In honor of the 20th anniversary of Nigeria’s infamous telecommunications revolution, Dr. Bayero Agabi, President of Digivation Networks, has been honoured for his contributions to the industry’s growth over the last two decades. The award was presented to Dr. Bayero in Lagos yesterday at the Nigeria’s Telecommunications Revolution At 20 […]
FinTech
PRIMARY CONCEPTS •Facebook announced on Thursday that it has changed its name to Meta. •The company’s burgeoning goals beyond social media are reflected in the name change, which was unveiled during the Facebook Connect augmented and virtual reality conference. •The rebranding comes as the corporation has faced a bombardment of […]
Under the auspices of the West African Telecoms Regulators Assembly (WATRA), the Nigerian Communications Commission (NCC) and other telecoms regulators will develop technical and regulatory modalities aimed at combating the rising wave of electronic frauds and standardizing regional roaming tariffs in the sub-region. This was the focus of a two-day […]
Major General Muhammadu Buhari (retd.) stated Tuesday in Riyadh, Saudi Arabia, that attempts to boost the country’s digital economy and combat corruption should provide investors with “a lot of conveniences.” e-Naira, Treasury Single Account, Bank Verification Number, and National Identification Number are among the proposals highlighted by the president. Buhari […]
Prospa, a YC-backed Nigerian startup offering software and financial services to entrepreneurs and micro-businesses, has announced it closed a $3.8 million pre-seed investment, which was oversubscribed by 380%. The round was backed by venture funds Global Founders Capital and Liquid 2 Ventures. Leading entrepreneurs also participated in the round including […]
MTN Group, Africa’s largest telecommunications provider and Flutterwave, Africa’s leading payments technology company has announced a mobile money partnership. This partnership will allow businesses integrating Flutterwave in Cameroon, Côte d’Ivoire, Rwanda, Uganda and Zambia to receive payments via MTN Mobile Money (MoMo). MTN MoMo is a fintech platform providing consumers […]
OPay, an Africa-focused digital payment startup founded by a Chinese entrepreneur, announced a $400 million funding round led by SoftBank Vision Fund 2, valuing the company at $2 billion. Sequoia Capital China, Source Code Capital, Meituan-backed (3690.HK) fund Long-Z, Redpoint China, and 3W Capital are among the other investors in […]