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| Aug 24, 2026 | Nigeria Clears $2B Satellite Pair Built by Thales and IAI to Beat 2028 Capacity Cliff | By Donald C. Case
Published: Aug 24 2026, 10:51 AM EDT
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| Jul 19, 2026 | Мобильный интернет быстрее, чем в Европе, но сотовые операторы работают на дизеле — факты об африканском 5G | На первый взгляд может показаться, что «5G в Африке три раза быстрее, чем в Британии» — это что-то из комиксов про Ваканду. А понятия «надежное соединение» и «Сомали» вообще не могут соседствовать в одном предложении. Тем не менее, африканс... |
| Apr 21, 2026 | Nigeria: Aaj Express Unveils New Digital Platforms to Mark Anniversary | AAJ Express Limited, a logistics firm in Nigeria, has marked its seventh anniversary with the launch of three digital platforms- AAJ Send, DriveForce, and TransportPro- aimed at linking shippers, drivers, and logistics operators across Nige... |
| Mar 16, 2026 | Nigeria: Tinubu Supports Nigerian Media's Push for Fair Revenue From Big Tech, Promises Tariff Relief | President Bola Ahmed Tinubu has said his government will support the evidence-led campaign of the Nigerian media against Big Tech dominance, anti-competitive activities, and the harsh economic headwinds affecting local media.
He described t... |
| Oct 3, 2025 | Secure your phone: Easy steps to lock a SIM card on Android and iPhone | In an era where your mobile phone number is the key to your digital life, including bank accounts and social media verification, securing your SIM card is a cybersecurity imperative.
The rise of sophisticated scams, particularly SIM swappin... |
| Oct 3, 2025 | 7 African startups transforming learning, labour, lifestyles, and local trade | 7 African startups reinventing healthcare, employee management, e-commerce, and education
Startups On Our Radar spotlights African startups solving African challenges with innovation. In our previous edition, we featured seven game-changing... |
| Jul 16, 2025 | Why Forward-Thinking Companies Are Turning to Corpoladder for Upskilling | Share
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As business conditions evolve faster than ever, forward-thinking companies are asking how to equip their people to lead, adapt, and succeed without over-relying on external hiring.
A recent BusinessDay survey o... |
| Jun 13, 2025 | Nigerians are turning their backs on streaming platforms for “YouTube movies” | Not long ago, giant video streaming platforms like Netflix and Amazon Prime Video were hailed as the future of television in Nigeria. They offered an escape from the limitations of cable television and promised premium on-demand content. Bu... |
| Jun 5, 2025 | No Nigerian YouTuber can replicate MrBeast’s success. Here’s why | With 400 million subscribers, American YouTuber Jimmy Donaldson, popularly known as MrBeast, is the highest-paid in the world. His YouTube channel, built on viral stunts and hair-raising challenge videos, has turned millions of views into a... |
| Jun 5, 2025 | Green Flare turns Nigeria’s waste gas into crypto mining power in $1 billion opportunity | In Nigeria’s oil-rich Delta region, a new startup is turning a decades-old environmental problem into a digital opportunity. Green Flare Holdings, a climate-tech infrastructure company, will convert flares—gas emissions from oil fields usua... |
| Jun 1, 2025 | The Rise of Itel: Affordable Innovation in Nigeria's Smartphone Market | In the bustling streets of Nigeria, smartphones are more than just communication tools; they are lifelines. Among the myriad of brands, Itel stands tall, carving a niche with its affordable yet feature-rich devices. As we dive into 2025, It... |
