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  • Nigeria’s Data-Driven Life: A Staggering ₦721 Billion Spent Every Month!

    Welcome to Follow the Money, our weekly deep dive into the revenue streams, business models, and expansion tactics shaping African fintechs and financial institutions. Tune...

    Life in Nigeria runs on data, and it now costs ₦721 billion monthly
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    Welcome to Follow the Money, our weekly deep dive into the revenue streams, business models, and expansion tactics shaping African fintechs and financial institutions. Tune in every Monday for fresh insights. In Nigeria, everyday life-from football matches and religious gatherings to binge-watching Nollywood films-is increasingly powered by internet data. This digital transformation, coupled with a...
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  • Social Media Buzz: 100K Passport Giveaway, #BBNaija’s Zita Takes on Past Winners, Man Utd Faces Fierce Trolling, and More!

    Welcome to this week’s social media digest, where the online crowd never fails to entertain. Think of these digital denizens as the perennial partygoers who...

    Man speaking at a microphone, wearing traditional attire.
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    Welcome to this week’s social media digest, where the online crowd never fails to entertain. Think of these digital denizens as the perennial partygoers who always bring a dash of unpredictability-simultaneously the spark and the life of the virtual gathering. This edition delivers a familiar blend: thought-provoking discussions that stimulate your mind, hilarious posts that...
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  • Paystack and FAAN Revolutionize Nigerian Airports with New Tap-to-Pay Card Payments!

    FAAN Introduces Contactless Payments at Airports Using Paystack’s NFC Technology The Federal Airports Authority of Nigeria (FAAN) has taken a significant step towards modernizing airport...

    Paystack and FAAN launch tap-to-pay card payments at Nigerian airports
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    FAAN Introduces Contactless Payments at Airports Using Paystack’s NFC Technology The Federal Airports Authority of Nigeria (FAAN) has taken a significant step towards modernizing airport transactions by implementing contactless payment solutions through Paystack’s NFC-enabled cards. This initiative is part of a larger movement aimed at eliminating cash handling at airport toll points, thereby enhancing operational...
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  • Nigeria Cracks Down: New Stricter VAT Rules Target Netflix, Spotify, and Foreign Digital Giants-What You Need to Know!

    Enhanced VAT Regulations on Digital Services in Nigeria: What You Need to Know Nigeria is intensifying its tax enforcement by introducing more rigorous Value Added...

    What you should know as Nigeria introduces stricter VAT rules for Netflix, Spotify and other foreign digital companies
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    Enhanced VAT Regulations on Digital Services in Nigeria: What You Need to Know Nigeria is intensifying its tax enforcement by introducing more rigorous Value Added Tax (VAT) regulations specifically targeting digital services offered by foreign entities. This move encompasses international streaming platforms, e-commerce sites, and cloud service providers, aiming to increase government revenue and create...
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  • Koolboks Secures $11M to Revolutionize Cooling for Africa’s Small Businesses

    In this edition of Techpoint Digest, we explore Koolboks’ recent $11 million funding milestone, delve into why electric vehicles remain a low priority for many...

    Koolboks raises $11M to cool Africa’s small businesses
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    Tech
    In this edition of Techpoint Digest, we explore Koolboks’ recent $11 million funding milestone, delve into why electric vehicles remain a low priority for many Ethiopians, and examine the Central Bank of Nigeria’s upcoming regulations targeting POS device security.
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  • How London’s New IPO Rules Could Launch Africa’s Next Global Giants

    In June 2019, Airtel Africa made a remarkable debut on the London Stock Exchange, raising close to $700 million and securing a spot in the...

    London’s new IPO rules could unlock Africa’s next global giants
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    Tech
    In June 2019, Airtel Africa made a remarkable debut on the London Stock Exchange, raising close to $700 million and securing a spot in the FTSE 100 within just two years. Shortly thereafter, Helios Towers followed suit with a $364 million initial public offering (IPO), joining the FTSE 250 in a mere two months. These...
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  • 11 African Countries Set to Transform Connectivity with New Broadband Mapping Initiative

    EU Commits $16 Million to Enhance Broadband Mapping in Africa As part of its ambitious Global Gateway initiative, the European Union is channeling $16 million...

    11 African countries to benefit from new broadband mapping initiative
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    EU Commits $16 Million to Enhance Broadband Mapping in Africa As part of its ambitious Global Gateway initiative, the European Union is channeling $16 million into comprehensive broadband mapping projects spanning 11 African nations. This strategic investment aims to bridge the digital divide by providing detailed insights into internet connectivity across the continent. Advancing Digital...
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  • Samsung and Tecno Dominate as Smartphone Sales Surge 3% Across Middle East and Africa

    Robust Growth in the Middle East and Africa Smartphone Market in Q2 2025 The smartphone industry across the Middle East and Africa (MEA) demonstrated notable...

    Samsung, Tecno lead as smartphone sales grow by 3% in Middle East and Africa
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    Robust Growth in the Middle East and Africa Smartphone Market in Q2 2025 The smartphone industry across the Middle East and Africa (MEA) demonstrated notable resilience in the second quarter of 2025, achieving a 3% increase in shipments compared to the same period last year, as revealed by Counterpoint’s Market Monitor report. This marks the...
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  • FBI Warns African Users: How to Spot and Avoid Blockchain Recovery Scams

    Understanding the FBI’s Alert on Blockchain Recovery Scams The Federal Bureau of Investigation has recently released a public service announcement highlighting a surge in fraudulent...

    FBI issues PSA on blockchain recovery scams — what African users should know
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    Tech
    Understanding the FBI’s Alert on Blockchain Recovery Scams The Federal Bureau of Investigation has recently released a public service announcement highlighting a surge in fraudulent schemes aimed at individuals who have suffered cryptocurrency theft. These scams, often referred to as blockchain recovery frauds, prey on victims hoping to reclaim lost digital assets. What Are Blockchain...
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  • Bosun Tijani’s Journey: Celebrating Two Years of Impact and Innovation

    Bosun Tijani, Nigeria’s Minister of Communications, Innovation, and Digital Economy, has marked his two-year anniversary by driving significant impact and innovation, transforming the country’s digital landscape through...

    Bosun Tijani’s 2 years
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    Tech
    Bosun Tijani, Nigeria’s Minister of Communications, Innovation, and Digital Economy, has marked his two-year anniversary by driving significant impact and innovation, transforming the country’s digital landscape through ambitious reforms, investments, and skill-building initiatives. Major Achievements Dr. Tijani’s tenure saw the rollout of Nigeria’s National AI Strategy, co-created with 120 experts, which earned global recognition as a pioneering...
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