Joseph Olaoluwa

BREAKING: Access corp’s fintech arm, Hydrogen, reports 10x profit surge

This represents an almost tenfold increase compared to the ₦161 million profit recorded in 2023.

BREAKING: Moniepoint launches remittance product

“We are using pricing as a pull factor. We want people to try the product because it’s affordable and stay because it works,” said Moniepoint’s CEO, Tosin Eniolorunda

Nigeria’s inflation accelerates to 24.23% post-rebasing

Headline inflation increased to 24.23% in March, up from 23.18% in February 2025, reflecting a balance between moderating and upward pressures.

“If you’re not registered with SEC, you’re illegal,” Nigerian govt to fintechs

The desire to fast-track digital asset licensing and registration is slowly becoming a core mandate for Agama in 2025.

VBank rebounds to profitability with ₦366 million in 2024

VFD Microfinance Bank's positive performance contributed to a wider recovery for its parent company, VFD Group Plc, which also rebounded to profitability after a ₦750 million ($471,824) loss in the previous year.

Wema Bank cuts fraud losses by 95% in 2024

Last year, the bank promised to hire more people in its digital compliance department to reduce the number of fraud cases

Stanbic IBTC’s fintech subsidiary Zest widens losses to ₦2 billion in 2024

Profitability may be an uphill task for Zest, but total income is not. The fintech doubled its total income to ₦124 million from ₦68 million in 2023, showing great traction and promise

Equinix expands Lagos Data Center amid Africa’s digital boom

“Nigeria is a crucial market for Equinix," Bruce Owen, President of EMEA at Equinix, said during a ribbon-cutting ceremony of the newly expanded site, which held in Lagos.

Nigerian Grocery Startup MyFoodAngels pivots to eco-friendly packaging

Exploring biodegradable plastics as a long-term delivery solution will make the company the first grocery delivery platform to pivot into eco-friendly packaging, often claimed to be sustainable for the planet

LagRide drivers risk arrest over failure to use app weeks after CIG Motors assumed control

Despite achieving over ₦600 million ($389,911)  in gross merchandise value (GMV) on March 25, 2025, LagRide is struggling with driver churn this month.

Payhippo rebrands to Rivy, secures $4M to fuel clean energy financing in Africa

This transition addresses the critical energy deficit in sub-Saharan Africa, where half the population lacks electricity access, and those connected face exorbitant costs

EXCLUSIVE: Moniepoint tests remittance product

This new offering is currently in an invite-only beta stage and precedes a planned public launch