| May 29, 2025 | The best Itel phone in Nigeria for 2025: Specs, & reviews | If you live in Nigeria, chances are you’ve either used an Itel phone or know someone who does. That’s not a coincidence; Itel has become one of the most popular smartphone brands in the country because of its affordable prices. Itel, along ... |
| May 22, 2025 | Nigeria: Why Meta Is in Trouble in Nigeria and What This Means for Facebook, Instagram and WhatsApp Users | Meta, the parent company of Facebook, Instagram and WhatsApp, was recently hit with three fines totalling more than US$290 million in Nigeria. The fines were imposed by Nigeria's Federal Competition and Consumer Protection Commission, Niger... |
| Mar 29, 2025 | Laerryblue Media Unveils Pressdia for Strategic Press Distribution | In a bold move that reshapes how African stories are told, Laerryblue Media has officially launched Pressdia By Laerryblue Media, a press release distribution platform built to give African brands the exposure they deserve both at home and ... |
| Mar 20, 2025 | Mysten Labs co-founder launches $1.3 million fund to train African software engineers | Adeniyi Abiodun, co-founder of blockchain infrastructure firm Mysten Labs, and his wife, Gloria Abiodun, have launched a $1.3 million endowment fund to train African software engineers, addressing a critical talent shortage in the region’s ... |
| Mar 18, 2025 | How Financial Priorities Shift From Boomers to Gen Z Each generation approaches investing with distinct strategies shaped by their economic experiences and life stages. | When it comes to investing, different generations take distinct approaches to managing their money. Gen Z and millennials typically embrace newer investment strategies compared to older generations. These varying approaches stem from each g... |
| Mar 15, 2025 | The Clock is Ticking: AI's Struggle with Time and the Financial Future of Nigeria | In the world of artificial intelligence, the race is on. AI models are becoming adept at complex tasks. They can write essays, generate art, and even code. Yet, a recent study from the University of Edinburgh reveals a glaring shortcoming: ... |
| Mar 13, 2025 | FairMoney provides Nigerians with different savings options and interest rates of up to 30% | Muyideen, a medical student at Olabisi Onabanjo University, Ogun State, saves at least 20% of his monthly allowance. As the youngest child, he gets extra money from his elder siblings and extended family members, leaving him with excess cas... |
| Feb 26, 2025 | Nigeria has been courting Flutterwave to list on the NGX since 2023. Can it afford the fintech? | Nigeria has been lobbying Flutterwave, its most valuable startup, to list on the Nigerian Exchange (NGX) since 2023. The government believes a high-profile IPO could energise the country’s capital markets and attract other startups to follo... |
| Feb 13, 2025 | The Digital Revolution in School Payments: ParentSquare's Game-Changer | In the ever-evolving landscape of education technology, simplicity is the golden key. ParentSquare, a titan in digital family engagement, has unveiled a new feature that promises to transform how schools handle payments. Enter ParentSquare ... |
| Feb 12, 2025 | Fintechs rush for FX transactions will only benefit customers and startups with scale | Nigerian fintechs, drawn to the stability of dollar-based transactions, are increasingly building consumer-focused cross-border (FX) transaction products. While this collective push will benefit consumers through more options and a possible... |
| Dec 27, 2024 | The most popular payment methods on Nigeria 2024: Everyone does transfers | In 2024, Nigerians increasingly used bank transfers as digital payments continued their dominant run after a cash crunch in 2023.
