Nigeria News

Christina Sass, Co-Founder & COO, Andela

Andela to invest in its graduates’ startups

Andela, a company working to bring the top 1% of African tech talent to engineering teams in need of capable, skilled developers, will eventually invest in the startups from those who complete its four-year program.

ToLet.com Co-Founders (L-R): Sulaiman Balogun, Fikayo Ogundipe, Dapo Eludire and Seyi Ayeni

Nigeria's ToLet.com.ng raises $1.2M from Frontier Digital Ventures

Lagos-based real estate classifieds startup ToLet.com.ng announced on Tuesday that it has closed a $1.2 million series A funding round from Frontier Digital Ventures.

Africa's richest man Aliko Dangote plans to buy Arsenal in four years.

Africa's richest man Aliko Dangote plans to buy Arsenal in four years (Video)

Aliko Dangote, Africa’s richest man, plans to buy London-based Arsenal soccer team within four years.

Green White Green (Movie)

Nollywood: Nigeria stands out at the Toronto International Film Festival

Nigerian filmmakers, producers and actors are hoping a spotlight on Lagos at this year’s Toronto International Film Festival (TIFF) will open Nollywood up to the world.

An Instagram post showed girls protesting against hair rules at the Pretoria school.

Were South African school hair rules racist? Maybe not.

As I followed the recent protests at a South African girls’ school where students insisted on being allowed to wear afro hairdos to school, I recalled my own days as a student in what used to be one of Nigeria’s most prestigious boarding schools for girls.

Visa launches mobile money service mVisa to rival Safaricom's M-PESA

Visa launches mobile money service mVisa to rival Safaricom's M-PESA

Visa Inc., the world’s largest payments network, introduced a mobile-phone application to enable cashless transactions in Kenya, where the majority of wireless payments are being done through the nation’s biggest telecommunications company, Safaricom Ltd.

Volkswagen Polo Vivo

Volkswagen expands Africa strategy with Kenya car assembly plant

Volkswagen continues to drive forward with the regionalization of the global automotive business. The brand is planning to start production of the Polo Vivo in Kenya at the end of 2016.

Chidi Mokeme (L) and Ramsey Nouah, in the Izu Ojukwu-directed movie '76

Nigeria's Nollywood showcases its massive potential at Toronto Film Festival (Video)

At times it feels like Nollywood has been around forever, such has been the Nigerian movie business’ impact on pan-African pop cultures and awareness around the world—and in Nigeria itself.

Abidjan, Ivory Coast

Ivory Coast: Tech Hub on the Rise

Following years of political turmoil, Côte d’Ivoire is growing quickly and attracting investment. Now, the government is trying to position the country as west Africa’s technology and start-up hub.

7 Reasons to Be Bullish on MTN Group

MTN Nigeria said to target $1 billion in Nigerian Stock Exchange IPO

MTN Group Ltd., Africa’s biggest wireless operator by sales, and minority shareholders in its Nigerian business are seeking to raise about $1 billion in an initial public offering.

IrokoX

iROKO launches IrokoX online portal to showcase Africa's creative talent

Africa’s artists have a new online stage to showcase their talent. Nigeria based digital entertainment startup Iroko has launched IrokoX, a multi-platform Pan-African network for filmmakers, musicians, and other creative aspirants to produce, distribute, and monetize short-form content.

Wizkid: The Nigerian artist is set to sign the biggest record deal ever by an African artist

Wizkid is set to sign the biggest record deal ever by an African artist

Wizkid has pretty much cemented his place as top dog on the scene. The Nigerian star’s adding another notch on his belt with these new reports that he’ll be signing a multi-million dollar deal with a major record label imminently.

Ivory Coast’s Yaya Toure reportedly earns in excess of $300,000 per week at Manchester City.

These are Africa's highest-paid footballers (Video)

The football season in Europe has started with a bang. Premier League clubs spent over a billion dollars in the summer transfer window, with 13 clubs breaking their spending records.

Four Points by Sheraton Lagos Nigeria

Starwood Hotels ramps up Nigeria portfolio with new Four Points in Benin City

Accelerating growth in emerging markets across the globe, Starwood Hotels & Resorts Worldwide, Inc. recently announced the signing of Four Points Benin City, Nigeria.

The Wedding Party (Movie)

Check out the 8 Nollywood movies taking this year's Toronto International Film Festival by storm (Photos & Videos)

“Lagos is entirely unique,” said Cameron Bailey the programme curator in a statement. “The city of Fela Kuti’s music has also given birth to one of the world’s most vibrant film industries.

