Relocation of Computer Village, Ikeja not happening anytime soon

Early in 2017, the Lagos State government made known its decision to relocate the Computer Village in Ikeja to ICT Park, Katangowa in Abule Egba, Lagos Nigeria. Fifteen months after making the announcement, a single concrete block is yet to be laid on the proposed new location of the prominent ICT market. Bridgeways Global Projects… Read more Relocation of Computer Village, Ikeja not happening anytime soon

Online savings platforms that offer higher interest rates than your bank in Nigeria

Financial institutions like the commercial banks are one of the major choices for savings aside contribution and thrift schemes. But one of the major concerns of Nigerian savers is that these banks offer relatively lower interest rates compared to when they give loans. According to a one-stop comprehensive reference for international financing and investment —… Read more Online savings platforms that offer higher interest rates than your bank in Nigeria

Fintech is not a threat to Nigerian banks; the real threats are less obvious

The world is changing rapidly, with Internet and technology disrupting every sector of the economy. The banking industry is not left out as financial technology (fintech) solutions are beginning to play an important role in the provision of financial service. The Banking Supervision division of the European Central Bank defines fintech as “an umbrella term… Read more Fintech is not a threat to Nigerian banks; the real threats are less obvious

Opera to acquire controlling stake in Nigerian mobile money platform, PayCom

The company behind the popular Opera browser, Opera Software is about closing an acquisition deal for Telnet Nigeria Limited’s mobile money platform — Paycom. It was reported that Opera Software is set to acquire a controlling stake in Paycom with the intention that OPay — Opera’s mobile payment platform — will have footprints in the… Read more Opera to acquire controlling stake in Nigerian mobile money platform, PayCom

Why brick-and-mortar stores will remain a key channel for eCommerce in Nigeria

Prior to the Yudala-Konga marriage that followed the acquisition of the latter by Zinox Group, Yudala maintained the highest number of brick-and-mortar stores in the nation’s eCommerce industry. These physical stores would definitely end up being of great advantage to the new Konga brand. Zinox Group initially maintained that both companies would not be merged… Read more Why brick-and-mortar stores will remain a key channel for eCommerce in Nigeria

5 things we can expect from the impending MTN Nigeria IPO

Following the fine imposed on MTN Nigeria by the Nigerian Communications Commission (NCC), the telecom company’s parent body, MTN Group lost its position as the most valued telecommunications company (telco) in Africa. The group also recorded its first loss in 20 years. One of the major reasons companies go public is to raise funds, but for… Read more 5 things we can expect from the impending MTN Nigeria IPO

CBN okays telecom operators for payment system in new MoU

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