While cash remains the dominant means of payment in the country, “Nigerians now prefer digital methods for mak... |
| Dec 6, 2024 | Nigeria's Creative Economy: Building Bridges Through Performance Arenas | Nigeria stands at a crossroads. The vibrant pulse of its creative economy beats louder than ever, yet it lacks the infrastructure to support its growth. The recent announcement by the Minister of Art, Culture, and Creative Economy, Hannatu ... |
| Dec 5, 2024 | 9mobile: A Telecom Phoenix Struggling to Rise from the Ashes | In the bustling world of telecommunications, 9mobile stands as a testament to both ambition and adversity. Once a beacon of hope in Nigeria's telecom landscape, the company has faced tumultuous times since its inception as Etisalat in 2008.... |
| Dec 3, 2024 | Exploring Africa's Cultural Diversity through Online Media | Africa is renowned for its remarkable cultural variety, with each region contributing its own customs, languages, and art forms. From north to south, east to west, African communities express themselves through a wide range of unique tradit... |
| Dec 2, 2024 | New owners, new hope? Inside 9mobile’s struggle to stay relevant | When Etisalat – now 9mobile – entered the Nigerian telecom market in 2008, the country’s 64 million total subscriber base was dominated by three operators: MTN Nigeria, Zain Nigeria (now Airtel), and Globacom. Despite the fierce competition... |
| Nov 26, 2024 | The Battle Against Counterfeits: Protecting Your Brand in the Digital Age | In the vast landscape of eCommerce, counterfeit goods lurk like shadows, threatening to undermine the hard work of legitimate businesses. The rise of online shopping has been meteoric, with global retail eCommerce sales projected to surpass... |
| Nov 21, 2024 | Beauty Butler launches beauty booking app to simplify self-care for Nigerians | Imagine a world where pampering yourself is as easy as ordering a latte. You don’t have to scroll through endless social media posts or make countless phone calls to find the perfect hairstylist. Beauty Butler, an on-demand beauty and welln... |
| Sep 30, 2024 | Aruwa Capital Digest – September 2024 | Aruwa Capital Digest
A summary of the latest news across our ecosystem
Welcome to the third edition of the Aruwa Capital Digest! We’re excited to share the latest developments, highlights, and insights from Aruwa Capital in the month of Sep... |
| Sep 23, 2024 | Nigerian Taopheek Babayeju Becomes First African to be Named Person of the Year Award by PMI Global | Left to right: Pierre Le Manh – President & CEO, Project Management Institute, PMI, Taopheek Babayeju, CEO, Icentra and Award Recipient – PMI Person of the Year, LuAnn Piccard – Chair, Board of Directors, Project Management Institute, P... |
| Jul 16, 2024 | A profitable union: How banking agents helped OPay and Moniepoint distribute 17 million cards | Nigerian neobanks and banking agents need each other. The agents are the neobanks’ branches; they open accounts, accept deposits, process withdrawals, and issue cards. In return, the agents—who often have a primary business—earn extra incom... |
| Jul 10, 2024 | How Paysecure’s Innovative Payment Platform Combats Digital Fraud for Businesses and Merchants in Africa | The African financial landscape is undergoing a rapid digital transformation, driven by a surge in mobile phone usage, internet penetration, banking digitalization, and fintech innovation. According to the Global System for Mobile Communica... |
| Jun 26, 2024 | Nigeria: Satellite Giant Multichoice Has Not Cut Its Cable TV Subscription Prices in Nigeria As Claimed Online | Satellite giant MultiChoice has not cut its cable TV subscription prices in Nigeria as claimed online
IN SHORT: MultiChoice Nigeria has increased its subscription prices twice since December 2023. But claims that it reverted to the old subs... |
| May 22, 2024 | Nigerian Crypto Exchange, Jeroid Ltd Celebrates 7 Years of Operations | In a volatile industry that saw the crash of giant FTX and the woes of regional player Patricia, having seven years of operations under the belt is no small feat. But that is what the crypto exchange startup, Jeroid Ltd, has achieved this w... |
| May 14, 2024 | Sterling Bank Collaborates with AI in Nigeria to Launch Maiden Report on AI Adoption in Nigeria | Sterling Bank, in partnership with AI in Nigeria, unveils the ‘Nigeria AI Landscape and Startup Report,’ offering a comprehensive view of Nigeria’s AI ecosystem and startup scene.
