-
2 days 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.
-
1 week 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.
-
1 week 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 .
-
2 weeks 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.
-
1 month ago | 
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.
-
1 month ago | 
techcabal.com | Ganiu Oloruntade |Frank Eleanya
This article was contributed to TechCabal by Maya Horgan FamoduAfrica stands at a pivotal moment in its economic and political evolution, with movements like Pan-Africanism driving unity and self-determination across the continent. Initiatives such as the African Continental Free Trade Area (AfCFTA) aim to boost intra-African trade, while the National Infrastructure Backbone (NIBBs) seeks to enhance continental connectivity through robust infrastructure.
-
1 month ago | 
techcabal.com | Frank Eleanya |John Dare Okafor |Ganiu Oloruntade |Kenn Abuya
MTN Nigeria, the country’s largest mobile network operator, is building its new headquarters in Eko Atlantic, joining a growing list of large firms relocating to the 10-square-kilometer city, including First Bank and Dangote Group. The United States Embassy is also developing a new diplomatic facility in Eko Atlantic, drawn by its promise of high-end infrastructure, modern office spaces, and a well-planned city layout.
-
1 month ago | 
techcabal.com | John Dare Okafor |Frank Eleanya |Ganiu Oloruntade |Kenn Abuya
The cost of making Nigeria’s staple stew has more than doubled in Lagos within a year, highlighting the deepening cost-of-living crisis in Africa’s most populous nation. According to the PricePally 2024 Stew Index Report, preparing a pot of beef stew now costs ₦17,817—soaring by 121.05% from ₦8,060 in 2023—as households grapple with surging food prices and inflation. Between 2023 and 2024, the cost of stew ingredients surged dramatically.
-
1 month ago | 
techcabal.com | Frank Eleanya |Ganiu Oloruntade |Kenn Abuya
Since October 2024, Nigerian customers seeking to subscribe to Starlink have been unable to purchase kits directly from the SpaceX-owned satellite internet provider, forcing them to rely on third-party retailers. The halt in direct sales, which Starlink says was due to overcapacity, comes as the company, which has rapidly expanded its footprint in Nigeria, faces regulatory challenges and capacity constraints.
-
1 month ago | 
techcabal.com | Ganiu Oloruntade |Faith Omoniyi |Kenn Abuya |Bunmi Bailey
LOTUS Bank, a non-interest commercial bank, has partnered with Inter Lagos FC, a Nigerian National League (NNL) club, to provide critical financial support to strengthen its domestic and international ambitions. The move, its second in three years, highlights a growing trend among banks leveraging sports sponsorships to expand their brand influence and community engagement. “Football, like most sports, is a powerful tool for youth engagement, economic opportunity, and social cohesion.
