Telecoms sector growth falls to six-year low on naira woes, tariff freeze
The growth of Nigeria’s telecommunication and information sector fell to the lowest in at least six years owing largely to
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Technology
Job conditions in Nigeria’s manufacturing sector hit 18-month high
Employment conditions in Nigeria’s manufacturing sector saw an improvement in the fourth quarter of last year owing largely to an
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Flutterwave expands into Zambia with payment system licence
Flutterwave, an African payments technology company, has officially secured a payment system licence to operate in Zambia. A statement on
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Flutterwave joins forces with NITDA to equip Nigerian small businesses
Flutterwave, an African payments technology company, has announced a strategic partnership with the National Information Technology Development Agency (NITDA) to
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Jumia’s annual loss narrows to $97.6m as liquidity rises
Jumia Technologies AG, listed on the New York Stock Exchange, saw its loss before income tax from continuing operations narrow
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GO54 founder Opeyemi Awoyemi exits board after sale to South Africa’s HOSTAFRICA
The deal marks Awoyemi’s second successful exit as a founder, having previously founded and exited from Nigerian job board Jobberman.
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Risevest responds to SEC allegations, reassures customers of funds safety
By Joseph Olaoluwa Risevest, a Nigerian fintech that gives customers access to selected global investments, has offered clarification to customers
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Moniepoint secures investment from Visa months after unicorn status
Moniepoint Inc., one of Nigeria’s leading business payments and banking services platform, has secured an investment from Visa, a global
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HOSTAFRICA gets bigger share of Nigerian web-hosting market with GO54 purchase
Joseph Olaoluwa HOSTAFRICA, a web-hosting company in Africa, has completed the acquisition of GO54 (formerly known as WhoGoHost), another operator
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Nigerian fintech PalmPay sets sights on remittances in Asia expansion plan
This move aligns with a growing trend among African fintechs to tap into the global remittance market, particularly in Asia. Startups like LemFi and Leatherback have already begun offering services in low- and middle-income countries (LMICs) across the continent, which account for 75% of global remittance inflows.
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