The report underscores the pivotal role of AI in driving inn... |
| May 14, 2024 | What’s the more sustainable path to Africa’s AI participation? | During the closing ceremony of the National Artificial Intelligence Strategy Workshop in April, Nigeria’s minister of technology, Bosun Tijani, announced that the project has received $3.5 million in funding from interested partners. This A... |
| May 2, 2024 | What Multichoice’s latest price hike reveals about its consumers | “It’s been over six months since we stopped watching (DSTV). I would rather watch internet TV!” commented a frustrated Nigerian under a social post announcing Multichoice Nigeria’s second price hike in six months. Multichoice, the most popu... |
| Apr 4, 2024 | African financial institutions are increasingly using blockchain technology to facilitate payments | In the ever-evolving landscape of African financial technology, a notable shift is underway as regional financial institutions are increasingly leveraging blockchain technology to power innovative solutions. Africa, historically grappling w... |
| Mar 25, 2024 | Weekly Economic Index: Nigeria’s FX backlog clearance, Meta’s creators payouts, and Senegal’s elections | Here are the top three events from last week in Africa’s business and technology space that you might have missed. The CBN says it’s cleared FX backlogs
Nigeria’s naira recorded steep gains last week in official and parallel markets after a... |
| Mar 8, 2024 | How Huawei became Nigeria’s biggest telecoms vendor and enterprise business | When Huawei launched in Nigeria in 1999, two years before its telecommunications revolution, very few people could have predicted it would become the country’s biggest telecoms vendor and build one of the country’s biggest enterprise busine... |
| Mar 6, 2024 | Why MainOne’s internet submarine cable in Akwa Ibom comes with high expecations | Nigerian telecommunications company, MainOne has launched an Internet submarine cable in Akwa Ibom, Nigeria. The subsea cable, which is owned by 2Africa Consortium, led by Meta and managed by MainOne, is part of a greater plan to expand the... |
| Mar 4, 2024 | Weekly Economic Index: Nigeria probes Binance, MTN Nigeria’s ₦137 billion loss, and Uber’s $100 million on Moove | Here are three big stories from Africa’s business and policy landscape you (probably) didn’t miss but should keep in mind this week:
MTN Nigeria suffers ₦137 billion loss, as naira plunges
MTN Nigeria, the country’s largest telecoms operato... |
| Mar 1, 2024 | Paramount+ and MultiChoice deal is significant for several reasons | In the last few months, Multichoice, Africa’s largest pay TV operator, has made headlines for several significant developments. Late last year, the company experienced a substantial $1.7 billion drop in share price over six months. This was... |
| Feb 21, 2024 | African PE dealmaker scores: Cardinal Stone sells i-Fitness stake | Cardinal Stone Capital Advisers (CCA), a Nigerian private equity firm, has sold its stake in i-Fitness, Nigeria’s most prominent fitness and gym chain, to Verod Capital Management, a private equity firm. It represents a complete exit for Ca... |
| Feb 13, 2024 | Safest countries in Africa: Top 10 REVEALED | The 10 safest countries on the African continent revealed. Image: Pixabay
People often refer to Africa as the most poverty-stricken continent globally. Many countries in Africa are striving for development, while others are under the contro... |
| Feb 13, 2024 | How to solve the problem of financial inclusion in Nigeria | Co-founders of Ardilla. L-R: Oluwatamilore Kadiri and Onyinye Dallas
Ardilla Africa is a fintech company taking a hands-on approach to providing financial inclusion and freedom for Africans. The company merges technology with traditional fi... |
| Feb 9, 2024 | Africa has a stubborn credit problem. Here’s why. | You know the saying, “Money makes the world go round”? Replace “money” with credit, and it will be just as valid. The entire financial space relies on credit. While you read this, there’s a cash-strapped shopper somewhere in the world payin... |
| Feb 6, 2024 | 10 Reasons Why Investing in Quality Jewelry is a Smart Move | Share
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In the world of personal adornment, jewelry stands as an enduring symbol of elegance, status, and sentiment. Beyond its aesthetic appeal, quality jewelry holds intrinsic value and serves as a tangible investmen... |
| Jan 30, 2024 | Can Nigerians adapt to a plastic-free future? | “Bring your plates” was Chicken Republic’s cheeky response to Lagos state’s sudden ban on styrofoam and single-use plastics. The Nigerian fast-food franchise, known for its signature styrofoam packaging, welcomed the new development announc... |
