The Securities and Exchange Commission (SEC) has confirmed that Nigerians have lost N300.2 billion to fraudulent investment schemes known as Ponzi schemes over the past years. This figure, […]
Nigeria’s Internet: A Guide to Understanding the Challenges and Finding Solutions
Navigating Nigeria’s internet landscape can be a rollercoaster. While connectivity has seen growth, users often face fluctuating speeds and unreliable service. This space hosted a dynamic discussion where […]
Black Friday Deals Sweep Nigeria as Major Platforms Launch Full-Month Campaigns
Nigeria’s online shopping market is gearing up for a massive Black Friday showdown. Leading platforms like Jumia, Konga, and Jiji are launching full-month campaigns starting October 31st, offering […]
Nigeria Invests in Massive Fibre Optic Network with Danish Support
Nigeria is taking a major step towards expanding its digital infrastructure by partnering with investors from Denmark to build a 90,000km fiber optic network. This ambitious project is […]
Over 90% of Cash in Nigeria Held Outside Banks: CBN Data Shows High Dependence on Physical Currency
A new report by the Central Bank of Nigeria (CBN) reveals that over 90% of Nigeria’s total cash, amounting to ₦4.47 trillion, is held outside traditional banking institutions. […]
Nigeria’s Fintech Bill Passes Second Reading: Key Takeaways for Operators
The Nigerian Fintech Regulatory Commission Bill, 2025, has passed its second reading in Parliament, establishing a comprehensive regulatory framework for the sector. This landmark legislation will establish the […]
Xara: AI-Powered Financial Assistant Revolutionizing Payments in Nigeria
Sulaiman Adewale founded Xara, an innovative financial assistant accessible through WhatsApp, aiming to bridge the gap for users who find traditional payment systems complex. This story starts with […]
Nigeria Launches Institute to Regulate and Standardize Interior Design and Product Invention
On Monday, October 27, 2025, Nigeria marked a pivotal moment in its creative economy with the launch of the Institute of Professional Interior Designers and Product Inventors (IPIDPI). […]
Nigeria’s Media and Entertainment Industry Booms Towards $5.8 Billion by 2029
The Nigerian entertainment and media (E&M) sector is poised for rapid growth, with a projected total revenue of $5.8 billion by 2029, according to PwC’s latest report.
Nigerian Startup EasySpend Under Fire as Developers Claim Unpaid Equity
A Nigerian startup, EasySpend Technologies, is facing criticism from former employees who allege unfair compensation practices. Ibrahim Abdullahi, a Senior Mobile Engineer at the company, claims he was […]
Drivers’ Union Challenges Bolt, inDrive, and Uber’s Authority over Ride Fares
A brewing dispute over ride fare setting has escalated between e-hailing platforms and drivers in Nigeria. The Amalgamated Union of App-based Transporters (AUATON) is challenging the authority of […]
Nigeria’s Cryptocurrency Boom: $50 Billion Transactions Challenge Capital Market
Nigeria’s cryptocurrency market has reached an astounding $50 billion in transactions, according to the Securities and Exchange Commission (SEC). This surge highlights a growing preference for digital assets […]
Crypto Regulation Needed: Keeping Bad Actors Out
Nigeria’s cryptocurrency adoption is soaring, with its digital currency economy reaching nearly $60 billion by June 2024, making it the world’s second-largest market. This rapid growth has fueled […]
Nigeria’s Crypto Boom Surpasses N75 Trillion in One Year, Challenges Traditional Markets
Nigeria’s cryptocurrency transactions have reached an unprecedented level, exceeding N75 trillion ($50 billion) between July 2023 and June 2024, according to Securities & Exchange Commission (SEC) Director-General Emomotimi […]
Nigeria Removed from Fraud List
Nigeria has been officially removed from a global fraud watchlist, reflecting progress made in addressing financial crimes and strengthening international cooperation.