Tech News

News from the tech and telecoms sector in Nigeria

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's cryptocurrency, Tech Hub, Here is why Facebook is under probe again

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.
Google made a whooping $4.7b from news content in 2018

Google fined N613.1bn for AdSense clauses

The company has been accused of using its market dominance to dictate the activities of rival online search advertisers such as Yahoo.
LCC e-Tag glitch gives Lekki commuters a temporary tax rebate

LCC e-Tag glitch gives Lekki commuters a temporary tax rebate

Commuters can be forgiven for thinking that fortune has smiled on them and blessed them with free rides.
TeamApt - Nigerian fintech, TeamApt, to expand to the Americas later this year

Nigerian fintech, TeamApt, to expand to the Americas later this year

Nigerian financial technology firm, TeamApt, plans to expand its oepration into Latin America countries by the third quarter of the year.
EFCC has begun the use of drones but there is a problem..

EFCC has begun the use of drones but there is a problem..

On Saturday, March 9th, 2019, during the Gubernatorial and State houses of Assembly elections, the Economic and Financial Crimes Commission (EFCC) tweeted a picture...
Huawei, United States, Legal action, Texas, Meng Wanzhou

Huawei accuses the United States of hacking

The confrontation between Chinese leading technology company, Huawei and the United States has nowhere reached its end, as Huawei, today, announced the company has filed a lawsuit against the US government.
Nigeria has one of the cheapest mobile data prices in Africa

Nigeria has one of the cheapest mobile data prices in Africa

Data from UK-based price comparison website — Cable, has shown that Nigerian telecoms companies offer some of the cheapest mobile data rates in Africa.
Computer Village, Phone Swap

Phone Swap: Phone retailers losing business segment to black market

Before you walk into a phone retail shop for a phone swap, ensure that you are not quick to anger and you are an individual with few words, because the response of the staff in charge will probably push you over the edge.
OyaPay, Paystack, Techpoint, NCC, Fintech

CEO discloses how family affair shutdown OyaPay’s operation

One year after its launch into the financial tech space, OyaPay, a Nigerian mobile-based point-of-sale startup has shut down operations at a time Fintech companies are rebranding for growth and seeking investment for expansion.
Hello Tractor, CTA partnership, Agric Tech, Agricbusiness

Hello Tractor begins expansion drive with CTA deal

Hello Tractor, a Nigerian agri-tech startup, has given its expansion drive beyond the shores of Nigeria a boost by securing a partnership with the Technical Centre for Agricultural and Rural Cooperation ACP-EU (CTA).
Elon Musk, Tesla, SEC, Stock, Twitter

Elon Musk fires back at SEC on twitter

Elon Musk and the United States Securities and Exchange Commission have continued their verbal attack.
CcHUB, Kigali, Rwanda, Design Lab, Tech Innovation

Nigeria’s CcHUB expands into East Africa

Nigeria's Co-creation HUB (CcHUB) have made inroad into the eastern region of Africa. The company launched its outfit in Kigali, Rwanda, a move that intends to foster regional technology ecosystem in the continent.
Accion Venture offers 30% of investment fund to African Fintechs driving financial inclusion

Fintech companies to watch out for in 2019  

The disruption fintechs have brought about is certainly undeniable, even as their effectiveness is one of the qualities that have distinguished them.
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FGN Bonds, FG lists N296 billion savings bonds on NSE 

FG lists N296 billion savings bond on NSE 

The Federal Government has listed savings bonds valued at N296 billion on the Nigerian Stock Exchange (NSE)
Ecobank Nigeria appoints new officers 

Ecobank Nigeria makes senior management appointments 

Ecobank Nigeria has announced the appointment of 5 new management officers across various levels in the bank. 
Stay ahead of your competitors with these tips

Stay ahead of your competitors with these tips

You will only achieve success if you run your business on your own terms, and not fall prey to chasing after rivals in your industry.