Six African fintech companies have been declared finalists of this year’s Ecobank Fintech Challenge, and will now compete for a top price of US$50,000 and admission to the Ecobank Fintech Challenge Fellowship programme. Ecobank is a leading independent pan-African banking group that serves over 32 million customers in the consumer, commercial […]
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Samsung Nigeria launches new smartphone
Samsung Nigeria has officially launched the Galaxy A04s into the Nigerian market. The company said the launch of the device reinforced Samsung’s commitment to providing affordable and quality devices that addressed the daily needs of consumers. Speaking during the presentation with the press, the Product manager, Stephen Okwara, said the […]
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Broadband penetration pushes cashless transactions to N278tn
Increasing broadband penetration has pushed cashless transactions in Nigeria to N277.61tn in the first nine months of 2022. This is a 41.58 per cent increase from the N196.08tn reported in the corresponding period of 2021. Electronic payment transactions are monitored on the Nigeria Inter-Bank Settlement System through the Nigeria Instant […]
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IBM named technology partner for COP27
Hybrid cloud, AI, and business services provider IBM, says it has been named the technology partner for the 2022 United Nations Climate Change Conference, or COP27, which will be hosted by the Egyptian government in Sharm-el-Sheikh from November 6 to 18. The company said it would showcase how technology and consulting […]
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MTN launches 5G network
Fifth-generation technology, commonly called 5G, is now available in Nigeria. MTN Nigeria Communications Plc commercially launched the fifth-generation technology, commonly called 5G, in Nigeria on Sunday. It was launched during an event that enabled guests to test the use of the technology. At the commercial launch event, guests were able […]
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Momo PSB appoints brand ambassador
Mobile money operator, MoMo Payment Service Bank, has announced popular comedienne, Anita Asuoha, popularly known as ‘Real Warri Pikin’, as its first brand ambassador. A statement said the unveiling took place at the MoMo PSB headquarters in Lagos. According to the statement, Asuoha is expected to use her popularity among […]
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Nigeria leads as Google supports 60 African startups
Google says 60 African startups have been selected for the second cohort of the Google for Startups Black Founders Fund for Africa. The global firm said this on Tuesday during the Google for Startups Black Founders Fund 2022 winner announcement in Abuja. It said the winners would be supported with […]
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Nigerian fintech startup Duplo raises $4.3m seed round to launch new products
Nigerian startup Duplo, a B2B payment platform that makes it easier for African businesses of all sizes to pay each other, has raised US$4.3 million in seed funding to launch new products and expand into new business verticals. Founded by Yele Oyekola and Tunde Akinnuwa in September 2021, Duplo allows B2B companies […]
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27% of Nigerian Internet users own cryptocurrency – Report
Twenty-seven per cent of Nigerian Internet users own cryptocurrency data, according to a report by Finder.com This is despite the Central Bank of Nigeria restriction on digital currencies in the country. The CBN had in February 2021 directed banks not to allow crypto assets-related transactions in the banking sector. The […]
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Primera MFB boosts SMEs financing with N5bn
Primera Microfinance Bank, a fully licensed and technology-driven finance institution that offers financial solutions to businesses and individuals said it has extended over N5bn financing to Small and Medium Scale Enterprises in 2022. In a statement, the bank said it accomplished the feat by strategically targeting key growth sectors in […]