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News from the tech and telecoms sector in Nigeria

Survey unveils Elon Musk as the most inspirational leader in tech 

Survey unveils Elon Musk as the most inspirational leader in tech 

A recent survey has unveiled Tesla’s Chief Executive Officer and Billionaire, Elon Musk as the most inspirational leader in the tech industry at the moment. 
Apple iPhone 11, Tax battle: Apple challenges $14 billion court case 

Tax battle: Apple challenges $14 billion court case 

Tax battle: Apple challenges $14 billion court case 
FairMoney secures EUR 10 million seed funding, to widen mobile banking services in Nigeria 

FairMoney secures EUR 10 million seed funding, to widen mobile banking services in Nigeria 

A Paris-based fintech, FairMoney has just secured the sum of 10 million euros in seed funding to widen the company’s online lending services to more customers with the aim of becoming a holistic financial platform for underserved customers, in Nigeria. 
MTN Group Limited, MTN Nigeria to raise N100 billion through commercial paper 

MTN Nigeria to raise N100 billion through commercial paper 

MTN Nigeria is seeking to raise a N100 billion through Commercial Paper (CP). The company's Head, Frontier Research, EFG Hermes, Kato Mukuru disclosed this during an interview with CNBC. 
Huawei to rival Android with new operating system amidst US ban, Huawei

Huawei competes with Apple, announces release date for new smartwatch

Barely days after Tech Company, Apple released its new line of products, ranging from the iPhone 11 series to the Apple Watch Series 5, Huawei has announced the release date of its smartwatch. 
French Government addresses the danger of Facebook’s Libra

French Government addresses the danger of Facebook’s Cryptocurrency

Since Facebook’s cryptocurrency, Libra was announced about three months ago, it has faced a lot of distrust from several governments, bankers, politicians and regulators.
Google

Just like Facebook, Google is under investigation 

Similar to what Facebook is again under probe for, emerging reports have it that Google is currently under antitrust investigations by the United States Government. 
Facebook's cryptocurrency, Tech Hub, Here is why Facebook is under probe again

Here is why Facebook is under probe again

Facebook is entangled in another controversy as it is facing antitrust investigations by the United States Department of Justice.  
FBI's arrest of Invictus' Obinwanne Okeke stirs controversy

Caught in the buzz: The economics of Nigeria’s “Yahoo Yahoo”

Osaz, a former yahoo boy familiar with the operations of internet fraudsters, explained the sequence of activities to Nairametrics.
Cashless Policy

CBN seeks standard practice from fintech operators 

The Central Bank of Nigeria (CBN) has sought standard practice from financial technology companies (fintechs).
Another Yahoo downtime breeds fear 6-years after data breach affected 3 billion accounts 

Another Yahoo downtime breeds fear 6-years after data breach affected 3 billion accounts 

Yahoo Services have been down for hours today, Thursday. The technology company is currently experiencing a technical issue that has affected all its mail users globally, including Nigeria.
Accion Venture offers 30% of investment fund to African Fintechs driving financial inclusion

Accion Venture offers 30% of investment fund to African Fintechs driving financial inclusion

Another credit opportunity has been created for Fintech startups driving financial inclusion in Africa. The new credit facility worth $23 million was set up by Accion Venture Lab
Truecaller records 130% growth so far this year 

Truecaller records 130% growth so far this year 

Swedish mobile app, Truecaller’s subscribers' base has grown by 130% this year. The call identity app added one million subscribers globally to its paid subscription service, Truecaller Premium.  
EZ Farming

Nigerian agric-tech startup, EZ Farming clinches $150,000 seed funding 

EZ Farming is the latest agricultural technology startup to benefit from a $150,000 seed funding from 500 startups,
Innovate 1 Pay

Nigeria’s Innovate 1 Pay expands into Dubai’s tech market 

Innovate 1 Pay, a Nigerian tech company has expanded its territory and business offering to the Middle East to tap into the growing popularity of Dubai among Nigerians.
Bluechip Tecnologies

Kenya’s tech sector welcomes a Nigerian rival, Bluechip Technologies 

Tech companies in Nairobi have a new competitor in town and it’s Nigeria’s Bluechip Technologies. Establishing an office in the East African region means Bluechip Technologies is now present in four African countries. 
Huawei Android, Huawei phones, Huawei's HarmonyOS, Huawei's product

