepening its infrastructure play.
Nigeria’s communications ministry will assess MTN’s $6.2 billion plan to fully acquire IHS Towers, citing concerns over competition, infrastructure control and the broader impact on the telecom sector.
MTN Group proposes a $6.2 billion buy-out of IHS Towers, which will give the telecom company 100% of IHS”s shares.
Anthropic has signed a three-year deal with Rwanda to deploy AI against malaria and cervical cancer. The partnership could signal a new wave of AI collaborations between African governments and global tech firms.
Nigeria’s NDPC has launched an investigation into eCommerce giant Temu over alleged data privacy violations.
