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Zone, a Nigerian payment infrastructure company, has achieved a groundbreaking milestone by processing over ₦1 trillion in transactions on its blockchain network. This achievement occurred between November 2022 and December 2024, marking a major step forward as Nigerian banks adopt…
The Nigerian telecom industry is facing a challenging future, as a new report from PwC projects a 1.4% decline in average revenue per user (ARPU) by 2028. This decline, highlighted in the February 2025 Global Telecom Outlook (2024–2028), reflects ongoing…
Chowdeck, a fast-growing food delivery startup, has announced that it is cutting 68% of its contract staff, letting go of 86 employees. This decision comes after the company made significant improvements to its operations, particularly in how it manages deliveries…
The Federal Competition and Consumer Protection Commission (FCCPC) has taken legal action against MultiChoice Nigeria, the company behind DStv and GOtv, over its recent subscription fee hikes. This comes after MultiChoice ignored a clear directive from the FCCPC last week…
Nigeria leads in Africa’s startup funding, securing its position as the continent’s top destination for investment in innovative businesses. Since 2019, Nigeria has raised an impressive $4.6 billion in startup funding, far outpacing other African countries. This achievement highlights Nigeria’s…
MTN Nigeria’s mobile money service, MoMo Payment Service Bank (PSB), is undergoing a major strategic reset after experiencing a sharp decline in active users. The company reported a 46% drop in active wallets in 2024, falling from 5.3 million at…
Apple has just launched a new version of its iPad Air with M3 Chip, and it’s making waves in the tech world. This latest model is packed with cutting-edge features, including a powerful M3 chip, advanced artificial intelligence (AI) capabilities,…
Starlink users in Nigeria are still paying the old subscription fee of N38,000 for its Standard (Residential) package, even though the company announced a 100% price increase in January 2025. The new rate of N75,000 was supposed to take effect…
Vodacom South Africa has suffered a significant setback in its legal battle over spectrum pooling, as the Pretoria High Court dismissed its urgent application to stop competitors MTN, Cell C, and Liquid Intelligent Technologies from sharing spectrum. This ruling comes…
LoftyInc Raises $43M for African Startups. LoftyInc Capital, one of Africa’s most prominent venture capital firms, has successfully raised $43M in the first close of its third fund, LoftyInc Alpha. This marks a significant step forward in its mission to…
