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News from the tech and telecoms sector in Nigeria

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 launches Bolt for Business

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.
FIRS demands tax payment from MTN 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...
NCC

A total of $70 billion has so far been invested in Nigeria’s telecom industry

Investments in the Nigerian telecoms sector have reached $70 billion (about N25.2 trillion), the Nigerian Communications Commission has confirmed.
UK demonstrates commitment to the advancement of West Africa’s Agro-Industry

UK demonstrates commitment to the advancement of West Africa’s Agro-Industry

The United Kingdom continues to demonstrate its commitment to ‘doing better business’ on the African continent with the inaugural edition of the UK-West Africa Agritech Summit organised by the UK Department for International Trade.
NCC

9mobile drops again, as Nigeria’s mobile internet subscribers hit 115.9m

The total number of Mobile Internet Subscribers in Nigeria reached 115.9 million in March 2019 according to the latest internet subscribers data released by @NgComCommission 
Andela

Andela explains startups’ preference for Venture Capitalists over banks

In January 2019, Andela secured $100 million from foreign investors, thereby continuing a trend that has long characterised the Nigerian startup space. 
Africa Fintech Foundry, AFF conference in Nigeria, Tech innovators

$10,000 up for grabs as AFF gathers tech innovators

The biggest innovation conference in Africa, Africa Fintech Foundry (@AFFoundry) will be held next week in Nigeria. The tech startup with the best initiative will be awarded a cash prize of $10,000.
How to grow your net worth

Attention Techies: Andela shares useful tips for application delivery

Africa's leading tech development company, Andela, have shared (via Twitter) some very useful tips for Application Delivery. 
Renmoney launch mobile centers, Fintech companies in Nigeria

Renmoney improves loan access with mobile centres

One of Nigeria's financial technology companies, @Renmoney, has begun to establish mobile centres across the country in a bid to bring financial access closer to its customers and prospective customers.
Samsung Galaxy Fold screen malfunction, Samsung launch Galaxy Fold, Foldable phones

Samsung’s N712,000 foldable ‘Galaxy Fold’ can break without falling

Dear future owners of Galaxy Fold, there is one thing you need to know before you purchase the new innovation which is valued at N720,000.
Nigerian SMEs

It often helps to look back at where we’ve come from – Sim Shagaya

Nigerian entrepreneur and business mogul, Sim Shagaya, took to his Twitter page to reflect on how far technology has come.
Understanding regulatory technology and the role of regulators in Nigeria

Understanding regulatory technology and the role of regulators in Nigeria

Regulatory technology (“RegTech”) is an emerging field within the financial services industry that uses information technology to enhance regulatory processes.
Farmcrowdy unveils commodity aggregator Farmgate Africa

Farmcrowdy unveils commodity aggregator Farmgate Africa   

Agri fintech startup, Farmcrowdy, today unveiled Farmgate Africa, its commodity aggregator platform.
NIBSS

NIBSS reveals new TAT for reversals, transfers, and transaction timeouts

The Nigeria Inter-Bank Settlement System (NIBSS), says banks are working towards attaining shorter time for electronic payment (e-payment) transactions.
Facebook, Tech Hub

Facebook is considering paying media outlets for news tab

Media organisations could soon begin to receive paychecks from Facebook, as the CEO, Mark Zuckerberg, plans to create a news tab for quality news sources.

Nigeria missing from Amazon VS Microsoft cloud battle

Nigeria is off the radar as Amazon and Microsoft's Azure take the battle for cloud dominance to Africa.
Uber acquires Careem, Dubai ride-hailing services, Regulatory approvals

Uber’s acquisition of rival, Careem, raises anti-competition concerns

Uber will drop a whopping $3.1 billion to acquire Dubai-bases Careem. But officials are not pleased with the development.
Guaranty Trust Bank Plc, GTBank Playground Play Centre, Lekki, Banking

GTBank goes beyond banking, launches digital playground for children

The GTBank Play Centre is equipped with a wide array of interactive games that will give kids a fun and immersive digital experience
Kongo company result, Konga acquisitions, Konga CEOs, Zinox Group acquires Konga, Early Metrics rates Konga, Zinox acquires Konga, Konga joins Intel's Retail Accelerator Programme

Early Metrics rates Konga high among league of global Startups

Early Metrics' ratings support decision makers such as investors and corporates in identifying innovative startups worthy of their time and money.
OneFi acquires Amplify, Paylater, Fintech companies

OneFi acquires Amplify as part of its one-stop-shop drive

The acquisition will see OneFi take over Amplify’s assets, tradements, and flagship products.

Popular

GTBank, acquisition

GTBank in acquisition talks

Chief Executive Officer of GTBank Segun Agbaje has said that the bank is making plans to expand its market base beyond its present locations.
Top Adverts in Nigeria

See the top ten adverts in Nigeria at the moment

So far in 2019, many companies have done the most in this regard. We have seen some of the most creative advertisements in the forms of radio jingles, TV adverts, web banners, etc. But are all of them having quite the impact? 
NSE delists Skye Bank and Skye Bank and Fortis Microfinance Bank

2 banks delisted from NSE

Skye Bank and Fortis Microfinance Bank have been delisted from the NSE, following a decision by the National Council of the Stock Exchange.