Wallet.ng: The Fintech Startup Building Mobile Payment Solutions for Nigerian Millennials

It was at an Omidyar-organised “Market Makers” event in Lagos that I’d first met Wallet.ng founder/CEO, John Oke. The event was fintech-focused and the room was filled with several interesting people including Paga CEO Tayo Oviosu, Flutterwave CEO Iyinoluwa Aboyeji, MEST Lagos GM Neku Atawodi-Edun, Microtration Founder Yele Bademosi and Lidya Co-founder Tunde… Read full… Read more Wallet.ng: The Fintech Startup Building Mobile Payment Solutions for Nigerian Millennials

Why only 20 percent of Nigerian startups survive – BusinessDay (satire) (press release) (blog)

[ad_1] BusinessDay (satire) (press release) (blog) Why only 20 percent of Nigerian startups surviveBusinessDay (satire) (press release) (blog)Entrepreneurship growth is rapid in Nigeria, fueled by high unemployment figures, but only 20 percent of these startups survive. Unemployment rate climbed to a six-year high of 18.8 percent in the their quarter of 2018, according to the… Read more Why only 20 percent of Nigerian startups survive – BusinessDay (satire) (press release) (blog)

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

Nigeria: Doctors Launch APP to Reduce Patient-Waiting Time in Nigerian Hospitals

By Cletus Ukpong A group of medical doctors has launched a mobile app aimed at reducing patient-waiting time in Nigerian hospitals. Patients in public hospitals in the country spend an average of two hours before they are attended to by a doctor, according to a report. The app, known as KompleteCare, can be accessed at… Read more Nigeria: Doctors Launch APP to Reduce Patient-Waiting Time in Nigerian Hospitals

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

Nigerian startups keep failing without funds unlike Silicon Valley — Quartz

[ad_1] A young consumer internet founder blocked me recently. What’s your #1 piece of advice for startups in Nigeria? Without missing a beat it was simple. Just F*%king Survive. That’s it. Impossible for me to go deeper than that in my brief encounters. But whatever you are doing. Just f*%king survive. – Jason Njoku, founder… Read more Nigerian startups keep failing without funds unlike Silicon Valley — Quartz

There’s a growing trend of foreign investors leaving the Nigerian startup scene

[ad_1] Over the past decade, Nigeria has been welcoming foreign investors into the Internet startup space, both as players in the market as well as financers. But there appears to be a growing trend in the last five years over the exit of foreign investment and businesses in the country. No doubt, the resulting effects… Read more There’s a growing trend of foreign investors leaving the Nigerian startup scene

What is the Nigerian government’s interest in 9mobile’s acquisition?

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?