Here’s why Huawei’s ‘HarmonyOS’ won’t be replacing ‘Android’ anytime soon

Users of @Huawei smartphone in Nigeria and across Africa need not to jubilate yet to the announcement of the newly developed Operating System (OS) by the Chinese tech company. Huawei unveiled its much publicised HarmonyOS touted to replace Android recently, but there are no plans to replace Google's 'OS' - at least not in the next three years.
Hollaport

Say hello to Hollaport, Kabiru Rabiu’s latest innovation in the Fintech arena

On Saturday the 6th of June, the Zone Tech Park at Gbadaga, Lagos, played host to the inaugural product launch from Hollaport Technologies Ltd.
Toyota Electric car market, Electric car companies, Toyota solar electric cars

Toyota begins solar testing for electric cars as market competition heats up

The electric car market is still in its growth phase but already saturated with various companies looking to edge out the other, however, to establish their footprints more innovations are being incorporated, and @ToyotaMotorCorp is reportedly working on one.
Google digital skills training

Google to train local manufacturers through its digital skills initiative

Google Nigeria has announced the launch of its Google Digital skills for Africa programme which kickedoff in Aba and other neighboring communities in Abia state, where entrepreneurs are being trained, especially manufacturers.
Arnergy, Norwegian Investment Fund for Developing Countries, Norfund, EDFI ElectriFI, All On

Nigerian energy startup raises $9 million in Series A funding

Nigerian energy startup, Arnergy has raised about $9 million in a Series A round of funding, led by Breakthrough Energy Ventures.
Google Launchpad Accelerator Class 3

Startups under Google Launchpad Accelerator Africa class 3 have raised N3.24 billion

@Google Launchpad Accelerator Africa Class 3, which comprised of 12 startups, successfully raised $9 million (N3.24 billion) and had created over 120 jobs.
Bolt Taxify

Bolt launches new platform for “corporate trips”

On-demand transportation platform, Bolt, has launched Bolt for Business which is a new platform for corporate trips.
Swvl wants to expand into Nigeria

Uber’s rival Swvl wants to expand into Nigeria, but commercial buses pose a threat

Egyptian vehicle hailing company, @swvlapp, has announced it will be making an inroad into Nigeria's ridesharing market to offer services that the likes of @Uber and @Boltapp_ng are yet to offer Nigerians, but it will meet a fierce challenge from yellow (commercial) bus operators.
Mastercard buys Jumia shares, Jumia get $56 million from Mastercard, Jumia NYSE IPO listing, MTN, Jumia Investors

DEAL: Jumia has sold its real estate assets portal to EMPG’s Mubawab

Dubai-based Emerging Markets Property Group (EMPG), Mubawab has secured the purchase of Jumia's North-African real estate portal, Jumia House.
Google made a whooping $4.7b from news content in 2018

Google made a whooping $4.7 billion from news content in 2018

Google reportedly earned as much as  $4.7 billion in 2018 from news contents comprising of the works of news publishers accessed by readers via search and Google News.
WePrototype Press Release conference

Young and creative Mayowa Okegbenle creates innovative approach to building apps for professionals

WePrototype Technologies, a new technology company in Nigeria, unveiled its brand on Tuesday, June 11th, in Lagos, to provide the latest Google technologies to Nigerians. This will be combined with prototyping to build mobile apps for professionals.
FutureHackk Agriculture

Win N3 million in the upcoming FG FutureHack challenge; apply now

@nitdanigeria's FutureHack challenge is currently accepting and reviewing applications to be shortlisted as part of its July 2019 hackathon event.
Xenophobia, MTN Nigeria’s shares drop on NSE following attack on its centres in Nigeria

MTN debuts Africa’s first AI for payment

@MTNGroup has debuted the first Mobile Money (MoMo) artificial intelligence service in Africa. The company developed the AI service to aid users' navigation when operating MTN's MoMo payment and other services.
Uber to ban low rated passengers from its services Kate Parker writes on Uber blog

As Uber plans to ban low-rated passengers, here’s how to avoid that

@Uber now believes that the customers are not always right. In line with this, the car hailing company plans to ban disrespectful riders. Click link for details...

Popular

ORide

Police shuts Opay office in Kano

Emerging reports have it that the Nigerian Police Force (NPF) has shut down the office of online payment portal, OPay.
CBN, Key lending rate

CBN offers clarification on cashless policy, but Nigerians aren’t having it 

Nigerians are not here for CBN's (@cenbank) tweet this morning trying to clarify the rather controversial cashless policy.
Eurobond

Eurobonds in Nigeria: What they are and how to invest in them

Eurobonds in Nigeria: What they are and how to invest in them