Omoleye Omoruyi

Omatek generated ₦1.5m in 9 months, it is carrying ₦5.2bn in liabilities

Omatek generated just ₦1.5 million in 9 months, while its liabilities reached ₦5.2 billion, including ₦3.27 billion in unexplained accrued expenses.

Is MTN Nigeria’s ₦95.5bn fintech sale really a win?

MTN Nigeria’s headline 2.1x MoMo sale premium relies on a heavily written-down paper value. Against the actual ₦137.95bn invested, the ₦95.5bn valuation is a 31% loss.

OPay withdraws planned $304M US IPO after foreign inquiry

OPay Limited has withdrawn its planned New York Stock Exchange listing, citing an inquiry in a foreign jurisdiction it has not named. Reuters reported that the company had priced 16 million shares at $19 each, valuing it at about $4 billion.

Iyin Aboyeji helped build 2 unicorns, now he wants to tackle Africa’s jobs crisis

After helping build African unicorns, Iyin Aboyeji is shifting from funding startups to building businesses he hopes can tackle the continent’s jobs crisis.

Is Google Wallet and Pay launch in Nigeria a game changer?

Google Wallet and Pay have launched in Nigeria. Here is how smartphone biometrics and tokenisation could solve Nigeria’s 10-year contactless payment problem and shift users away from bank transfers.

BREAKING: Moniepoint to cut engineering, product roles in major restructuring

The changes come as the fintech expands beyond its established Nigerian operations and grows its presence in Kenya.

Why B2C2 hired AZA Finance founder Elizabeth Rossiello as it expands into stablecoin liquidity

As B2C2 accelerates its expansion into stablecoin liquidity and cross-border payments, the appointment of former AZA Finance CEO Elizabeth Rossiello highlights the growing demand for hard-to-build local currency payout routes.

Audit reveals 6 out of 8 top Nigerian government sites fail IPv6 readiness test

As millions of citizens rely on digital portals for taxes, identity cards, and business registration, independent testing reveals that key public infrastructure is lagging behind the internet’s global upgrade.

MNT-Halan shares jump 18% on Egyptian stock market debut after $150m IPO

MNT-Halan shares rose 18% on their Egyptian Exchange debut after a $150 million IPO drew heavy demand, valuing its listed Egyptian business at about $745 million.

PalmPay UK posts £21.3m loss after writing off £3.65m loan

PalmPay (UK) Limited recorded a £21.34m loss before tax in 2025, as investment impairments alongside a £3.65 million loan write-off weighed on its financial results.

Onafriq shuts down Baxi agent banking in Nigeria

Onafriq is shutting down its Nigerian agent banking division, Baxi, following severe macroeconomic headwinds, naira devaluation, and rising competition in offline agency banking.

Moniepoint’s UK accounts reveal a profitable tech business and a loss-making payments operation

Moniepoint Technologies UK Ltd earned £2.06 million in 2025 after a substantial loss the previous year. A separate UK entity reported a loss and received further capital support, offering a glimpse into the different businesses behind the fintech’s international operations.