News

Expansion to Africa has been ongoing for a while, and South Korea has keyed into this initiative. South Korea has decided to expand development aid to Africa. The country plans to pursue deeper cooperation with the African region on vital…

Equity Market Gains: Trading on the Nigerian Exchange Ltd. (NGX) this week closed at a high rate: an increase of 1.73 percent to the previous rate. This follows investors’ increased demand for banking, insurance, and oil and gas stocks. Equity Market…

Lagos attracts 80% of innovation funding into Nigeria! Lagos State Government is currently creating its version of the Nigeria Startup Act, known as the “Lagos Innovation Bill.” The bill will be designed to include the provisions of the Startup Act…

In a move that is set to reshape the Nigerian fintech landscape, Nigerian fintech startup Brass was acquired by a consortium led by financial technology giant Paystack, according to a report by Techpoint Africa.  The acquisition comes at a time…

Global Fintech Drops: Global investment in fintech declined badly in the first quarter of the year. The investment fell by a tremendous 16 percent in the first three months of 2024. This assertion was revealed in a report by CB…

The tech industry is a landscape of constant flux, where companies rise and fall with the tides of innovation.  In a recent development that has sent shockwaves through the industry, chipmaker Nvidia is about to overtake Apple, the world’s most…

An intense debate has erupted within the Bitcoin community over a proposed software upgrade known as BIP (Bitcoin Improvement Proposal), with proponents touting its potential to propel Bitcoin into the future of finance and detractors raising concerns about its impact…

Wema Bank will retain its national license as it aims for the tier-1 banking sector. This development was highlighted by the Managing Director/CEO, Moruf Oseni, of Wema Bank.  He said this in an Annual General Meeting at the bank, which…

SoftAlliance, a solutions provider, has declared its dedication to driving digital advancement, as it marked its 20th anniversary. The company is a highly motivated and resourceful firm offering advanced IT services to run businesses efficiently through its diverse expertise and…

The Spark Accelerator program, an initiative of Safaricom, M-Pesa Africa, and Sumitomo Corporation, has selected nine early-stage Kenyan startups. The initiative seeks to grow and equip early-stage startups with relevant knowledge.  Safaricom Spark Accelerator Safaricom launched the Spark Venture Fund…