FinTech

Flutterwave Secures Five-Year Microsoft Technology Deal to Enhance Payment Infrastructure

Nigeria-founded Flutterwave has secured a five-year technology agreement with Microsoft, and the fintech is already building its next-generation platform on Microsoft Azure. This agreement, the company said, is to support and secure Flutterwave payments infrastructure as it prepares to roll out new products. Flutterwave said the backing of Microsoft will enable the two parties to […]

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News

Losses from Online Payment Fraud to Exceed $362bn in Five Years as eCommerce Grows in Emerging Markets

Merchant losses from online payment fraud will exceed $362 billion globally between 2023 to 2028, with losses of $91 billion alone in 2028. A rise in eCommerce transactions in emerging markets is driving this growth. Merchants there are facing new threats, such as an increased use of AI for attacks. According to Juniper Research, online […]

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Business

Nigeria’s Apex Bank Mandates Financial Institutions to Obtain Customers’ Social Media Handles

Financial institutions have been mandated by the Central Bank of Nigeria (CBN) to obtain the social media handles of customers for the purpose of identification. It also asked financial institutions to obtain e-mail addresses, telephone numbers, and residential addresses, among other things, from customers. This is contained in the new CBN customer due diligence regulations […]

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News

MTN Nigeria Partners FlyKite Productions to Launch Naija Super 8 Tournament

MTN Nigeria and Flykite Productions have announced the 12 clubs that will participate in the inaugural edition of the NAIJA Super 8 off-season club football tournament. With two teams from each of the country’s six geopolitical zones, these clubs will compete in zonal playoffs, mentored by a former Nigerian international. The top six teams will […]

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Business

Dangote’s $19bn Petrochemicals Plant Earns Aliko Dangote Afreximbank Award

President of Dangote Group, Aliko Dangote was on Monday night recognized and given the “Founder of the Year 2023” award by the African Export-Import Bank (Afreximbank) at an award ceremony held by the bank in in Accra, Ghana. The award was given to Dangote because of his newly opened $19bn petrochemicals plant, which is now […]

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News

JUST IN: Danbatta Directs Telecoms Operators to Secure Platform Against E-Fraud Activities

The Nigerian Communications Commission(NCC) has directed telecommunications operators to secure their network against the activities cybercrooks whose activities are currently creating lack of confidence by the consumers. The Executive Vice Chairman of the NCC, Prof Umar Danbatta who gave the directive today in Lagos, South West, Nigeria lamented that Nigerians are losing their hard-earned money […]

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Technology

Over 68% of Gen Z in Nigeria Favour Virtual & Digital Space But Online Risks Worry 65% of Parents

The first global study to measure Gen Z’s attitudes towards web3 found that almost 7 in 10 Nigerian Gen Z-ers wanted their schools to teach them more about the virtual and digital environments in which many find themselves when not in class. The study, conducted by New York-based Boss Beauties and released today, is the […]

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Technology

JUST IN: Bill Gates in Lagos, Meets Innovators, Says AI Will Impact Education & Learning

Bill Gates is optimistic that artificial intelligence will have a positive impact on education in a way that makes learning simpler for students and educators. “As a motivated student myself, I loved to learn things. The Internet has had things like Wikipedia and YouTube and so many amazing resources,” Gates said on Wednesday at an […]

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Technology

Datacentrix Earns Cloudflare EMEA Partner of Year Award

Datacentrix, a leading hybrid IT systems integrator and managed services provider, has been named as ‘Partner of the Year’ for the Europe, Middle East and African region (EMEA) by Cloudflare, the security, performance and reliability company, at its recent worldwide 2022 Channel Partner Awards event. The company also received the individual award for Technical Excellence […]

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FinTech

Regulatory Crisis Looms for Fintech Innovation and Healthy Industry

Between 2020 and 2021, the number of tech start-ups in Africa tripled to around 5,200 companies. Just under half of them were fintechs, making it the fastest-growing start-up industry in Africa. Their success is due to several trends such as the digital boom during the pandemic and increasing smartphone ownership and internet coverage, as well […]

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