| Jan 10, 2024 | The ₦1 Trillion club: Nigeria’s five biggest banks are now valued at ₦6.1 trillion | Nigeria’s five biggest banks—First Bank, Access Bank, UBA, Guaranty Trust Bank and Zenith Bank—have achieved a market capitalisation of at least N1 Trillion each on NGX, Nigeria’s stock exchange. All five banks are reaping the rewards of a ... |
| Jan 10, 2024 | How A Tribe Called Judah conquered Nollywood’s box office | On the 3rd of January 2024, Funke Akindele’s movie, A Tribe Called Judah, became the first ever Nollywood film to gross ₦1 billion in ticket sales 20 days after its release in cinemas. Released on 15 December 2023, the movie has one of the ... |
| Jan 2, 2024 | Five trends to watch out for in African tech in 2024 | With 2023 now behind us, we look back on a year marked by strong economic headwinds and market upheavals. A cursory look at funding numbers shows that 2023 was a mixed bag. Venture capital (VC) funding fell by 41.7%, quarter-on-quarter, goi... |
| Dec 26, 2023 | Is Nollywood missing out on the big business of Christmas movies? | For a lot of people, Christmas would be incomplete without the ritual of watching a mischievous eight-year-old in a house full of hilarious traps. This is why Home Alone remains a holiday classic, entertaining generations since 1990. It has... |
| Dec 4, 2023 | Can telecoms improve access to health in Africa? | Exactly two years ago, I wrote about how Africa is due for a telemedicine boom. The signs have been there for years: the health sector needs a revamp, and telemedicine is one of our best bets. In that article, we saw different reasons Afric... |
| Dec 1, 2023 | How uLesson became an online university from an “extra lesson” company | uLesson, Nigeria’s leading ed-tech, recently announced it had become a group with a private open university under it, the first in Nigeria. Here’s how they moved from K-12 to tertiary education.
At 10:20 a.m. on October 28, 2023, Professor ... |
| Dec 1, 2023 | Nigeria’s transport sector is in a recession | Nigeria’s transport and storage industry shrank for two consecutive quarters, entering a recession for the first time in 30 months. Data from the latest Gross Domestic Product report by the Nigerian Bureau of Statistics (NBS) showed that th... |
| Nov 23, 2023 | PHARMEXIT: Price of medications in Nigeria rise, posing economic hardship | In August, GlaxoSmithKline (GSK) announced its strategic shift in operations, revealing plans to cease its activities in Nigeria. This decision was prompted by a thorough exploration of alternatives, aiming to transition towards a third-par... |
| Nov 16, 2023 | Four multinational companies have left Nigeria in 2023 | 2023 has been one of the toughest years for Nigerian businesses this decade. It took only two months after the petrol subsidy removal in May for a reported 4 million small businesses to shut down because of a harsh economy. In October, the ... |
| Nov 1, 2023 | How does Nigeria plan to save the naira? | On Monday, October 30th, the naira weakened 26% against the dollar on the official market, touching its lowest closing price on record. It closed at 993.82 to the dollar from 789.94 in the previous trading day.
The naira is having its worst... |
| Oct 30, 2023 | Surviving the Nigerian market: Entrepreneurship nuggets from Chuks Aylor | Chuks Aylor
The IT and lifestyle products market is a great job and income generator in Nigeria. The consumer electronics market has generated $17.9 billion in revenue so far this year, while the IT services market is projected to reach $2.... |
| Oct 24, 2023 | What is the future of agency banking in Nigeria? | One of the biggest news from Nigeria’s startup scene over the last week was that Kippa shut down its agency banking business and laid off 40 employees. At its core, Kippa is a bookkeeping and finance startup serving small businesses. But in... |
| Oct 16, 2023 | Why superficial measures won’t fix Nigeria’s FX conundrum | The CBN’s purported overarching goal is to bolster liquidity in the FX market and, in theory, create an enabling environment for foreign investment. However, one must question the effectiveness of such measures, as lifting the restriction o... |
| Sep 10, 2023 | Ghana and Turkey are leading the charge in medical tourism | Medical tourism is increasing globally as more people seek high-quality, cost-effective, and specialized healthcare services abroad. According to GlobeNewswire, the global medical tourism market reached a value of $16.19 billion in 2022 and... |
| Aug 22, 2023 | Medical illustrations neglect people with dark skin. A Nigerian doctor-to-be is working to change that | Medical illustration is both an art and a science. But it can have a huge cultural impact, too, as medical student and illustrator Chidiebere Ibe discovered when his illustration of a pregnant Black woman and her fetus went viral in 2021.
