Visa is reportedly about to acquire a 20% stake in Interswitch for $200m, effectively making it Nigeria’s first unicorn; i.e. a privately-held company valued at $1 billion or more.…
News
“Not enough Nigerians are on Twitter” — Jack Dorsey, Twitter CEO
A lot of Nigerians use Twitter to start social movements, rant and share their thoughts. But Twitter CEO Jack Dorsey feels that there are not enough Nigerians on the platform. Here’s why…
Lori Systems raises sizeable Series A round, led by Chinese investors
After officially expanding to Nigeria, Lori Systems, the Pan-African logistics startup, has raised $30 million in series A led by Chinese investors Crystal Stream Capital and Hillhouse Capital Group…
Nigeria’s minister of Communications and Digital Economy orders NIPOST to temporarily go cashless
Nigeria’s communications minister has suspended the use of cash for NIPOST transactions, which could possibly curb corruption or complicate the agency’s transactions.…
Twitter co-founder and CEO, Jack Dorsey, is in Nigeria
Jack Dorsey, CEO of Twitter and mobile payments company, Square arrived in Nigeria on Thursday.…
OPay transaction fee hike is aimed at keeping users within its ecosystem
OPay recently reviewed the transfer bank charges fee on its platform. The implication is that users no longer have the luxury of paying ₦10 for bank transfers on the platform. But the payment platform…
In Nigeria, Google officially launches Maps feature for informal transit in Lagos
Following an initial announcement, Google has officially launched a ‘danfo’ and informal transit feature for its maps.…
Airtel is winning the battle for supremacy in Nigeria’s internet market
In the month of September, Airtel maintained its push for the top, MTN slightly bounced back from its loss of Internet subscribers, Glo faced a surprising downtrend but it was business as usual for 9m…
In the throes of regulatory uphill battles, will Nigerian motorcycle-on-demand startups survive Lagos?
ORide riders in Lagos State are being extorted by transport unions. But they are not alone, as this poses a problem for other motorcycle-on-demand startups in the state…
Here’s how MTN Nigeria’s new music streaming platform MusicTime! compares to its old Music+
Despite already having a music streaming platform, MTN Nigeria launches MusicTime!, a new streaming service that allows users to stream and listen to both local and international music. Here are some …
Uganda forces telecoms to list on securities exchange; this may be good for the economy
The Ugandan government and its telecoms regulator hope forcing companies in the market to list in the country’s securities exchange will benefit Ugandans by providing more affordable internet se…
Interswitch enters the health-tech scene as it acquires eClat Healthcare
Digital payment giant, Interswitch Group has acquired Nigeria and Swaziland-based eClat Healthcare, providing customers access to healthcare across different interaction points beyond hospitals…
How Truecaller might have cost this Nigerian user over $13,000
In what might be confirming privacy issues earlier raised by Nigeria’s regulatory agency NITDA, the price of using Truecaller appears to outweigh the benefits it offers users.…
Social Media Roundup: Existing while female in Abuja
This week on social media; the woman behind the unlawful #AbujaRaid, EFCC uncovers shocking details about Mompha and more stories…
Kobo360 is planning an expansion into North Africa, Asia and the Middle East
Following a recent East Africa expansion and a mandate to enter 10 new African countries by the end of 2020, Kobo360 now eyes the global market, particularly Latin America, South Asia and the Middle E…
Jason Njoku is taking iROKOtv public
iROKOtv, one of the leading online movie streaming platforms in Africa has commenced its initial public offering process.…
These websites expose private CAC details of company directors, shareholders
Usually confidential information on company incorporation, like the names and contact details, of shareholders and directors by the Corporate Affairs Commission (CAC) are being published on websites i…
Report: Nigerian startups raised $38.01m in Q3 2019, just 7% higher than Q3 2018
According to the Nigerian Startup Funding Report for Q3 2019, local startups raised more funds than they did in Q2 2019 as well as Q3 2018. Find out more…
Introducing Techpoint Startup School, Enrol Now!!!
Between the 2nd and 6th of December, Techpoint will run the first edition of its startup school, a platform to educate business owners from Nigeria and Africa on how to build scalable businesses…
Formerly BitPesa, African currency trading solution startup AZA, raises $15m funding
African currency trading solutions platform, AZA has raised $15 million from the Development Bank of Southern Africa (DBSA), and has also undergone a rebranding of its products and services. …