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Interswitch rolls out tokenised tap-to-pay to enhance security and convenience for card payments.

SpaceX posts strong Q3 results with revenue up 161% to $14.6bn driven by Starlink and launch services.

S&P 500, Nasdaq and Dow gained as technology led and SpaceX surged on strong Q3 results.

The listed lottery operator reported revenue of N920.7 million for the third quarter against N1.09 billion a year earlier, with a loss after tax of N105.8 million and accumulated losses of N2.92 billion against equity of N3.48 billion.

A bill sponsored by the Deputy Speaker and 12 lawmakers would create a National Drone Industrialisation Council, require a national drone policy within 12 months and offer duty concessions, research credits and accelerated capital allowances to local manufacturers.

MobiBank has added a strategic partner and minority shareholder in Nigeria, its first African implementation market, while naming ten priority markets and confirming the group keeps technology, brand and control.

The technology incubation board disclosed a pipeline of more than $600 million at the NextGen Innovation Challenge, led by a proposed $500 million solar partnership with Gigawatt Global and a $100 million financing MoU with Cambridge Investors.

Renda has raised $1.9 million in pre-seed funding to expand its operations, according to BusinessDay, in a round that adds to recent venture deal flow in Nigeria's technology and services market.

NITDA and NACCIMA have partnered to connect Nigerian technology startups with private sector investors, corporate buyers and commercial opportunities through a network of more than 120 chambers of commerce.

Onafriq's wind-down of Baxi highlights a broader unit-economics crisis in Nigeria's offline agent banking model as inflation, costs and instant digital payments squeeze the business that once brought millions into the financial system.

Growtech West Africa has announced a collaboration with Nigeria's National Agricultural Development Fund ahead of its inaugural Lagos exhibition, aiming to connect agribusinesses with technology, finance and international expertise.

The US dollar retreated from multi-month highs as concerns about artificial intelligence capital expenditure and credit stress in technology infrastructure pushed Treasury yields lower and softened the Dollar Index toward 101.80.

Lagos State has issued a 30-day deadline to MTN and Airtel to complete verification of betting operators' licences, part of a broader push to tighten regulatory oversight of gambling platforms operating in the state.

The Nigeria Inter-Bank Settlement System has launched jPOS, a component of the National Payment Stack designed to standardise payment acceptance infrastructure across merchants and financial institutions.

Startups across Africa, the Middle East and Israel raised a combined $101.9 million in week 42, led by a $42 million round for cybersecurity firm Pluto Security and $29 million for electric vehicle operator MAX.

The Federal Government has commissioned the first site of the Nigeria Universal Communication Access Project in Bende, Abia State, kicking off a nationwide rollout of 3,700 towers intended to connect nearly 20 million unserved Nigerians.

Central Bank Governor Olayemi Cardoso has met People's Bank of China chief Pan Gongsheng in Bangkok and plans a Beijing visit to advance cross-border payments, settlement arrangements, financial technology and trade finance between both countries.

CoreWeave's junk bonds are yielding more than 15% and its credit default swaps have blown past 1,100 basis points, signs that investors are losing confidence in the AI infrastructure company's ability to service roughly $50 billion of debt.

The Nigeria Sovereign Investment Authority's NPI 4.0 Demo Day on October 24 will showcase 12 Nigerian startups competing for a share of a $275,000 prize pool, selected from more than 6,000 applications.

Bank of Ghana governor Johnson Asiama says Ghana is in talks with more than 10 African countries on payments interoperability, building on pilots with Nigeria and Rwanda involving CBDCs, stablecoins and mobile wallets.

Mainstack chief Ayobami Oyaleke is urging Nigeria's startup ecosystem to judge success by revenue, retention and risk management rather than funding volumes, warning against over-reliance on debt.

Nigerian Exchange Group chief Temi Popoola says the Dangote Refinery IPO has revived private listing talks spanning energy, technology and state-owned companies, with decisions expected from 2027.

Onafriq is closing Baxi, the agent banking business it acquired in 2021, citing inflation, naira depreciation and the rise of instant account-to-account payments, while insisting it is not exiting Nigeria.

Nigerian mobility company LincRide launched an on-demand ride-hailing service in Lagos bookable entirely through WhatsApp, with more than 3,000 verified drivers.