T... |
| Aug 14, 2023 | Can Tinubu boost consumer spending in Nigeria? | From lifting 100 million Nigerians out of poverty to turning Nigeria into a trillion-dollar economy, President Bola Tinubu has declared several ambitious plans since he assumed office. However, his first 73 days in office have been difficul... |
| Aug 14, 2023 | Weekly economic index: World Bank suspends Uganda, More debt for CBN, and DSTV exits Malawi | Here are three big stories from Africa’s business and policy landscape you (probably) didn’t miss but should keep in mind this week: World Bank suspends Uganda over anti-LGBTQ law
The World Bank has suspended new loans to Uganda over its ne... |
| Aug 11, 2023 | Economic implications of the delayed Siemens power project in Nigeria | Nigeria, the largest economy and most populous nation in Africa has faced hindrances to its economic growth due to the absence of a consistent and high-quality electricity supply. Even with an installed power generation capacity of 14GW, th... |
| Aug 10, 2023 | How Nigeria can accelerate the uptake of CNG powered vehicles | In May, the newly appointed president, Bola Ahmed Tinubu, decided to eliminate fuel subsidy that had traditionally maintained affordable fuel prices for Nigerians. Since then, fuel prices have skyrocketed, with Nigerians currently paying ov... |
| Aug 7, 2023 | Weekly Economic Index: Niger’s power cut, UK £60 million support fund, and GSK’s exit from Nigeria. | Here are three big stories from Africa and the global business landscape you (probably) didn’t miss but should keep in mind this week:
Nigeria cuts power supply to Niger
In the aftermath of the coup that removed democratically elected Presi... |
| Jul 31, 2023 | Tapping into BBN’s market influence could have a tremendous impact on Moniepoint’s growth | Two Sundays ago, the beloved Nigerian TV reality show, Big Brother Naija, returned to captivate viewers again. Although a fan of the show, I must admit that I haven’t consistently followed it, except during the lockdown of 2020 when we were... |
| Jul 28, 2023 | Everyone can afford it: Inside Eden Life’s fast-food delivery experiment
TechCabal’s 2021 Year-End report
Success! | Eden Life, the home service platform that provides laundry, cleaning, and meal-delivery services for Nigeria’s working class, is testing a push into the larger retail market. Since its launch in 2019, Eden Life has used a subscription model... |
| Jul 13, 2023 | Nigeria’s eNaira: High on blockchain, low on adoption
TechCabal’s 2021 Year-End report
Success! | Nigeria’s master plan to make its eNaira mainstream has not recorded much success. From the unbanked to the banked, Nigerians are not adopting the country’s blockchain money.
“I’ll pay you with eNaira” was my colleague’s way of teasing me a... |
| Jul 4, 2023 | Subsidy removal fuels transition to gas generators in Nigeria | On the 29th of May, 2023, Nigeria was thrown into a frenzy. The newly elected president, Bola Ahmed Tinubu had just announced the abolishment of the age-long fuel subsidy which has kept fuel prices at reasonably low prices for Nigerians. Fu... |
| Jun 27, 2023 | Nigeria's Mobile Money System Has a Dark Side Even Though It's Convenient - New Study Explores the Risks | Financial services play vital roles in supporting economic activities. In Nigeria, though, a significant number of people don't have access to essential banking services.
