According to a recent survey, several Nigerian companies are still plagued by cyberattacks. While this is not a new trend, as businesses move online during the pandemic, it could get much worse if lef…
Gokada CEO, Fahim Saleh, passes on
Gokada founder and CEO, Fahim Saleh has passed on. He will be remembered for his impact on the Lagos ride-hailing scene and the Nigerian tech ecosystem in general.…
TradeDepot raises $10m pre-Series B funding for expansion and new financial products
Nigerian B2B eCommerce startup has raised $10m in pre-Series B funding. This comes after its $3m Series A in 2018. The new funding will allow it expand to other African countries and also offer financ…
Online transactions in Nigeria dropped by $10 billion during the lockdown
Though several Nigerians seemingly adopted online platforms during the lockdown, the volume of financial transactions dropped. Numbers seem to be recovering, but businesses may soon need to be wary of…
Nigeria hit 2.5 million new Internet subscriptions during the lockdown
Nigeria’s Internet subscribers during the lockdown in April and the partial lockdown in May rose to 4.9 million. According to data, Glo is leading the pack with over 60% of the lockdown’s Intern…
Safaricom’s financials show how much stake it owns in the new M-Pesa venture
When Safaricom and Vodacom acquired M-Pesa from UK telecoms operator, Vodafone, details of their stakes and acquisition costs were still unclear. But we can tell from their financials.…