Nigeria's Startups Get Boost from Buhari, Zuckerberg

Nigeria's Startups Get Boost from Buhari, Zuckerberg

Nigeria has a growing technology scene full of ambitious young entrepreneurs who are seeking out solutions to various social challenges.

Aliko Dangote, Chairman, Dangote Group

Africa's richest man Aliko Dangote to invest $170M in rice & sugar production in Nigeria

Aliko Dangote, Africa’s richest man, has announced that he will invest more than $170 million in the production of rice and sugarcane in Nasarawa state, north-central Nigeria.

Waves of change - Insurance opportunities in Sub-Saharan Africa - 2016

How insurance is transforming a rapidly growing Sub-Saharan Africa: EY (Infographic, Video & Report)

Sub-Saharan Africa is a diverse region that presents risks, challenges and opportunities for the insurance industry. No “one-size-fits-all” approach is likely to succeed across individual markets and countries.

The images of Igbo before: An interview with Chiadikobi Nwaubani, Founder of Ukpuru

The images of Igbo before: An interview with Chiadikobi Nwaubani, Founder of Ukpuru

Culture is always evolving and changing. Like Chimamanda Adichie said, “Culture does not make people, people make culture.”

Mark Zuckerberg's trips to Nigeria and Kenya track tech's growing interests on the continent

Mark Zuckerberg's trips to Nigeria and Kenya track tech's growing interests on the continent

After a surprise Nigeria visit to meet with techies in Lagos, Mark Zuckerberg took his Africa tour to Kenya this Thursday.

Real GDP Growth Rates (2007 - 2017) of Countries in Africa (Interactive Map & Chart)

Real GDP Growth Rates (2007 - 2017) of Countries in Africa (Interactive Map & Chart)

Visualizations of Real GDP Growth Rates of Countries in Africa (Interactive Map & Chart) from 2007 – 2017.

Mark Zuckerberg has made a surprise visit to Nairobi to learn about mobile money

Mark Zuckerberg has made a surprise visit to Nairobi to learn about mobile money

On his surprise tour of tech hubs in Africa, Mark Zuckerberg has made a pit stop in Nairobi.

It looks like Mark Zuckerberg is having a blast in Nigeria

It looks like Mark Zuckerberg is having a blast in Nigeria

Facebook CEO Mark Zuckerberg is currently visiting Lagos, Nigeria for his first trip to Sub-Saharan Africa.

Tony Elumelu, Chairman of Heirs Holdings & UBA

Nigeria has officially entered a recession + Interview with UBA Chairman Tony Elumelu (Video)

Nigeria’s economy has officially entered a recession. The latest growth figures shows the economy shrunk by 2.06% between April and June.

Juliet Anammah, CEO, Jumia Nigeria

How e-commerce can lift Nigeria's economy: Juliet Anammah, CEO, Jumia Nigeria

Juliet Anammah, Jumia’s CEO, Nigeria‘s leading online shopping platform, cut her teeth in corporate management at May & Baker Plc where she worked for eight years. Her experience in strategic management at Accenture equally molded her for the challenging task of ensuring that Jumia succeeds in Nigeria.

Zuckerberg's visit is a validation for betting big on Nigeria's tech industry

Zuckerberg's visit is a validation for betting big on Nigeria's tech industry (Video)

Facebook Founder, Mark Zuckerberg, has had a busy time, so far, in Lagos. He visited the Co-Creation Hub (Cc Hub), Nigeria’s leading technology incubator-turned-accelerator in Lagos’ Yaba neighborhood, a Silicon Valley-style ground zero.

Facebook's Mark Zuckerberg visits Nigeria in African knowledge quest

Facebook's Mark Zuckerberg visits Nigeria in African knowledge quest

Facebook founder and CEO Mark Zuckerberg is currently on a business trip to Africa, according to his Facebook page. Zuckerberg stopped over in Nigeria, Facebook‘s largest African market, to learn more about the country’s development and startup scene.

Paga agent: Mobile money is catching on. Credit: qz.com

Nigerians are finally using mobile money services

It took a while to catch on but Nigerians are finally using mobile money. Over the past decade, financial institutions and telecoms operators, sometimes in collaboration, as well as standalone firms have tried to deploy mobile money services in Africa’s largest economy with mixed success.

