Nigeria
Tech news from Nigeria, in English
54 stories this week from 1 outlet in Nigeria.
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Nigeria turns to hybrid cloud infrastructure for its postcode database
TechCabal (Africa)
Tech Market & VC
When Nigeria’s National Digital Addressing System (NDAPS) launched on October 1, it promised to replace informal, landmark-based navigation with precise 11-character alphanumeric codes. The system is designed to improve e-commerce…
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👨🏿🚀TechCabal Daily – ‘Too much Access’
TechCabal (Africa)
Tech Market & VC
In partnership with Lire en Français اقرأ هذا باللغة العربية Good morning. The biggest news in global tech is not about artificial intelligence (sorry, Anthropic, your IPO plans are exciting), but a very human affair. And, as it turns out…
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Yoco secures $100 million credit to fuel its merchant lending expansion
TechCabal (Africa)
Tech Market & VC
Yoco, a South African fintech, has secured a $100 million credit facility from US investment firm Victory Park Capital to expand its small-business cash advances operation and take greater control of the financing offered through its…
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This tech firm built the geospatial infrastructure behind Nigeria’s door-level address system
TechCabal (Africa)
Tech Market & VC
For years, finding an address across much of Nigeria has depended far less on a number than on a description. A visitor might be directed to a street, told to look for a distinctive building, instructed to turn at a familiar shop, or…
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How Kuramo wants to train Nigeria’s next generation of SME fund managers
TechCabal (Africa)
Tech Market & VC
The Wholesale Impact Investment Fund (WIIF), a naira-denominated vehicle targeting $1 billion for Nigerian small businesses, has begun training the fund managers it may eventually back. On October 30, the Kuramo Foundation for Sustainable…
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Money Fellows took an old savings habit and built a business the hard way
TechCabal (Africa)
Tech Market & VC
The global tech industry likes an old habit best when it can kill it. Cash is going. Brick-and-mortar branches are finished. The informal economy is waiting to be formalised, and all it takes is a platform and a convincing pitch. That was…
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Afreximbank’s fresh $118m creative bet needs open borders to pay off
TechCabal (Africa)
Tech Market & VC
Africa’s creative economy does not lack talent, cultural influence, or ideas. What it lacks is a reliable system for turning those advantages into businesses that can produce at scale, move across borders, protect their intellectual…
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African firms pay 1.8% more for credit than their rich-country peers, IFC study shows
TechCabal (Africa)
Tech Market & VC
An analysis of over 330,000 corporate bonds across 50,000 firms over three decades reveals that African businesses face higher borrowing costs. However, pension reforms, capital market liberalisation, and stronger corporate governance…
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MTN’s South African data boom is not translating into revenue growth
TechCabal (Africa)
Tech Market & VC
MTN South Africa’s customers are consuming more mobile data than ever, but the country’s second-largest mobile operator is finding it difficult to translate that demand into revenue growth. Data revenue grew by 4.7% in the first nine…
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Nigeria could collect $75 million from crypto stamp duty in 2027
TechCabal (Africa)
Tech Market & VC
This is Follow the Money , our weekly series that unpacks the earnings, business, and scaling strategies of African fintechs, financial institutions, companies, and governments. A new edition drops every Monday. Nigeria’s crypto market…
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Nigeria’s telecom operators sue federal lawmakers over service-quality probe
TechCabal (Africa)
Tech Market & VC
Nigeria’s biggest telecom operators have sued the House of Representatives, challenging its constitutional authority to investigate their network quality and compel their chief executives to appear before lawmakers. In an originating…
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👨🏿🚀TechCabal Daily – Nigeria tightens stablecoin rules
TechCabal (Africa)
Tech Market & VC
In partnership with Lire en Français اقرأ هذا باللغة العربية Good morning. Across Africa, climate-tech is becoming a part of how essential sectors are built, financed, and run, powering homes and businesses the grid never reaches, lowering…
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The Next Wave: Kenyan banks have forgotten how to lose money
TechCabal (Africa)
Tech Market & VC
Cet article est aussi disponible en français This edition of The Next Wave is brought to you by Verto. Published November 8, 2026 Kenyan banks have forgotten how to lose money Image source: The Kenya Wall Street Lending is a business built…
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Qatar’s $5.5 million startup fund could open doors for African founders
TechCabal (Africa)
Tech Market & VC
Qatar is offering foreign tech founders up to $5.5 million in funding to back growth-stage startups that want to operate in the gas-rich Gulf country, alongside visas, subsidised housing, and business support. Behind the incentives is a…
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Why the UK is becoming a base for African tech companies
TechCabal (Africa)
Tech Market & VC
In March 2026, the United Kingdom government published a list of Nigerian companies expanding operations in the UK, including fintechs Moniepoint, Kuda and LemFi. Their expansion reflects a growing interest among African tech companies in…
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Kenya’s WayaWaya partners with Choice Bank to launch AI-powered banking services
TechCabal (Africa)
Tech Market & VC
WayaWaya, a Kenyan company building AI-powered financial services for banks and merchants, has partnered with microfinance bank Choice Bank to expand its platform with banking services. The service, WayaWaya Banking, will allow customers…
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Nigeria is rewriting its cyber laws, but can it secure its systems against hackers?
