Ganiu Oloruntade

Lagos

Journalist at Freelance

News Editor at TechCabal

Senior Editor, @TechCabal. Reach me: [email protected]

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Articles

Green Flare turns Nigeria’s waste gas into crypto mining power

3 weeks ago | techcabal.com | Ganiu Oloruntade

In Nigeria’s oil-rich Delta region, a new startup is turning a decades-old environmental problem into a digital opportunity. Green Flare Holdings, a climate-tech infrastructure company, will convert flares—gas emissions from oil fields usually burned into the atmosphere—into electricity for data centers. The plan? Start with Bitcoin mining, and scale to powering artificial intelligence (AI) and high-performance compute.
Why Glovo thinks Nigeria is its biggest African bet yet

1 month ago | techcabal.com | Ganiu Oloruntade

After exiting Ghana in 2024, citing profitability issues, Glovo is placing its next big bet on Nigeria. The country now represents the food delivery giant’s most promising growth market in Africa, as it shifts focus to regions showing stronger traction. When Glovo launched in Morocco in 2018, its first African market, the goal was simple: test the waters and move fast if things clicked. It did, and by 2019, the Spanish food delivery giant began rapidly expanding into new African cities.
Chocolate City Music CEO on AI, virality, and the future of music

1 month ago | techcabal.com | Ganiu Oloruntade

For Abuchi Peter Ugwu, CEO of Chocolate City Music, one of the country’s most influential music labels, the biggest shift in Nigerian music over the last decade isn’t just the sound, it’s the technology. From the era of hawking CDs in Alaba to tracking TikTok spikes and Spotify data, the business of music is now deeply shaped by tech. “Technology changed everything,” Ugwu told TechCabal in an interview.
CBN fines Paystack ₦250 Million over Zap operations

1 month ago | techcabal.com | Ganiu Oloruntade

Nigeria’s Central Bank has fined Paystack, one of the country’s most prominent fintech companies, ₦250 million ($190,000) for allegedly operating its newly launched consumer product, Zap by Paystack, as a wallet in violation of its regulatory licence, according to one person with direct knowledge of the matter.
Coronation Wealth wants the average Nigerian to invest in the capital markets

2 months ago | techcabal.com | Ganiu Oloruntade

Coronation Wealth, the investment and wealth management subsidiary of Coronation Group, is making a long-term play to turn millions of Nigerians into first-time investors, most of whom have never bought a single stock. Launched in April 2024, the company is tackling one of the country’s most persistent financial challenges: a deep lack of participation in formal capital markets.
Why Visa is banking on contactless payments for its next growth wave in Africa

2 months ago | techcabal.com | Ganiu Oloruntade

Global payments giant Visa is doubling down on contactless payments across Africa as part of a broader strategy to expand its relevance in markets where traditional card usage is still limited.
Nigeria is banking on AI, cybersecurity to lead Africa’s digital future

2 months ago | techcabal.com | Ganiu Oloruntade |Kenn Abuya |Bunmi Bailey |Muktar Oladunmade

Nigeria’s tech ambitions were on full display this week at GITEX Africa in Morocco, where the National Information Technology Development Agency (NITDA) pitched to the international audience a future shaped by artificial intelligence in Nigeria and cybersecurity, two pillars it hopes will define the country’s next phase of digital transformation.
Nigeria's inflation accelerates to 24.4% in March

2 months ago | techcabal.com | Faith Omoniyi |Kenn Abuya |Ganiu Oloruntade

Nigeria’s inflation accelerated in March, reversing the temporary relief seen in February, as festive spending during Eid al-Fitr, and renewed currency depreciation lifted prices across the board. Headline inflation rose to 24.2%, according to the National Bureau of Statistics (NBS), up from .
How Nigerian university students are using AI

2 months ago | techcabal.com | Faith Omoniyi |Hannatu Asheolge |Kenn Abuya |Ganiu Oloruntade

If you ask any Nigerian university lecturer today, they’ll likely say the same thing: students use AI for everything—assignments, class discussions, even job applications. But maybe, just maybe, AI isn’t the enemy. At least, that’s what some students at Covenant University (CU) think.
UBA lost ₦1.14 billion to fraud in 2024 amid record profits

Mar 25, 2025 | techcabal.com | Ganiu Oloruntade

United Bank for Africa (UBA) lost ₦1.14 billion ($744,200) to fraud in 2024, even as the Nigerian lender reported a profit after tax of ₦766.6 billion ($493 million), according to its latest audited financial statements. The losses, primarily from electronic fraud and unauthorised transfers, highlight the ongoing battle Nigerian banks face against rising fraud.