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Financial Services

Nigeria Fintech firms seek national committee to bridge regulatory gaps

Sectors

NCC explains poor telecom service in Lagos, Abuja, other cities

Amazon Web Service outage disrupts major global platforms, Snapchat, Canva others affected

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News from the tech and telecoms sector in Nigeria

Alert: Kaspersky identifies new malware campaign targeting iOS devices

NCC raises alarm over malware that steals banking app login details

by Chike Olisah

February 27, 2022

The NCC has alerted the Nigerian public to a newly discovered malicious software that steals users’ banking app login credentials...

European Data Protection Board slams 1.2 billion euros fine against Meta

Meta bans Russian state media from running ads on its platforms

by Michelle Ezenduka

February 27, 2022

Meta has announced the ban of Russian state media from running ads or monetizing content on its platforms.

How far will Tingo Mobile's N3 billion facility go to bolster agriculture in Nigeria?

Investors’ plight: How FarmKonnect, Bolgate Rice Mill are tying down investors’ capital

February 26, 2022

The crowdfunding space in Nigeria seems to be facing some challenges as some of the platforms continue to struggle to...

Meta shares fall over 20% as metaverse-focused division reports loss of $10.2 billion

Facebook’s Meta sets up special team to curb hate speech against Ukraine amid war

by Michelle Ezenduka

February 26, 2022

Facebook's parent, Meta has stepped up a special team to deal with hate speech and misinformation related to Ukraine.

Corporate deals

DEAL: Nigerian fintech, Voyance secures $500,000 pre-seed funding to expand across Africa

February 25, 2022

Voyance has raised $500,000 pre-seed funding to improve data unification in Africa.

Internet World Stats, Nigerian Communications Commission remittance, Network operators in Nigeria, Telecoms companies in Nigeria, MTN Nigeria, Airtel Africa, Globacom data, 9mobile court case, Top 10 states in Nigeria with the highest Internet subscribers , Telecommunications: The bright spot in a fragile economy, Telcos add 5.64 million voice and data subscribers in Q3 2019 - NBS , Alleged N200bn Debt: EFCC, DSS to probe telcos, Network glitch, as poor internet speed continues to impede banking services, Telecoms record 725% increase in foreign capital investment, as GDP contribution hits N6 trillion, Coronavirus: Instant messaging platforms, Telcos raking in funds from the work-from-home policy, Telecoms: Bright spot amidst the gloom, Nigerians lambast MTN, Airtel for offering free SMS, ignoring request for free data, airtime

MTNN, Mafab pay $273.6 million each to NCC for 5G Spectrum licenses

by Abiola Odutola

February 25, 2022

MTN Communications Nigeria and Mafab Communications Limited paid $273.6 million each for the 5G Spectrum licenses to the NCC.

Nigerian fintech expands banking operation into East Africa

Appzone, a Nigerian-based fintech is expanding the operations of its BankOne; a banking system by the fintech, into Kenya.

Cryptos

London Stock Exchange gains crypto exposure as it acquires Tora for $325 million

by Ajibola Akamo

The London Stock Exchange Group (LSEG) announced that it has acquired a United States’ based cloud technology provider, Tora for...

Facebook was losing $545,000 in U.S. ad income per hour

Creators to make up to $35,000 a month as Facebook Reels goes global

Facebook has announced that reels will now be available on iOS and Android in more than 150 countries across the...

Pieter de Villiers, founder and CEO of Clickatell

Corporate deals

DEAL: Chat commerce startup, Clickatell raises $91 million Series C round

by Michelle Ezenduka