TechCabal (Africa)
Tech Market & VC
Nigeria is reviewing its cybersecurity laws to counter mounting threats as artificial intelligence (AI) makes fraud, digital deception, and attacks on critical infrastructure harder to detect. AI was linked to 55% of cybercrime incidents…
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OPay was used to scaling regulatory walls until its IPO
TechCabal (Africa)
Tech Market & VC
OPay’s rise to one of Nigeria’s largest fintechs came after a series of regulatory hurdles. Now, the latest—an inquiry from Chinese regulators—led it to withdraw its $304 million New York listing on October 30. How the company handled the…
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Massive wants to help small businesses turn Google searches into customers
TechCabal (Africa)
Tech Market & VC
For four years, Segun Olaiya worked in local search engine optimisation (SEO) in the United States, helping large operations, including AT&T and businesses in San Diego and Texas, improve their visibility in online searches. But he…
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Optasia wants to move beyond airtime credit as microfinance drives growth
TechCabal (Africa)
Tech Market & VC
One year after its R23.5 billion ($1.4 billion) debut on the Johannesburg Stock Exchange (JSE), Africa’s biggest securities market, Optasia is growing faster than expected. But its biggest opportunity may lie beyond the airtime advances…
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Nigeria’s Central Bank wants every crypto P2P payment linked to a bank transaction
TechCabal (Africa)
Tech Market & VC
Nigeria’s Central Bank has introduced new rules requiring cryptocurrency peer-to-peer (P2P) platforms to link every digital asset transaction to its corresponding bank payments, tightening oversight of how Nigerians trade cryptocurrencies…
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Nigeria’s crypto firms face $744,000 capital rule as CBN, SEC divide oversight
TechCabal (Africa)
Tech Market & VC
Cryptocurrency companies licenced by Nigeria’s Securities and Exchange Commission (SEC) will need separate central bank approval and at least ₦1 billion ($744,000) in additional capital to offer certain stablecoin payment, remittance, and…
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Habana went from World Cup winner to fintech beginner. Here’s what he learned.
TechCabal (Africa)
Tech Market & VC
When PHATHISANI MOYO watched Bryan Habana deliver a presentation in Cape Town, he was intrigued by the personal journey to fintech behind one of South Africa’s most celebrated rugby careers. Eight years after retiring from professional…
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Nigeria sets $11.16 million capital requirement for foreign stablecoin issuers
TechCabal (Africa)
Tech Market & VC
New rules from Nigeria’s Central Bank (CBN) will require foreign-currency stablecoin issuers, including companies behind dollar-pegged tokens such as USDT and USDC, to maintain at least ₦15 billion ($11.16 million) in paid-up capital to…
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👨🏿🚀TechCabal Daily – Bought out, bought in
TechCabal (Africa)
Tech Market & VC
In partnership with Lire en Français اقرأ هذا باللغة العربية TGIF. What if promising African businesses, the investors looking for them, and the organisations supporting them could connect more easily? That’s the thinking behind Impact…
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The 2023 Chinese rule that may have stalled OPay’s US listing
TechCabal (Africa)
Tech Market & VC
OPay’s October 9 Initial Public Offering (IPO) prospectus suggested that the company did not expect to require approval from Chinese regulators to list on the New York Stock Exchange. But a last-minute regulatory inquiry from China…
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AI-powered appliances are coming to Africa. The infrastructure isn’t ready.
