Nigerians bury cash in backyards as mobile banking stumbles

The Central Bank of Nigeria this month announced it is not on track to reach its target of increasing financial inclusion to 80% by 2020. It is now reviewing the path it took in 2012 with a “refreshed strategy” and has also signed a cooperation agreement with the Nigerian Communications Commission to improve the penetration… Read more Nigerians bury cash in backyards as mobile banking stumbles

Afrimart.com launches to catapult the otherwise less exploited intra-Africa trade

AfriMart.com is launching to be pan-Africa’s biggest Business to Business (B2B) e-commerce platform for made in Africa products offering prospects of catapulting the otherwise less exploited intra-Africa trade to higher heights of growth. The launch just comes days after DHL and Mall4Africa launched a similar platform to encourage eCommerce in Africa. Earlier, Traders of Africa closed…… Read more Afrimart.com launches to catapult the otherwise less exploited intra-Africa trade

6 new players taking on the online grocery retail market in Nigeria

Going by a report analysed by Research and Markets in 2010, the grocery retail market in Nigeria is the largest and, until 2015, was the second fastest growing grocery retail market in Africa. But despite its size, the Nigerian grocery retail market is among the most fragmented, and perhaps most undermined, in Sub-Saharan Africa. Partly… Read more 6 new players taking on the online grocery retail market in Nigeria

Uber could be launching a bike-sharing service in Lagos soon

This morning in Lagos, I launched the Uber app to find a new menu entry that wasn’t there yesterday; it simply said ‘Bike’. I tapped on it to reveal the message in the screenshot below with a call-to-action to join the waiting list for ‘Uber Bike’. “Convenient, easy-to-use electric assist bikes will be in your… Read more Uber could be launching a bike-sharing service in Lagos soon

What’s Going On With Auto Rickshaw (Tricycle) Hailing In Nigeria?

Auto rickshaws also called tricycles or Keke (Yoruba word for bicycle) in Nigeria are one of the ways to quickly navigate traffic on the nation’s roads. The vehicles which are also known as Keke Marwa have been traced back to the government of Mohammed Buba Marwa, who was the military Governor of Lagos State from… Read more What’s Going On With Auto Rickshaw (Tricycle) Hailing In Nigeria?