Exclusive: Aduna Capital to launch a $20 million fund for Northern Nigerian startups

While Nigeria stands out as a prominent tech investment hub in Africa, the majority of investments are directed towards startups located in Lagos and other states in the southwestern region.

Eden Life’s CEO talks about its e-commerce marketplace

Nadayar Enegesi, co-founder and CEO at Eden Life shares insights on the newly launched e-commerce marketplace by Eden Life.

Nigerian digital publisher, OkadaBooks shuts down

OkadaBooks, a leading Nigerian digital publisher is shutting down its operations due to macro-economic challenges.

PricePally raises $1.3M seed to expand its online grocery store in Nigeria

In October, the National Bureau of Statistics reported that Nigeria experienced a 31.52% food inflation rate, marking a 7.80% surge from the corresponding period in the previous year.

Bloc MFB receives an Approval-in-Principle from the CBN

Bloc Microfinance Bank has been granted an Approval-in-Principle by the Central Bank of Nigeria.

BD Insider 212: Nigerian tech varsity wants to become the “MIT of Africa”

Inside: Sam Altman gets a new job, and Emmett Shear is now Open AI's CEO. We also covered the unapproved IMTOs in Ghana.

African-focused fintech, Zazuu shuts down

Zazuu, a U.K.-based and Africa-focused fintech startup has shuttered due to its inability to raise additional funding.

Nigerian banks’ USSD debt soars to ₦200 billion

From May 2023 until now, the USSD debt of Nigerian banks has surged by 66.67%, reaching a total of ₦200 billion, according to ALTON.

Paystack downsizes workforce outside Africa to localise cost

Nigerian fintech startup, Paystack is downsizing its team outside Africa, starting with the layoff of 33 employees in Europe and the UAE, where it has an engineering hub.

Showmax sets sights on becoming #1 streaming service in Africa with bold relaunch

The streaming service reveals fresh new brand identity and plans in the build-up to its February 2024 relaunch.

Breaking: Techstars-backed Chimoney acquires Scrim

Nigerian fintech startup, Chimoney has acquired Scrim App in an undisclosed deal. As a result of this acquisition, the Scrim App will be relaunched in December 2023.

Nigerian Web3 startup, WiCrypt expands to China

Enugu-based blockchain startup, Wicrypt has expanded its WiFi-sharing network to China, naming Onega Ventures as the sole distributor.