TechCabal (Africa)
Tech Market & VC
LG leads South Korea’s laundry and refrigeration markets, and is now pushing connected appliances in the Middle East and Africa, where it already sells other products like home entertainment devices. But where power cuts are common…
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After seven years training developers, Web3Bridge is turning to startups
TechCabal (Africa)
Tech Market & VC
Web3Bridge, the Nigerian developer training organisation that has trained blockchain engineers since 2019, is expanding into startup incubation and plans to charge entrepreneurs for its new founder residency programme. The shift is a bet…
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Africa must integrate before pursuing a common currency, says Access Bank chair Aig-Imoukhuede
TechCabal (Africa)
Tech Market & VC
Aigboje Aig-Imoukhuede, chairman of Nigerian tier-1 lender Access Bank Group and financial services holding company Coronation Group, argues that African financial institutions must move beyond financial stability to productive finance…
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How a car-importing problem became a cross-border payments business
TechCabal (Africa)
Tech Market & VC
In car importing, business owners must find the vehicle and pay the auction house, which could be in another country. This proved harder than expected for Sheriff Adedokun, a serial entrepreneur who founded Clea, a cross-border payments…
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“Data is the collateral”: Sparkle CEO Uzoma Dozie on fixing Nigeria’s SME lending blind spot
TechCabal (Africa)
Tech Market & VC
Speaking on the sidelines of AFIS 2026 in Luanda, Angola, Uzoma Dozie, the former Diamond Bank chief and Sparkle MFB CEO , argues that African banking is stuck in a collateral trap, explains why digital banks must move beyond one-to-one…
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Safaricom makes more from M-PESA overdrafts as borrower numbers surge
TechCabal (Africa)
Tech Market & VC
Safaricom , Kenya’s largest telecommunications operator, generated KES 4.9 billion ($38 million) from Fuliza, its M-PESA overdraft service that lets customers complete transactions when they lack enough money in their wallets. On Thursday…
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Paga expands Direct Debit access for businesses beyond its network
TechCabal (Africa)
Tech Market & VC
Paga, one of Africa’s oldest fintechs, is expanding its Direct Debit access to let businesses using Paga Engine, its payments infrastructure business, collect recurring payments from accounts outside its network. The move is part of Paga’s…
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Flutterwave spent a decade moving money. Now it wants to keep more of it.
TechCabal (Africa)
Tech Market & VC
In 2017, Flutterwave was a company of about 50 people that had convinced Uber, the world’s largest ride-hailing company, to trust its payments infrastructure to process transactions across African markets. The company was small enough for…
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👨🏿🚀TechCabal Daily – A Chinese plot twist
TechCabal (Africa)
Tech Market & VC
In partnership with Lire en Français اقرأ هذا باللغة العربية Wazzup. Yellow Card, the stablecoin infrastructure company and one of the sector’s most-funded startups, launched in Africa in 2019, before expanding into other emerging markets…
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The 20-year experiment: Why IFC thinks African agritech has finally come of age
TechCabal (Africa)
Tech Market & VC
After two decades of false starts, the International Finance Corporation has selected 15 agritech companies across the continent, backing them with equity while deploying portfolio guarantees to link them directly to the balance sheets of…
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AFIS 2026: African banks must rethink digital transformation, says CR2 CEO
TechCabal (Africa)
Tech Market & VC
Speaking on the sidelines of the African Financial Industry Summit 2026 in Luanda, Fintan Byrne, chief executive officer of digital banking platform CR2 (now part of Morocco’s HPS Group), argues that African banks are eroding market share…
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Farouk Ibrahim is learning to build what people actually need
TechCabal (Africa)
Tech Market & VC
Farouk Ibrahim, a product engineer, once went from hostel to hostel at the University of Ibadan, in Oyo State, southwestern Nigeria, trying to sell his software. This software, Peernet, let lecturers share learning materials with students…
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Helium Health secures $2.5 million Google grant to tackle maternal deaths with AI
TechCabal (Africa)
Tech Market & VC
Helium Health, a Nigerian healthtech startup, has secured a ₦3.4 billion ($2.5 million) grant from Google.org, tech giant Google’s philanthropic arm, to deploy artificial intelligence (AI) tools that help identify pregnancy risks and…
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The plumbing behind the apps: Why Africa’s next fintech leap belongs to national switches
TechCabal (Africa)
Tech Market & VC
While venture capital chased consumer apps, the real battle for Africa’s digital economy moved behind the scenes. In an in-depth conversation, the Managing Director of Morocco’s Switch Al-Maghrib, Hanae Ben Driss, argues that national…
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Airtel Nigeria’s data boom hits an operating cost bottleneck
TechCabal (Africa)
Tech Market & VC
Airtel Nigeria is adding customers, selling more data, and generating higher earnings. Yet a decline in its quarterly operating margin suggests that rising demand is not translating into stronger profitability at the same pace. The…
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👨🏿🚀TechCabal Daily – Caireful what you bid for
TechCabal (Africa)
Tech Market & VC
In partnership with Lire en Français اقرأ هذا باللغة العربية Happy mid-week. Anthropic is preparing for a massive initial public offering (IPO), potentially on November 16, but it has an expensive problem: keeping up with demand for its AI…
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Every fibre cut sets Nigeria’s digital economy back, but who pays?
