Over the last five years, we have become synonymous with Bitcoin and crypto trading. We have been at the forefront of crypto adoption in Africa, and despite governmental and environmental challenges that have tested our efforts to drive adoption in Nigeria and Africa, we have remained resolute. Our efforts did not go unnoticed, as we …
Traditionally, food, clothing, air, and shelter are recognized as the fundamental necessities of life. However, with the overwhelming advancement in technology that we are experiencing, we might consider adding mobile phones to the list. While it may not sustain life itself, it has undeniably become an indispensable tool with which we navigate our everyday lives. …
In the African continent, the cryptocurrency landscape is seeing rapid growth and capturing the attention of entrepreneurs, investors, and policymakers. Africa is home to over 1.3 billion people spread across 54 diverse nations which presents a unique opportunity for the adoption and implementation of trading technology solutions. One of the driving forces behind the increasing …
When Olugbenga “GB” Agboola founded Flutterwave, his goal was simple: He wanted to provide businesses in Africa with a way to utilize modern financial systems. But what ended up happening went far beyond what he envisioned. Born in Nigeria and educated at the MIT Sloan School of Management in Massachusetts, Olugbenga Agboola knew a few …
Financial Sector Deepening (FSD) Kenya and the Financial Access Initiative (FAI) research centre of New York University, today presented the results of the Kenya Small Firm Diaries (SFD) study in Nairobi. The Small Firm Diaries is a global research project being conducted between 2021 to 2023 in seven countries: Kenya, Nigeria, Uganda, Ethiopia, Indonesia, Fiji and Colombia. The …
TECNO, a global innovative technology brand, has recently unveiled its latest material innovation in smartphone design – the “Magic Skin” in Africa. This innovative material promises to revolutionise phone backs by offering a combination of skin-friendly properties, stylish design, and easy cleaning capabilities. The company stated that it plans to integrate this material into its …
President Bola Tinubu has highlighted the need for a unified exchange rate and a reduction in interest rates to drive up investment in the country. Tinubu, in his inaugural speech on Monday, said the Central Bank of Nigeria (CBN) must work towards a unified exchange rate. “This will direct funds away from arbitrage into meaningful …
Bola Tinubu will on Monday be inaugurated as Nigeria’s new president, inheriting a bulging in-tray that includes fixing a stagnant economy and tackling the insecurity that blights Africa’s most populous country. Tinubu takes the reins from Muhammadu Buhari, whose eight years in office are generally viewed as having left Nigeria less secure and poorer than …
CBN bows to the Supreme Court’s order After six long weeks of naira swap tussle, the Central Bank of Nigeria (CBN) finally bows to the Supreme Court’s order to extend the deadline for the use of old naira notes to December 31, 2023. Nigerian residents can now do business with the old banknotes of N1,000, …
A growing number of Nigerian big banks are making inroads into the financial technology space, putting the valuation of fintech firms in the country under the spotlight. Around 2017, when fintech companies were seen as major disruptors in financial services, it was almost a given they will end the reign of the traditional banks. But …