Joseph Olaoluwa Olaoluwa

Moove acquires Kovi to fuel LatAm growth

The acquisition is driven by Moove’s pursuit of scale.  The company began expanding into the U.S. last August, seeking profitability.

Stanbic IBTC to inject ₦4 billion into fintech subsidiary, Zest

This is indeed cherry news for Zest, which is lagging behind peers like GTCO’s fintech subsidiary, HabariPay, and Access Holdings' fintech, Hydrogen.

GO54 Founder Opeyemi Awoyemi exits board after sale to South African rival

The deal marks Awoyemi's second successful exit as a founder, having previously founded and exited from Nigerian job board Jobberman.

Bento faces investigation over allegations of financial impropriety 

Okubanjo has been associated with lots of scandalous moments offering repeated hits to his reputation

Nigerian web hosting giant GO54 acquired by South African HOSTAFRICA

GO54 (formerly known as Whogohost), was founded in 2007 by Opeyemi Awoyemi while he was still a student at Obafemi Awolowo University.

Visa invests in Nigerian fintech unicorn, Moniepoint

Visa’s backing is a strong endorsement of our vision to digitize and support African businesses at scale, said Tosin Eniolorunda, Founder and Group CEO of Moniepoint

PalmPay eyes remittances as it mulls Asia Expansion

This move aligns with a growing trend among African fintechs to tap into the global remittance market, particularly in Asia

Scoop: Flutterwave UK has been on a quiet rise, recording £5.4 million turnover in 2023

2021 was Flutterwave's breakout year both at home and abroad due to a valuation of $1 billion, which raised its fortunes. It was also the first time the UK subsidiary began to reflect significant financial activity.

Nigeria’s inflation rises to 34.80%, as NBS site resumes service after one-month break

"Three weeks to resolve a hack is unusual. Shouldn't take more than a couple of hours to get a website back online," said one ethical hacker who explained the nature of the attack to Condia.

Nigeria launches digital trade desk to boost tech sector

While strategic, the focus on a digital trade desk may raise concerns as Nigeria currently ranks 131st out of 190 economies in the World Bank's ease of doing business ranking

Mastercard opens Ghana office after three years of building partnerships

Mastercard's exploration in Ghana first started in 2021 when it hired its Country Manager. After a series of partnerships and events, the company has opened an office.

Nigeria’s Statistics Bureau to resume service in January 2025 after hack

The December CPI data is scheduled for release on January 15.