After over a decade of stagnant telecom end user tariff regime, the Federal Government, yesterday gave an indication that indeed, there will be a review, but not the 100per cent pushed for the mobile network operators (MNOs), themorningstar.com.ng reports on the implications of the development. For most part of last year, the push for an…
Start-ups in Nigeria, Kenya, South Africa and others on the continent raised $2.2 billion last year in equity, debt and grants (exc. exits), according to latest data compiled by Africa: The Big Deal. While this is a good amount in absolute terms, it represents a -25per cent drop when compared to the $2.9billion that were…
An estimated 2.6 billion people in Nigeria and other parts of the world are currently offline accounting for 32 per cent of the world’s population. This is down from the newly revised estimate of 2.8 billion for 2023, which represents 35 per cent of the population, according to new figures from the International Telecommunication Union…
Facebook’s parent company, Meta, has reiterated its commitment to drive foster innovation, promote digital literacy and empower young Nigerians with the tools and opportunities to realise their potential and contribute to Nigeria’s growing digital economy. Meta gave the commitment during its first Youth Summit in Lagos, a forum that brought together over 200 young professionals,…
A leading online platform for African language learning, Lingawa, has successfully closed a $1.1 million pre-seed funding round that coincides with the company’s rebranding from TopSet to Lingawa, signaling its expanded mission to connect global audiences with the richness of African culture and heritage. The funding round attracted notable investors, including Zrosk, WEAV Capital, Kaleo…
The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani has promised government support for indigenous technology companies, through collaboration. The minister gave the promise in Lagos during his visit to Imose Technologies smartphone/tablet assembly factory. Satisfied with his on-the-spot assessment of the factory, Tijani said the assessment of Imose Technologies factory, would enable…
Nigeria based fintech Moniepoint has raised $110 million in new funding from investors including Google to scale up digital payments and banking solutions across Africa, the company has said. Sources close to the transaction said the new funding valued Moniepoint above $1 billion, giving it “unicorn” status – a term for privately-owned business valued at…
Nigeria’s Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, said the World Bank has provided a significant boost to Nigeria’s efforts to deploy 90,000 km of fibre across the country. The minister confirmed this in a post to his X account. While the specifics of the support—whether financial or otherwise—were not released, Tijani previously…
