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Big news in Nigeria’s fintech world: C-One Ventures acquires Bankly, a well-known Nigerian fintech company and licensed microfinance bank. This means C-One Ventures now fully owns Bankly’s Nigerian operations. The CEO of Bankly, Tomilola Majekodunmi, will stay on but in…
Nigerian company, OmniRetail, has just secured $20 million in Series A funding. This is a big deal because it brings the total amount of money the company has raised since 2019 to $38 million. This new funding will help OmniRetail…
inDrive has said it does not intend to launch its ‘inDrive.Money’ credit service for drivers in Nigeria for now. This comes as a surprise to many, especially since lots of e-hailing drivers in Nigeria are struggling with less money and…
MTN Nigeria has appointed Egerton Idehen as the new Chief Broadband Officer starting from April 2025. This is a big step for the company as it shows how serious they are about improving internet access across Nigeria. The move also…
VFD Group, the parent company of VBank, has shared some very good news. For the year 2024, VFD Group reports pre-tax profit of N11.2 billion. This is a huge improvement compared to last year, and it shows that the company…
OPay is making a big difference in education by providing N1.2 billion scholarship to Kwara State Polytechnic students. This is great news for the school and its students because it means 20 lucky students will get N300,000 each to help…
Huawei South Africa has launched a massive smart warehouse in Johannesburg that’s set to shake up how goods move across Africa. This isn’t just another storage facility, it’s a game-changer for the entire logistics industry. When Huawei launches smart warehouse…
A Nigerian tribunal has ruled that Meta must pay a $220 million fine within 60 days because of unfair treatment of Nigerian users. This decision came after a long investigation into how Meta and its WhatsApp service handled people’s personal…
MTN Group, the biggest telecom company in Africa, has reported to the public about a cybersecurity breach that affected some of its customers’ information. The company said this happened because someone outside the company got into parts of their system…
A new taxi app called Simpliride has just started working in Lagos, Abuja, and Port Harcourt. This app is different from other ride-hailing apps because it charges drivers a small daily fee of N1500 and does not take any commission…
