According to credible industry sources, Mafab Communications, a relatively unknown telecom business in Nigeria, may enlist the help of a technical partner to create and operate its 5G service after beating Airtel to one of the two slots in the 3.5 Ghz spectrum license for 5G rollout. There are also […]
FinTech
Last week in Lagos, the management of Cyber Africa, one of Africa’s converged legacy Information and Technology news platforms, acknowledged digital breakthroughs across all sectors of the continent at the Cyber Africa at 10 Forum/Cyber Africa Digital Economy Awards. The organizers convened the event to commemorate Africa’s massive digital transformation, […]
The deal is expected to close in the first quarter of 2022, pending the fulfilment of standard closing conditions, including regulatory clearances. The transaction is valued at $320 million and is expected to be AFFO accretive once completed, excluding integration costs. It is the first step in Equinix’s long-term strategy […]
The Nigerian Communications Commission (NCC) has detailed a number of legislative and regulatory steps it is pursuing in order to reaffirm its commitment to the continued development of the startup sector of Nigeria’s telecommunications ecosystem. Prof. Umar Danbatta, the commission’s executive vice chairman and chief executive officer (EVC/CEO), announced the […]
The Fintech Association of Nigeria (FintechNGR), in collaboration with the Singapore Fintech Festival (SFF), is bringing the World Fintech Festival (WFF) to Nigeria for the second time on November 11th, 2021. It will include a fireside conversation, as well as talks on AI, Quantum Computing, Cloud Computing, Blockchain, the […]
Mallam Kashifu Inuwa, Director-General of the National Information Technology Development Agency (NITDA), has reaffirmed that securing Nigerians’ personal information online is a major concern for NITDA, as data remains a critical component of the Digital Economy. Inuwa made the remarks while speaking on a panel at the Nigeria Bar Association’s […]
Foreign investors seeking collaborations with the Federal Government in the Digital Economy sector have continued to pay attention to Nigeria’s current leadership. On Thursday, November 4, 2021, the People’s Republic of China indicated interest in long-term relationships and collaborations with the Nigerian Digital Economy industry. On an official visit […]
The First Bank of Nigeria Limited has announced the opening of the FirstBank Digital Experience Centre, a completely automated branch. ‘FirstBank launches a completely automated self-service branch, strengthening digital transformation in Nigeria,’ the bank said in a statement. The branch was developed, according to the financial institution, to provide consumers […]
Payhippo, a Nigerian loan startup, has secured $3 million in a seed round, which it expects to use to hire the expertise it needs to improve its technology as it expands its efforts to provide quick finance to more small and medium-sized businesses (SMEs) in the West African country. Ham […]
E-Settlement (E-SL), a Nigerian fintech firm, has acquired QuickCash, a Côte d’Ivoire-based e-payment and money transfer startup. E-Settlement hopes to expand across West African countries such as Côte d’Ivoire, Burkina Faso, Niger, Togo, and other Francophone West African markets with this initiative. The agreement would broaden E-payment SL’s […]
