Five years after Nigeria’s Central Bank (CBN) launched its Cash-less Nigeria project to reduce the amount of physical cash circulating in the economy, it is finally catching on.
Making online transactions is a process taken for granted as one of the natural offshoots of deeper internet penetration.
Three years ago, MallforAfrica joined the raft of Nigerian tech start-ups attracting private equity and venture capital backing.
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.
American eBay sellers will soon gain access to Africa’s biggest consumer markets.
While Uber continues its push into Africa the company is making allowances to local markets and testing unique service models users wouldn’t see in other parts of the globe.
Africa’s first billion-dollar tech IPO on a major exchange may be imminent.
Committed to solving payments for businesses and individuals, Paga has announced a partnership with technology company, Uber.
When Tayo Oviosu quit his job in the US technology sector to return to Nigeria in 2008, he was a man in search of an idea.
TPG Growth, the global middle market and growth equity platform of private equity firm TPG Capital, has announced the appointment of Yemi Lalude as Managing Partner of TPG Africa.
Despite its success in other parts of Africa, mobile money has not fully taken off in Nigeria, Africa’s largest economy.
Paga, Nigeria’s leading mobile payment company, announced this week the completion of a $13 million Series B financing led by Adlevo Capital.
President Barack Obama may be the most famous citizen of the United States traveling around Africa this week, but he’s not the only one.
In spite of seeming tensions in Nigeria, as its general election looms, renowned global investor and former Chairman of Goldman Sachs Asset Management, Dr. Jim O’Neill, has advised investors not to be distracted, insisting that Nigeria has a lot of exciting investment opportunities.
At 170 million people including a growing middle class and a giant youth market, Nigeria contains Africa’s largest population.
Tayo Oviosu’s mobile payment service, Paga launched in Nigeria in April 2009, about 5 years ago.
Kenyan financial services heavyweight Equity Bank is planning to roll out mobile banking services in July, using innovative paper-thin SIM technology.