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Madica has invested $600,000 in funding to three African startups, while also unveiling a new fundraising guide aimed at helping early-stage founders navigate pre-seed capital.
Paga has appointed a new acting CEO for its Nigeria business as founder Tayo Oviosu steps back after 17 years. The move signals a shift toward global expansion, AI, and cross-border payments.
Flutterwave has secured a microfinance bank licence from the CBN, allowing it to offer deposits, lending, and more, a move that deepens its role in Nigeria’s financial system.
The CBN has launched a pilot programme to help fintechs like Flutterwave and Paystack strengthen AML/CFT/CPF frameworks, including FATF Recommendations 15 and 16 for virtual asset compliance.
Cascador is accepting applications for its 2026 ScaleUp Programme, offering growth-stage Nigerian founders tailored support, mentorship, and access to alternative funding options beyond venture capital.
Novastar closes its $147 million third fund with backing from Japanese and global investors, doubling down on climate-focused startups and expanding its reach beyond East and West Africa.
Nigeria has awarded ₦2.25 billion in equity-free grants to student startups, a move aimed at boosting early-stage innovation as venture funding declines and investor caution reshapes the ecosystem.
The NCC now requires telecom operators to compensate subscribers for poor service using airtime credits.
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.