A 2021 World Bank report shows that only 45% of Nigerian adults have ... |
| Jun 14, 2023 | Digital Economy Taxation: The Two-Pillar Framework and Africa’s Response
TechCabal’s 2021 Year-End report
Success! | The evolution of digitalization is changing how multinationals operate and relate with foreign governments. It is raising questions about taxation in the digital economy. There have been debates over the last few years about how the standar... |
| Jun 7, 2023 | Nigeria’s petrol subsidy removal is fueling conversations across sectors. | Currently, many people living in Nigeria can relate to the hit song, “it must have been love by Roxette.” The song’s lyrics, It must have been love, but it’s over now. It was all that I wanted, now I’m living without, aligns with their feel... |
| Jun 5, 2023 | Weekly Economic Index: The future of the naira, South Africa’s momentum, and a new fintech player | Unifying the Naira exchange rate.
Last week, Nigerians were thrown into a frenzy after reports emerged that the Central Bank of Nigeria (CBN) sold foreign currency to banks at a rate of N631 to a dollar during the weekly bidding. This was s... |
| May 31, 2023 | A last-minute increase of FG’s borrowing threshold raises concerns over rising debt
TechCabal’s 2021 Year-End report
Success! | Nigeria’s senate has raised the Ways and Means provision from 5% to 15% prompting important questions about rising debt and inflation.
Two days before the start of Bola Tinubu’s Presidency, members of the Nigerian senate held an emergency m... |
| May 29, 2023 | Intron Health is bringing AI superpowers to hospitals in Africa
TechCabal’s 2021 Year-End report
Success! | In his final year as a medical student, Tobi convinced his university to create a learning management system for boring anatomy lectures. Now he is using artificial intelligence to help doctors in Africa process medical records faster.
Afri... |
| May 19, 2023 | Nigerian youths and Afrobeats are at the forefront of cultural globalisation ahead of 2050. | In the past couple of years, young Nigerians have gained significant recognition on the global stage through their impact on various aspects of the global economy. Nigerian youths- home and abroad- have made significant contributions to sci... |
| May 15, 2023 | Aruwa Capital at the Official Launch of 100 Women in Finance Nigeria Location | |
| May 5, 2023 | Funmi Tuoyo went from one nutty idea to a coconut village. | If you thought coconuts were only good for sipping on a tropical beach, think again. Coconuts are one of the most versatile fruits in the world. There’s even a myth about coconut water being a substitute for blood plasma that started in the... |
| Apr 18, 2023 | How the naira scarcity drew attention to struggling Nigeria’s cinema culture | Cinema sales in Nigeria are struggling to bring home the bacon. According to reports, Nigerian cinemas recorded N441 million in ticket sales in March. The total admission of viewers into cinemas across the federation, for the period under r... |
| Apr 12, 2023 | Why OurPass dumped one-click checkout for business banking
TechCabal’s 2021 Year-End report
Success! | OurPass, a former e-commerce one-click checkout company, has pivoted to business banking. The company’s CEO, Samuel Eze, announced on LinkedIn that the startup was moving from providing a one-click checkout service to providing banking serv... |
| Apr 4, 2023 | Shuttlers raises $4 million equity round
TechCabal’s 2021 Year-End report
Success! | Shuttlers, a Nigerian mobility company, has raised a $4 million equity round after raising a $1.6 million seed round. Shuttlers uses its tech-enabled platform to offer shared bus rides to corporate passengers and individuals on scheduled bu... |
| Mar 28, 2023 | Nigeria’s cash crunch is squeezing out multinational companies | Nigeria has been in the middle of one of the oddest cash crunches in history. Following a currency redesign, naira notes virtually vanished from banking halls, ATMs and POS shops. As a result, many people experienced a new way of being brok... |
| Mar 21, 2023 | Liquid Intelligent Technologies expands into Egypt
TechCabal’s 2021 Year-End report
Success! | Liquid Intelligent Technologies has acquired a Cairo-based cloud and cyber security provider, Cysiv MEA. Cysiv MEA has been in business since 2008 and specialises in providing enterprise cloud and cyber security services to some of Egypt’s ... |
