CBN Hits Paystack With ₦250M Fine Over Zap: A Wake-Up Call for Fintechs?
In a bold regulatory move, the Central Bank of Nigeria (CBN) has fined Paystack ₦250 million ($190,000) over its new consumer-facing product,…
Moniepoint, OmniRetail, Paga, Flutterwave, & Lemfi Make This Year’s List of 2025 Endeavour Outliers
Endeavor, the global community for high-impact entrepreneurs, has announced its 2025 Endeavour Outliers, spotlighting the fastest-growing,…
After Serving Over 5 Million Nigerians, Bankly Gets Acquired by C-One Ventures
Nigerian fintech company Bankly has been acquired by C-One Ventures, an investment firm focused on technology and financial services in…
OmniRetail Raises $20M Series A to Expand B2B E-commerce in Africa
OmniRetail, a startup working to transform informal retail in Africa, has secured $20 million in a Series A equity funding round. Led by…
Miva Open University Launches New Lagos Study Centre to Empower Students
Miva Open University will open its first Lagos Study Centre, taking a major step toward transforming higher education in Nigeria. Located at…
MTN Cyber Breach: Customers’ Data Exposed, Urgent Warning Against Sharing PINs, Passwords, OTPs via Calls, SMS, or Email
MTN Group, Africa’s largest mobile network operator, has confirmed a cyberattack that exposed some customers’ personal information. Although…
Nigerian Government Alerts on Cyber-Slavery Targeting Youths for Online Crime
The Federal Government has sounded the alarm over the growing menace of cyber-slavery across parts of West Africa, warning that young…
What Two African Founders Had to Say About Michael Seibel’s Departure from YC
Michael Seibel’s departure from Y Combinator earlier this year marked a major moment, not just for YC as an organization, but for startup…
Esse Mobility Launches Nigeria’s First Solar-Powered Electric Vehicles
Serial entrepreneur Okey Esse has officially launched Esse Mobility, a solar-powered electric vehicle company designed to redefine the future…
Lagos App-Based Drivers to Shut Down Operations on May 1st Over Exploitation Practices
Thousands of app-based transport drivers in Lagos are planning a massive 24-hour shutdown on May 1, 2025, International Workers’ Day in…