A broad selloff in technology shares dragged the Nasdaq to its worst week since late June, while Brent crude surged on Middle East supply risks.

The European Bank for Reconstruction and Development agreed a $20.9 million project financing with Beacon Power Services to deploy smart meters across six Nigerian distribution companies.

A memory-chip shortage driven by artificial intelligence data centres is pushing up smartphone prices and shrinking the sub-$100 segment that millions of Africans rely on to get online, with shipments of the cheapest devices falling sharply.

A Nigerian Communications Commission survey found that 73% of surveyed licensees use or pilot artificial intelligence in live operations, yet a third have no governance arrangements in place, raising questions about accountability and consumer protection.

Nigerian electric mobility company MAX has extended its Series B3 round to $29 million after an investment from US climate fintech Nithio, funding expansion of electric vehicle financing and battery swapping across West and Central Africa.

The Federal Government, the European Union and the European Bank for Reconstruction and Development signed a €14 million grant in Abuja to fund preparation of a planned 90,000-kilometre national fibre-optic backbone, though the money covers design and capacity building, not deployment.

Worldwide PC shipments dropped 20.1 per cent in the third quarter of 2026, IDC says, the sharpest third-quarter fall on record, leaving Nigeria's imported laptop market exposed to higher prices.

Ethiopia has joined the Pan-African Payment and Settlement System to cut hard currency use for intra-African trade, with Addis Ababa set to host PAPSS COWRY 2026 in November.

The music major is trimming staff worldwide as it funds AI-era licensing infrastructure and redirects resources to high-growth priorities.

The directive puts telecom operators at the centre of gambling oversight, requiring them to confirm that betting platforms on their networks hold valid state licences.

The Egg Sellers and Distributors Association of Nigeria unveils EggHome to link egg producers directly with consumers and ease recurring market gluts.

Layer3 has completed the issuance of N1.5 billion in commercial paper, its first raise under a larger N15 billion programme, to finance local cloud and data infrastructure.

Female-founded startups receive less than 1% of African venture funding, research shows, even as Nigerian startups raised $254 million in the first half of 2026.

NIBSS has built its National Payment Stack on Transactility's open-source jPOS technology, gaining full source-code control of Nigeria's instant payments platform.

Nigerians are receiving alerts warning their phones could be disconnected after 30 days under the NCC's new Device Management System for type-approved devices.

Nigeria-founded fintech Yellow Card has launched in Canada weeks after closing a $40 million funding round, as it pivots from consumer crypto trading to business-to-business stablecoin payments across emerging markets.

Nigerian startups attracted about $254 million in the first half of 2026, the first time funding has crossed the $250 million mark since 2022, as the country reclaimed its position as Africa's leading destination for startup equity.

MTN Nigeria's half-year revenue approached N3 trillion as data sales and a wider subscriber base drove profit sharply higher, reinforcing the telecoms sector's role as a pillar of the consumer economy.

The IMF has warned that AI could disrupt about 40% of jobs worldwide, urging governments to prepare workers and share the gains from the technology.

Anthropic researchers have warned that small AI models could self-replicate across connected devices, sharpening debate over how to control advanced systems.

Nine companies disclosed funding in September, down from $364.1 million across 20 startups in the previous month.

The oversubscribed fifth fund lifts the co-investment platform's assets above $850 million and expands its exposure to emerging-market technology companies.

The reported figure covers procurement for a six-satellite programme; a contract for communications satellite NigComSat-2A has already been signed.

Nigeria has a large agricultural market and significant production potential, but gaps in processing, technology, productivity and...

Menu Category: Global Tech Europe Moves to Build a Stronger Homegrown Payments Network European payment networks are stepping up...

Up to $25 billion could become available for India's deep-tech sector, covering areas such as artificial intelligence, semiconductors...

The requirements are expected to begin taking effect from 2027, turning the court case into a potentially significant test of how far...

The proposed framework would let companies test emerging products under supervision while regulators coordinate requirements across sectors.

The companies registry said limited parts of its systems were accessed without authorisation, prompting containment work, an investigation and stronger login controls.

Six university-led clusters will study connectivity, public infrastructure, skills, jobs, online safety and artificial intelligence under Project BRIDGE.