Jason Njoku, Founder & CEO, iROKOtv

Disruptive technology is all about timing: Jason Njoku, Founder & CEO, iROKOtv

I’ve lived back in Nigeria for six years now, fully entrenched in the ways, means and cultural idiosyncrasies of doing business in Africa’s largest economy. Or so I thought …

World Scrabble champion Wellington Jighere, 33, (right) is one of Nigeria's many masters. His strategy: "When you are expecting me to do the traditional thing, I will just choose to do something that is uncharacteristic."

Fact of the Day: Nigeria is the number one scrabble nation in the world (Audio)

Nigeria is the English-speaking world’s Scrabble superpower. Africa’s most populous nation is home not only to the global Scrabble champion, but team Nigeria ranks as the world’s top Scrabble playing nation — ahead of the U.S. in second place.

Here are the top 10 Sub-Saharan African cities for consumer spending growth (Infographic)

Here are the top 10 Sub-Saharan African cities for consumer spending growth (Infographic)

An extensive overview of 24 first- and second-tier cities in Cameroon, Kenya, Nigeria and South Africa in a recently published white paper reveals particularly dynamic growth shifting from the region’s mature consumer markets in South African metropolises to the urban areas in other Sub-Saharan countries.

iHub, Nairobi, Kenya

A few things we learned about tech hubs in Africa: GSMA (Infographic)

The last mapping exercise done by the World Bank in September 2015 listed less than 120 tech hubs in Africa. As of July 2016, GSMA’s research suggests there are 314 active tech hubs in Africa.

Diane Radley, Old Mutual Investment Group

Why Old Mutual is investing millions in Nigeria's property and agriculture markets

This month, South African financial services firm Old Mutual Investment Group announced a partnership with Nigeria’s sovereign wealth fund for the investment of US$700m in real estate and agriculture.

Tech companies help foster the startup ecosystem in Africa. Credit: Reuters/Thomas Mukoya/qz.com

Half of the tech hubs in Africa are located in South Africa, Kenya, Nigeria, Egypt and Morocco

A total of 314 tech hubs and incubation centers was recorded in July by the global telecoms industry body GSMA’s Ecosystem Accelerator, a program that works to enable partnerships between operators and developers on the continent.

Davido: “Most music that comes out these days has our elements already in it, so why wouldn’t the people love African music?” (Tom Oxley/Washington Post)

Is this the year that African music will conquer the United States?

Whether it’s through hip-hop, R&B, Top 40 radio or Internet memes, Drake is a ubiquitous presence on our cultural landscape. Yet for all of his inescapable hits in the past few years, it was only in May that Drake finally topped the Billboard charts.

South Africa Leapfrogs Nigeria: Back to No. 1 spot in Africa on currency fluctuations. Credit: Bloomberg/IMF

South Africa's economy regains rank as Africa's biggest on rand appreciation (Infographic)

South Africa’s economy regained the position of Africa’s largest in dollar terms more than two years after losing it to Nigeria as the value of the nations’ currencies moved in opposite directions.

Nigerian biscuit maker Beloxxi lures $80M private equity investment

Nigerian biscuit maker Beloxxi lures $80M private equity investment

Nigeria’s snacks industry has attracted the interest of a private equity firm founded by Sir Bob Geldof in a boost for Africa’s biggest economy.

BON Hotel Addis Ababa

BON Hotels extends its footprint into Ethiopia

BON Hotels, a hospitality company that owns, manages and markets hotels throughout Africa, has added yet another property to its ever-growing stable.

Agbogidi Obi James Ikechukwu Anyasi II

Kingdoms, thrones and crowns: Inside the lives of Nigeria's monarchs (Photos)

The country’s traditional rulers were stripped of their constitutional power in 1963, but their descendants still serve as the local custodians of law and order.

African Street Style. Credit: Twitter/‏@THECAROLDANVERS

Video: How many people use social media in Africa?

In 2014, 100 million people were using Facebook each month across Africa, over 80% via mobile. That figure has now jumped to over 120 million.

Iyinoluwa Aboyeji, Co-Founder, Andela. Credit: thescoopng.com

Andela Co-Founder Iyinoluwa Aboyeji is leaving to start payments company Flutterwave

Just eight weeks after raising $24 million in a funding round led by Mark Zuckerberg’s foundation, Andela, one of Nigeria’s best-known startups, is saying goodbye to its co-founder Iyinoluwa ‘E’ Aboyeji.

TV and Media in Nigeria - How changing consumer needs are creating a new media landscape: Ericsson

TV and Media in Nigeria - How changing consumer needs are creating a new media landscape: Ericsson (Report)

Increasing ownership of digital devices is prompting Nigerians to explore new modes of content consumption. They want freedom and flexibility and this is manifested in the popularity of digital media and online content.