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Fintech

Africa Fintech Revenues to Hit $65 billion by 2030

African fintech revenues are projected to expand 13-fold to approximately $65 billion by 2030, marking the continent as the world’s fastest-growing digital finance market. The “Beyond Payments: Unlocking Africa’s Second FinTech Wave ” report, released by Boston Consulting Group at the Inclusive FinTech Forum in Kigali, indicates the sector is shifting from transactional inclusion to […]

Fintech

FirstCap Closes N4.46BN LAPO MFB SPV Series 1 Bond, Deepens Access to Long Term Capital

FirstCap, an investment banking firm and subsidiary of FirstHoldCo Plc., has successfully closed the ₦4.46 billion Series 1 Bond Issuance by LAPO MFB SPV Plc, reinforcing its strong leadership in Nigeria’s debt capital markets and deepening access to long term funding for high impact sectors. Acting as Lead Issuing House, FirstCap structured the fund raising […]

Business news

NITDA Partners Galaxy Backbone to Subsidize Cloud Costs for Startups

The National Information Technology Development Agency (NITDA), through the Office for Nigerian Digital Innovation (ONDI), has entered into a strategic partnership with Galaxy Backbone Limited (GBB) Nigeria’s foremost ICT infrastructure and shared services provider to provide subsidised sovereign cloud services for startups in the iHatch programme. This collaboration is a critical step in Nigeria’s digital […]

Tech

NITDA Reaffirms Policy as Key Driver of Nigeria’s Digital Future

The Director‑General, National Information Technology Development Agency (NITDA), Kashifu Inuwa, has underscored the central role of policy as an enabler of Nigeria’s digital transformation. Speaking during a panel session at the IoT West Africa Conference on the theme “The Lagos‑Abuja Digital Corridor: Building Africa’s Next Data Centre and Cloud Hub”, the NITDA boss who was […]

News

Stakeholders Applaud NiRA’s Leadership in Strengthening Nigeria’s Internet Infrastructure

The Nigeria Internet Registration Association (NiRA) successfully convened its 18th Annual General Meeting (AGM), bringing together key stakeholders from across Nigeria’s internet, technology, and business ecosystem following the successful conclusion of its Annual General Meeting (AGM) held at Radisson Blu Hotel Ikeja. The meeting, marked by robust participation from members, policymakers, industry leaders, and civil […]

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Glo Commends Nigerian Workers on May Day

Digital solutions powerhouse, Globacom, has paid tribute to Nigerian workers, whose steadfast industry and enduring commitment continue to propel NIgeria’s march towards development. As the world observes the 2026 International Workers’ Day, the company acknowledged the indispensable role of labour as the unseen engine that keeps the machinery of national advancement in measured, purposeful motion. […]

Telecom

East Africa to Launch Joint Comms Satellite

East African nations are moving to launch a jointly owned regional communication and broadcasting satellite to curb dependence on external systems and ensure digital sovereignty. The project aims to provide low-cost broadband and secure internet access for government services, says William Gitau, cabinet secretary for the Ministry of Information, Communications and the Digital Economy in […]

Telecom

Court Order Ensures Access to Essential Airtime and Data Services for Millions Of Nigerians

The Federal High Court of Nigeria, Abuja Judicial Division, interim injunction on 24 April 2026 restraining MTN Nigeria Communications PLC and Airtel Networks Limited from suspending or interfering with Nairtime’s access to critical telecommunications platforms has helped to ensure access to essential airtime and data services for millions of Nigerians. The Order, issued in Suit […]

Fintech

Chika Nwosu, MD PalmPay Champions Embedded Finance as Key to Africa’s Digital Economy @ PAFON 3.0

Mr. Chika Nwosu, Managing Director, PalmPay delivered a compelling address on the transformative role of embedded finance in Africa, at the third edition of Payments Forum Nigeria (PAFON 3.0), held on Friday, April 24, 2026, in Lagos. Speaking on the theme “Embedded Finance in Africa: Powering Payments Where People Live, Work, and Trade”, Nwosu emphasized […]

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