| Mar 17, 2023 | Nigeria’s cash crisis is taking its toll on consumer spending | It’s a Sunday, and 24-year-old Esther is standing in a queue at one of Lagos’s most popular retail stores when an announcement comes over the speakers. “We are sorry but we will be accepting only cash. Our servers are down, and we can’t tak... |
| Mar 3, 2023 | Ogun state’s agro-cargo airport will herald a new era of agricultural prosperity | In 2013, the federal government, through the Federal Airports Authority of Nigeria (FAAN) designated 13 airports as perishable cargo airports in a bid to transform the aviation sector into a major revenue earner for the country by making it... |
| Mar 2, 2023 | Nigeria's Election Was Nearly Derailed By Technology - but Biometric Devices Weren't the Problem | Technology nearly derailed the conclusion of the 2023 presidential elections in Nigeria. The Independent National Electoral Commission could not fulfil its promise to transmit election results from the polling units on its result viewing po... |
| Mar 2, 2023 | Nigerians spent less on foreign education in 2022. Here’s why. | At the moment, it seems every Nigerian is keen on migrating, and sooner or later, the country would become a vast empty room with no occupants. More than ever, there has been an exodus of Nigerians from the country. So massive is the trend ... |
| Feb 27, 2023 | Providing healthcare for less than a dollar: An insight into WellaHealth’s journey | Expanding health insurance coverage in Nigeria and easing access to quality and timely healthcare services.
Africa faces significant health challenges, topping the chart of undiagnosed diabetes and accounting for most global malaria mortali... |
| Feb 22, 2023 | As Nigeria’s big banks struggle with reliability, more customers are turning to digital alternatives
TechCabal’s 2021 Year-End report
Success! | Over the last three weeks, making payments with Nigerian bank apps has felt like Russian Roulette. As Nigeria’s cash scarcity worsens, traditional banks are seeing higher demands on their digital payments services, leading to customer delay... |
| Feb 3, 2023 | Starlink promises a new era of fast internet in Nigeria | On the 29th of March, 2022, the Russian army assailed the streets of Irpin, northwest of Kyiv, leaving blackened wreckages and dead bodies. Due to the attack, the city’s 24 cell towers were knocked down, throwing the city offline and preven... |
| Feb 3, 2023 | MoMo’s “system glitch” cost MTN Nigeria ₦10 billion in 2022
TechCabal’s 2021 Year-End report
Success! | Last year, MTN invested ₦16 billion in MoMo. Despite this, the mobile money operator lost ₦10 billion in 2022 to unauthorised transactions which were caused by a system glitch.
Nigeria has one of the highest populations of unbanked people i... |
| Jan 27, 2023 | Gokada banks on its community as it looks to crowdfund $750,000
TechCabal’s 2021 Year-End report
Success! | Gokada, a leading Nigerian last-mile delivery company, has taken to GetEquity, a Nigerian investment platform, to raise $750,000 at a $10 million valuation. Why is a market leader turning to retail investors in its home country to fund its ... |
| Jan 11, 2023 | Creating innovative solutions for seamless transactions in Sierra Leone and beyond | Technology solutions are changing the world and boosting economies, especially in developing countries. The African continent remains at the heart of this evolution with its technology industry growing and making a huge impact on businesses... |
| Jan 5, 2023 | How sustainable is the NNPC-Tompolo partnership to boost OPEC crude oil output? | Nigeria holds Africa’s largest oil and gas reserves and was the continent’s biggest exporter of crude oil till mid-2022 when it fell short of production, displaced by Angola and Libya. According to a report by the Organisation of the Petrol... |
| Dec 30, 2022 | Ogoni Indigenes In Nigeria Kick Against Government`s Plan To Auction Oil Block Amidst Environmental Pollution In Area | Dr. Douglas Fabeke
Dr. Douglas Fabeke with Ogoni Indigenes PORT HARCOURT, NIGERIA, December 30, 2022 /EINPresswire.com/ -- Some Indigenes of Ogoni, an oil-producing region in Niger Delta, Nigeria have threatened to disrupt and legally chall... |