Kenyan BNPL startup Wabeh halts operations as defaults rise
Wabeh, a Kenyan buy-now-pay-later (BNPL) provider, paused operations with its vendor network in July, citing the need to “simplify its operational model.” The move follows growing claims of customer defaults,…
Moniepoint, PiggyVest, M-KOPA, Interswitch named among world’s top 300 fintechs by CNBC
Ten African fintechs, including Interswitch, Moniepoint, M-KOPA, OPay, and PiggyVest, have been named among the world’s top 300 fintech companies in 2025 by CNBC and Statista. The list highlights firms…
Tech GDP: How Nigeria’s digital economy fared under late former President Muhammadu Buhari
Late former President Muhammadu Buhari, who passed away on Sunday, July 13, 2025, two years after completing his second term in office, left behind a mixed economic legacy.But one sector…
Experts warn of debt trap, sovereign default risk as Nigeria’s public debt surged over 1,000% in naira terms in 10 years
Financial experts are raising concerns that Nigeria could be entering a full-blown debt trap, where the government is forced to take on new loans just to service existing obligations.There are…
Forex volatility: BDC operators reveal over 90% of dollar liquidity is off the books
Bureau De Change (BDC) operators have insisted that there is an extremely large amount of foreign exchange liquidity in the system that is unaccounted for.They, however, called for a cohesive…
Nigeria’s $5 billion startup funding target shaky as economic realities set in
The ambitious $5 billion funding target for Nigerian startups set by the Minister of Communications, Innovation, and Digital, Dr. Bosun Tijani, is becoming infeasible with the continuous decline in funds…
Nigeria needs scalable infrastructure to compete in global AI race—Vertiv MD
Nigeria’s data centre industry is at a pivotal moment.Driven by an increasingly digital economy, a tech-savvy population, and a strategic position within West Africa; the country is emerging as a…
Meet the owners of the 15 most expensive hotels in Nigeria
Nigeria’s luxury hospitality market is growing steadily and quietly with strong investor confidence, regional business travel, and a growing appetite for premium experiences among Africa’s elite.Despite a drop in overall…
Starlink, Spectranet, other ISPs lose customers as Nigerians cut internet spending
Top Internet Service Providers (ISPs) in Nigeria, including Starlink and Spectranet, have recorded a significant drop in their customer numbers as Nigerians cut spending on internet services.According to the latest…
Inside Lagos’ effort to stay ahead of truck congestion on the Lekki-Epe corridor
Every day, the Lekki-Epe Expressway bears the weight of hundreds of articulated trucks ferrying cargo from key installations including the Lekki Free Trade Zone, Dangote Refinery, and the Lekki Deep…