Folake Balogun

1 week ago | businessday.ng | Folake Balogun

Onafriq, a payments gateway, and Circle, a stablecoin market leader and issuer of USDC, have announced a partnership to transform cross-border payments and digital financial services. This collaboration marks a step towards compliantly leveraging stablecoins and blockchain infrastructure to boost Onafriq’s payment network.

2 weeks ago | businessday.ng | Folake Balogun

Nigeria has gained the title of Africa’s fastest-growing Web3 developer hub as it contributed four percent of all global new Web3 developers, the highest from any country in Africa. This was according to Hashed Emergent, a venture capital firm accelerating web3 adoption in Africa and other emerging markets, in its recently released ‘Nigeria Web3 Landscape’ report. “Nigeria contributed 4 percent of all global new Web3 developers—the highest from any country in Africa,” the report said.

2 weeks ago | businessday.ng | Folake Balogun

The Nigeria eGovernment Summit 2025 is set to proffer digital solutions that will enhance governance through public-private partnerships. The summit is oganised by DigiServe Networks Services, in partnerships with the Association of Telecoms Companies of Nigeria (ATCON), Federal Inland Revenue Service (FIRS) and the Nigerian Communications Commission (NCC). Convener of the Nigeria eGovernment Summit, Lanre Ajayi, said, “Nigerian citizens deserve good governance to better their lives.

2 weeks ago | businessday.ng | Folake Balogun

Bolt has officially launched its electric tricycles in Lagos in a bid to expand low-cost urban transport. This move is also aimed at empowering Nigerian drivers through lower operational costs and more accessible paths to vehicle ownership, the firm stated.

2 weeks ago | businessday.ng | Folake Balogun

Most debit cards in Nigeria are contactless-enabled, but trust issues and lack of awareness continue to hold back the adoption of over 70 million of such cards. This was the central theme of conversations at BusinessDay’s Future of Payment Conference 2025. Visa, Verve, and Mastercard dominate Nigeria’s debit card market. In 2024, Verve said it had issued 70 million cards in the country.