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Fintech

Fluxis Capital Charts the Future of Startup Debt Financing in Nigeria

Fluxis Capital recently brought together founders, investors, and debt providers for a private roundtable in Lagos, where participants exchanged ideas on the growing importance of debt in Africa’s startup ecosystem. The dialogue came at a time when African startups are increasingly turning to alternative financing. In the first half of 2025, they raised about $1.35 […]

News

FG Targets 7m Youths for Digital Literacy in 2 Years

President Bola Tinubu says his administration is set to empower seven million young Nigerians with digital and professional skills, aiming to create millions of job opportunities in the next two years. Tinubu, represented by the Minister of Youth Development, Ayodele Olawande, said this on Wednesday in Abuja at the Strategic Youth Leadership Conference 2025. The […]

News

Nigeria Immigration Hikes Passport Fees by 100%

The Nigeria Immigration Service has announced an upward review of the cost of obtaining the Nigerian Standard Passport, effective September 1, 2025. According to a statement signed by the Service Public Relations Officer, ACI AS Akinlabi, on Thursday, the new fees will apply only to applications made within Nigeria. “The review which only affect Passport […]

Telecom

T2, Huawei Sign Multi-million Dollar Partnership for Core Network Modernization

In a decisive move marking its bold return to the forefront of Nigeria’s telecommunications sector, T2 has signed a landmark strategic partnership with Huawei, a global leader in Information and Communications Technology (ICT), to modernize its core network infrastructure. This milestone agreement signals the start of a sweeping transformation, one that underscores T2’s renewed ambition […]

News

AfDB, Aerosense Inked Agreement to Propel Drone Adoption in Africa

The African Development Bank (AfDB) and Aerosense Inc, a Japanese drone manufacturer, have inked an agreement to expand cooperation and initiatives in drone technology in Africa. According to the AfDB, representatives from both organisations signed a Letter of Intent late last week on the sidelines of the ninth Tokyo International Conference on African Development in […]

Telecom

Kaspersky Highlights Changes in Cyberthreats Landscape Across Africa ahead of GITEX Nigeria 2025

According to data from Kaspersky, a global cybersecurity company, Sub-Saharan Africa saw 42.4 million web attacks and 95.6 million on-device attacks detected in the first half of 2025. The region recorded more than a double increase in spyware, 64% more password stealer attacks and 12% more backdoor infections compared with the same period of last […]

News

AfDB Pledges Support to Universities as the Vital Partners in Development Efforts for Africa

Universities are essential partners in Africa’s development, and the African Development Bank is committed to supporting them as centres of innovation that can attract not only Bank financing but also private investment and venture capital, Vice-President for Regional Development, Integration and Business Delivery, Nnenna Nwabufo, said. She was speaking at a symposium held Saturday 23 […]

Fintech

Winners Announced in the PalmPay & Glo Campaign

PalmPay, a leading digital banking platform, in partnership with Nigeria’s telecom giant, Glo, is celebrating winners in the ongoing PalmPay & Glo Recharge. The exciting campaign, which kicked off on June 19, 2025, will run until August 23, 2025, rewarding loyal customers with fantastic prizes and exclusive bonuses. Since the promo commenced, users have won […]

Business news

CBN Sets October 31 Deadline for Payment Companies to Comply with ISO 20022

The Central Bank of Nigeria (CBN) has issued a fresh directive mandating all participants in the country’s payment ecosystem to complete migration to the ISO 20022 messaging standard and implement mandatory geo-tagging of payment terminals by October 31, 2025. In a circular published on its official website on Tuesday, the apex bank reminded Deposit Money […]

Telecom

Airtel Nigeria Highlights Key Network Initiatives to Benefit from Doubled Investments

Airtel Nigeria has announced that its recently doubled investments will directly accelerate critical network initiatives including nationwide coverage expansion, capacity augmentation through spectrum acquisition, fibre rollout, and satellite partnerships with Starlink and OneWeb. Harmanpreet Dhillon, Chief Technology Officer, disclosed these initiatives during an appearance on NTA International’s and NTA News24’s Economy Watch programme, where he […]

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