TechCabal (Africa)
Tech Market & VC
When Nigeria’s president, Bola Tinubu, signed the Designation and Protection of Critical National Information Infrastructure ( CNII ) Order in June 2024, the Federal Government aimed to shield telecommunications assets from relentless…
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Airtel Nigeria puts its network map in subscribers’ hands
TechCabal (Africa)
Tech Market & VC
Airtel Nigeria, the country’s second-largest network operator, now lets subscribers see nearby 4G and 5G network sites, including those undergoing upgrades and planned installations, through a new feature on the My Airtel Africa app. The…
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Acecore wins TC Battlefield 2026 with Nigerian-made batteries
TechCabal (Africa)
Tech Market & VC
Acecore, a Nigerian startup that builds home energy storage systems , won TC Battlefield 2026 at Moonshot by TechCabal in Lagos on Thursday, October 29, taking home the $10,000 grand prize. Supplya, which gives informal retailers stock on…
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Tech won’t fix Africa’s informal economy without power and rails, says AFC CEO
TechCabal (Africa)
Tech Market & VC
Speaking alongside the heads of AfDB and Afreximbank at AFIS 2026 in Luanda, Angola, Samaila Zubairu , chief executive officer of Africa Finance Corporation (AFC), warned that artificial intelligence and digital apps cannot formalise the…
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Safaricom’s cleaner energy push struggles to keep pace with growth
TechCabal (Africa)
Tech Market & VC
Safaricom , Kenya’s largest telecommunications operator, consumed 274,531 megawatt-hours of electricity in the financial year ended March 2026, a 5.7% increase from the previous year. Its emissions from electricity purchases, fuel burned…
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How IFC plans to use fintech and cash flow to finance African MSMEs
TechCabal (Africa)
Tech Market & VC
African enterprises are being strangled by short-term dollar debt, over-leveraged balance sheets, and administrative red tape, threatening the continent’s ability to generate employment for its fast-growing youth population. Delivering his…
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Digital fraud surges to 88%: The hidden security crisis chilling cross-border finance
TechCabal (Africa)
Tech Market & VC
A surge in cybercrime across African banks and fintechs is forcing financial institutions to retreat to domestic markets, stalling cross-border integration and leaving continental initiatives like PAPSS and AfCFTA underutilised. An…
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South Africa’s AGOA troubles could reach beyond exporters to its startups
TechCabal (Africa)
Tech Market & VC
South Africa’s planned removal from the African Growth and Opportunity Act (AGOA) won’t only affect exporters, but also raise questions about how the country’s worsening relations with the United States (US) might affect investment into…
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Africa’s crypto market has proved there is demand. Now it needs infrastructure
TechCabal (Africa)
Tech Market & VC
As in much of Africa, a business in Lagos can now settle a supplier payment overseas using stablecoins in minutes, without relying entirely on the traditional correspondent banking chain. A few years ago, that would have been difficult to…
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How Jumia is courting Côte d’Ivoire’s informal retail market
TechCabal (Africa)
Tech Market & VC
3 novembre 2026 Hello , Sorry about the break in transmission last week. Moonshot by TechCabal happened. Welcome back to Francophone Weekly by TechCabal , your weekly deep dive into the tech ecosystem across French-speaking Africa. For…
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Airtel Nigeria’s $1 billion comeback comes with a growing mobile money business
TechCabal (Africa)
Tech Market & VC
Airtel Nigeria generated $1.01 billion in revenue between April and September 2026, crossing the $1 billion mark for the first time since the same period in 2022, when it recorded $1.04 billion , according to the company’s financial…
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Inside Luanda’s high-stakes summit to direct Africa’s $100bn banking machine into the real economy
TechCabal (Africa)
Tech Market & VC
At AFIS 2026 in Luanda, Angola, leaders from the International Finance Corporation, Jeune Afrique, and the Angolan government delivered a stark consensus: Africa’s financial institutions are booking record profits, but until capital flows…