The financial inclusion target of the Central Bank of Nigeria (CBN) seems farfetched as the World Bank has put the number of unbanked Nigerians adults at about 100 million. According to The Global Findex Database 2017, only 40% of Nigerian adults have an account with a financial institution or a mobile money provider. The… Read more Only 40% of Nigerian adults are banked
The Central Bank of Nigeria has reconsidered telecommunications operators (telcos) in its financial inclusion drive, courtesy of a Memorandum of Understanding agreement signed by the apex bank and Nigerian Communications Commission (NCC). The MoU, according to Tech Economy, was signed at the CBN headquarters and is designed to allow telcos play in the payment system… Read more CBN okays telecom operators for payment system in new MoU
Just recently, we reported that Teleology had acquired 9mobile with the payment of a $50 million non-refundable deposit required. But more recent news is giving the acquisition process a new tune. Aside Teleology, another telco that placed a bid for the acquisition was Smile Communications with $300 million against Teleology’s $500 million. The Nigerian Communications Commission… Read more What is the Nigerian government’s interest in 9mobile’s acquisition?
According to data from the 2018 edition of the Inclusive Internet Index by The Economist Intelligence Unit (EIU), Nigeria now ranks number one in Internet affordability in Africa and 17th globally. However, on the overall ranking for inclusive internet, Nigeria is 4th in Africa with South Africa, Morocco, and Egypt topping the continent’s list in that… Read more Surprise! Nigeria supposedly has the most affordable Internet in Africa
Intent Link: https://twitter.com/intent/tweet?text=This+portable+internet+router+can+connect+almost+anywhere+in+the+world&url=https://techpoint.ng/2018/03/12/cloudcover-cc1-mi-fi-device-review/&counturl=https://techpoint.ng/2018/03/12/cloudcover-cc1-mi-fi-device-review/&related=Techpointdotng&via=Techpointdotng Recently, Muyiwa went to China with Transsion Holdings and made a case for the… Read full story here
Intent Link: https://twitter.com/intent/tweet?text=CAC+moves+to+completely+automate+business+registration+nationwide.+But+can+it+pull+it+off%3F&url=https://techpoint.ng/2018/02/27/cac-close-manual-business-registration/&counturl=https://techpoint.ng/2018/02/27/cac-close-manual-business-registration/&related=Techpointdotng&via=Techpointdotng The business world is changing rapidly and… Read full story here
Back in 2016, I needed to dispose of my smartphone to take care of an emergency, so I posted it on OLX and in less than 32 hours, I had sold it to a contact gotten from the classifieds site. This is the typical way an average Nigerian uses classifieds sites for transactions. Though the… Read more Why general classifieds sites might not be so successful in Nigeria
Intent Link: https://twitter.com/intent/tweet?text=11+places+where+you+can+order+cakes+online+in+Nigeria&url=https://techpoint.ng/2018/02/13/order-cakes-online-nigeria/&counturl=https://techpoint.ng/2018/02/13/order-cakes-online-nigeria/&related=Techpointdotng&via=Techpointdotng Online shopping is the new cool, as we are buying and paying for items from the comfort of our homes or offices,… Read full story here
The acquisition of Konga by the Zinox Group definitely raised a lot of questions about the viability of eCommerce Nigeria. Konga down Jumia and Payporte are struggling The unprofitability of the online market/E-commerce in Nigeria is a very interesting case study of why sound business strategy MUST be local — Emmanuel Nwachukwu (@emma_dele) February 3,… Read more What is the viability and future of eCommerce in Nigeria?