Market Updates

NIGERIA | Lidya, FinTech player, land $1.25m to explore SME stakes

Lidya, a fintech platform based in Nigeria, says it has closed a US$1.25 million seed funding round to further its mission of easing access to finance for small and medium enterprises (SMEs) in the country. The round was led by Accion Venture Lab, the seed-stage investment initiative of financial inclusion leader Accion, which invests capital in, and provides […]

IoT | Internet of Things market heads for $185.9b by 2023

NIGERIA | Govt to fix mobile phone call rates

The Federal Government is reviewing termination rates among mobile network operators (MNOs), a move that will affect call rates paid by mobile phone consumers in Nigeria. The Nigerian Communications Commission (NCC) says the planned review of mobile interconnection rates among MNOs is being considered following a study by consulting company, PriceWaterhouseCoopers, and will re-position “the […]

President stops ‘takeover’ of NITDA, NIGCOMSAT, Galaxy Backbone

Phone or Tab? | Tecno PhonePad 3 phablet ‘arrives Nigeria’

ecno says it has launched its premium Tecno PhonePad 3 phablet in Lagos under fresh Nigerian consumer tech market expansion plans by the Chinese phone maker. According to the device maker, the Tecno PhonePad 3 phablet is made for the business elite to facilitate business communications and productivity for its users on-the-go. Equipped with a 13MP […]

President stops ‘takeover’ of NITDA, NIGCOMSAT, Galaxy Backbone

TheCable of Nigeria lands MacArthur Foundation grants

heCable, Nigeria’s fast-growing online newspaper, has received a grant from The John D. and Catherine T. MacArthur Foundation to advance investigative journalism in the country. Simon Kolawole, CEO of TheCable, had early this month announced that TheCable’s partner, Cable Newspaper Journalism Foundation (CNJF), won a three-year grant from the John D. and Catherine T. MacArthur Foundation […]

President stops ‘takeover’ of NITDA, NIGCOMSAT, Galaxy Backbone

MainOne CEO asks Nigerian businesses to ‘disrupt’

Funke Opeke, CEO of MainOne, has asked Nigerian businesses to embrace disruptive technology to weather the nation’s economic downturn. The MainOne CEO said this in Lagos when the tech company, for the first time in Nigeria, showcased Microsoft HoloLens, the world’s first self-contained holographic computer running Windows 10 at MainOne’s Nerds Unite 2017 event. Opeke also said the […]

President stops ‘takeover’ of NITDA, NIGCOMSAT, Galaxy Backbone