Flutterwave’s Valuation Hits $3.2bn as Ripple’s Investment Pushes Total Funding Past $500m
African fintech giant Flutterwave has announced that its total capital raised has now surpassed $500 million. This follows a strategic
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Technology
Moniepoint Taps tell.money to Boost Anti-Fraud Protections for UK Remittances
African financial technology firm Moniepoint has announced a strategic partnership with UK-based open banking platform tell.money to roll out an
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Airtel Africa Profit Soars 147% as Nigerian, Tanzanian Currencies Deliver $127m Forex Gain
Airtel Africa reported a surge in profit after tax to $813 million for the year ended 31 March 2026, up
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MTN Nigeria’s Q1 Profit Jumps 166% as 2.3 Million Subscribers Join Network
MTN Nigeria Communications Plc has reported a surge in profitability for the first quarter ended March 31, 2026, driven by
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Airtel Africa is Latest Firm to Hit N10trn Valuation on Nigerian Bourse
Airtel Africa, the second-largest telecommunications company in Nigeria, saw its share price surge by the maximum daily limit of 10
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Spectranet, Legend Agree to Merge, Target Q2 for Completion
Lagos-listed Legend Internet Plc has announced a proposed merger with broadband provider Spectranet Limited, in a deal that will combine
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Moniepoint Buys Restaurant Management Firm Orda Africa
Moniepoint Inc. has announced the acquisition of Orda Africa, a cloud-based restaurant management platform operating in Nigeria. Under the terms
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Nigerian Tycoon Elumelu Calls for Safeguards After AI-Generated Scam Video
Tony Elumelu, a Nigerian tycoon who chairs several companies including the United Bank of Africa and Transnational Corporation, has called
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MTN Nigeria Rebounds With Record N1.1trn Profit, Ending Two-Year Loss Streak
MTN Nigeria Communications Plc has reported a dramatic turnaround in its 2025 financial year, swinging to a profit after tax
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Nigeria Vows to Review Impact of MTN’s Acquisition of IHS Towers
The Federal Ministry of Communications, Innovation and Digital Economy has said it undertake “a thoughtful assessment” of the acquisition of
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