In a landmark announcement at GITEX Nigeria 2025, Governor Babajide Sanwo-Olu revealed that Lagos State attracted over ₦9.3 trillion (approximately $6 billion) in technology startup funding between 2019 and 2024. This influx of capital not only cements Lagos’s status as Nigeria’s economic powerhouse but also redefines its position as Africa’s […]
FinTech
Nigeria’s fourth-largest mobile network operator has officially rebranded from 9mobile to T2, unveiling a new identity and strategy aimed at reclaiming market share and redefining its role in the country’s fast-changing telecoms landscape. The launch, held Friday at the Eko Convention Centre in Lagos, featured a vibrant orange colour scheme […]
China’s factory activity contracted at its fastest pace in 16 months in April, as steep US tariffs took a heavy toll on the manufacturing sector, adding urgency to Beijing’s efforts to roll out fresh economic stimulus. The manufacturing Purchasing Managers’ Index (PMI) fell to 49.0 in April, the weakest […]
Tesla has announced a significant decline in its financial performance for the first quarter of 2025, reporting a 71% decrease in net income to $409 million, compared to $1.4 billion in the same period last year. Revenue also fell by 9% to $19.3 billion, with automotive sales dropping 20% year-over-year. […]
Nigeria is set to launch its first artificial intelligence-focused university in Epe, Lagos, a significant milestone in the Africa’s tech landscape. The university, named Wini University, aims to equip Nigerian youths with cutting-edge AI skills, positioning the country as a major player in the global AI market, projected to reach […]
Nigerians were once again plunged into darkness on Wednesday following yet another collapse of the national power grid. This marks the 12th collapse of the grid in 2024, with 11 previous failures recorded between January and November. The national power grid experienced a particularly challenging period in October, when it […]
OPay, a leading financial institution in Nigeria, has partnered with AfriGo Card, powered by AfriGopay Financial Services Limited (AFSL), a subsidiary of Nigeria Inter-Bank Settlement System (NIBSS) aiming to enhance the availability of digital payment services to Nigerians. The partnership will facilitate rapid scaling while ensuring secure and convenient payment […]
The organizers of AfriTECH 4.0 have announced the official sponsors for this year’s event, revealing a lineup of prominent companies committed to shaping Africa’s digital future, with QNET stepping up as the Gold Sponsor. Set to be held at the Oriental Hotels, Lekki Road, Lagos, on November 7, 2024, AfriTECH […]
As Nigeria’s financial technology sector evolves, Remita, a pioneering payment company, continues to shape the future of both the Nigerian and African fintech landscapes. Recognized for its dedication to innovation, inclusivity, and reliability, Remita is a major sponsor of the Nigeria Fintech Week (NFW) 2024. At this event, the company […]
Over 12 million customers of First Bank Nigeria were left stranded on Tuesday as the bank’s digital platforms broke down, leaving them unable to access the bank’s app or carry out any financial transactions. The issue persisted throughout October 1, Nigeria’s Independence Day, leading to widespread frustration among customers. Many […]
