News

IBM to cease direct operations in Nigeria and across 35 African countries, transfers business to MIBB

The company has had its run for over 60 years in Africa, with a major push starting in 2010. This operational transition will take place on April 1, 2025.

Mobility

EXCLUSIVE: InDrive introduces bank transfer feature for trip payments

This move positions InDrive as the first ride-hailing platform in Nigeria to adopt this approach. It also affirms bank transfers as the most acceptable mode of trip payment

Fintech

Cedar Money secures $9.9 million to power cross-border payments with stablecoins

Cedar Money's approach leverages stablecoins to move funds while navigating the intricate compliance landscapes of various countries. 

News

Bento CEO resigns again, amid tax, pension probe

Okubanjo plans to focus on Ada AI, an AI-powered sales assistant currently in development.

Fintech

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.

News

Africa’s EV leader Spiro partners with Afrobeats icon Davido

Spiro partners with Afrobeats star Davido to promote sustainable electric mobility across Africa, combining clean energy innovation with cultural influence.

News

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.

News

Bento faces investigation over allegations of financial impropriety 

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

News

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.

News

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

Funding

Naked secures $38 million to advance AI-driven Insurance in South Africa

The latest funding builds on Naked’s success in securing $17 million in a Series B round in February 2023.

Fintech

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

Advertisement Ad
Advertisement Ad