Tech News

News from the tech and telecoms sector in Nigeria

MEST launches incubator spaces in Lagos and Cape Town

Pan-African entrepreneurial training program, seed fund, and incubator MEST today announced the launch of two new Incubator spaces in Lagos, Nigeria, and Cape Town, South Africa,...

Uber purchases 24,000 Volvo XC SUVs for driverless scheme

Ride sharing app Uber has taken its driverless programme to the next level as it has purchased 24,000 Volvo XC 90 as part of...

How these Nigerian companies used offline strategies to create success online

Let’s get this clear; it is extremely difficult, if not practically impossible, to build a solely online consumer internet business in Nigeria and by...

Farmcrowdy launches mobile app for farmers

Press Release: Farmcrowdy, Nigeria’s first and leading digital agriculture platform has introduced a new category of funding small scale farming in Africa by...

What the Bango and 9Mobile Google Playstore partnership is about

Nigeria's Mobile Telecommunications firm, 9Mobile (formerly known as Etisalat Nigeria) and Bango a UK based firm have announced a partnership. The partnership allows 9pay wallet...

These founders have now joined the Tech Billionaires Club

Over the years, we have heard about billionaires like Bill Gates, Mark Zuckerberg, Jeff Bezos, Elon Musk and many others.  We know about their...

Much Ado About Nothing – The Andela Uproar!

Let me start with an apology. I was meant to publish the second episode of the ongoing series on capital raising, however, I got...

Artificial Intelligence, Andela and Africa’s looming technology slavery

Globalization, software and the Internet are changing the world faster than we all can catch up. From election hacking to disruption of transportation to...

6 months after launch, Is ALAT a success or a failure?

Last May, Wema Bank surprised many when it announced that it was pioneering the launch of a new digital bank, which it named Alat....

TSTV vs DSTV: How to take on a Monopoly

Last week I wrote a post mortem, my thoughts on why I believed GoMyWay failed. Seriously guys, I did not enjoy it. This week,...

As critics mutter brain drain, Andela raises $40million in Series C funding

Andela raises $40million in Series C financing to aggressively expand, double talent pool Andela has raised an additional $40 million in a third venture capital...
co-founder, startup

Population increase a beacon of hope for Nigerian Startups

By 2050, Nigeria will become the 3rd most populous country in the world. This is as reported by the United Nations.  It is expected...

Analysis: 4 years after the hype, GSM Porting amounts to zilch

It's now 4 years since the NCC introduced Mobile Number Portability (MNP) in the Nigerian telecoms sector. Back in May 2013 when the NCC...

Why the M-Pesa miracle has failed to work in Nigeria

Funds transfer in Nigeria has come a very long way. Today, if you want to transfer money to your kid in a University located...

Uber’s licence may not be renewed in this city

Transport authorities in London have signalled that they will not renew Uber’s operating licence when it expires this month. They hinged their decision on...

When a mature company pivots – A case study of Jumia!

Again, let me say, I don’t like jargons, but the word “Pivot” is some word we can’t avoid in this tech business. When a...

WhatsApp Co-founder Brian Acton resigns for a new chapter

Whatsapp Co-founder Brian Acton is leaving the firm to start a foundation.  Acton made the announcement on a post on his facebook wall. After 8...
Bitcoin exchange for Nigeria is up and running

This Bank CEO is unhappy with bitcoin

Jamie Dimon, Chief Executive of JP Morgan, has voiced concerns about bitcoin, essentially calling it a scam. Dimon made the remarks at an investor...

TechFriday: How not to build an App

Investor: Can you share your idea? Entrepreneur: I want to revolutionize the transport system in Lagos. I want to “disrupt” all these danfos Investor: So how...

Here is why FG will support a ban on importation of computer products

Operators in the Information and Communication Technology, may have cause to smile soon as the Federal Government may be considering a ban on items...
co-founder, startup

Don’t start a Startup if you don’t know these basics

I am excited to be writing my first post on this platform. I have had this thought in my head for some time now...

APP for the week: Cowrywise Personal Finance

Cowrywise is a personal finance app that enables people save by making automated deductions from their account. Money saved is then invested in money...

3 apps that make managing your personal finance very easy.

Today, there’s almost an app for everything. Games, fashion, modelling, you get apps that claim to help you in one way or the other....
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Nigerian Banks stocks are bleeding but these two banks are soaring

Two banking stocks, in particular, are posting double-digit growth in their stock prices this year to date.
Ex Finance Minister Zainab Ahmed, explains why VAT will rise to 7.5% next year

This thread exposed everything that’s wrong with Nigeria’s VAT

There are reasons why it may be wrong to compare VAT in Nigeria with that of other countries. Our VAT is not a proper VAT.
Devaluation relief: Nigeria is set to gain big from Saudi Aramco Attack

Devaluation relief: Nigeria is set to gain big from Saudi Aramco Attack

Whilst this is bad news on a global scale, Nigerian may inadvertently stand to benefit from it, albeit in the short term.