News

CBN introduces new workflow and Naira payment solution to boost efficiency

CBN launches DocFlow and MDA Naira Payment Solution to streamline operations, cut costs, boost efficiency, and drive digital transformation in Nigeria’s financial system.

News

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.

News

AWS now accepts payments in Naira, easing cloud access for Nigerian businesses

Nigerian tech companies can breathe easier as local currency payments would help ease the burden of dollar-priced cloud services on Naira revenues.

Funding Tracker

Kenya takes the lead as African startups raise $2.01B in 2024

Kenya leads the pack as African startups secure $2.01B in 2024 funding, showing resilience and a shift toward sector diversification

News

LemFi raises $53 million Series B to fuel European and Asian expansion

LemFi will leverage this funding to expand its service offerings, scale its payment network licenses and partnerships globally, enabling hyper-localised service delivery.

News

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

News

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.

News

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

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

Fintech

BREAKING: LemFi expands to Europe. The journey so far.

LemFi, a fast-growing remittance startup with over 1M customers, and more than $33M in disclosed funding has expanded to Europe. Here is the journey so far.

AI

Rivals, Getty and Shutterstock to merge as competition heats up in the AI image generation space

Getty and Shutterstock, two rivals who have gone toe-to-toe for 20 years are merging off the back of competition from new AI image-gen startups. Who's next?

News

GTCO completes ₦209 billion capital raise, ahead of March 2026 deadline

GTCO will be the third Nigerian bank to make this announcement, months after the Central Bank raised minimum capital requirements tenfold for the country’s biggest banks

News

MTN sells Guinea unit, exits underperforming market

The deal is part of MTN's strategy to streamline its portfolio and focus on higher-growth markets

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