Over 25 million Nigerians have dipped their toes into the world of crypto assets, embracing digital currencies like stablecoins with open arms. These virtual currencies, particularly stablecoins such as USDT, are revolutionizing how money is transferred, stored, and used in Nigeria. From facilitating peer-to-peer remittances to simplifying cross-border business transactions, stablecoins have become an integral
The Nigerian Communications Commission (NCC) has set the stage for a significant transformation by announcing plans to revise the Nigerian Communications Act (NCA) of 2003. This move comes as Nigeria aims to modernize its legal framework in response to the rapid evolution of technology and telecommunications. At a recent stakeholder colloquium, NCC’s Executive Vice Chairman,
Ride-hailing giant Bolt is making waves in Lagos with its latest endeavor—introducing electric tricycles to the city’s bustling streets. This innovative move comes as Bolt aims to expand its electric vehicle (EV) footprint across West Africa, marking a significant step towards sustainable mobility solutions. The company has teamed up with SGX Mobility, a reputable electric
— Kofa Raises $8.1 million to Expand Battery-Swapping Energy Network In the bustling landscape of clean energy startups, one company is making waves by redefining how we power our lives. Meet Kofa, a Ghana-based startup that has recently secured an impressive $8.1 million in pre-Series A funding. This injection of capital is not just a
Newsletters are a great way to stay informed about the latest happenings in various industries. But what if I told you that a recent edition of TechCabal Daily revealed groundbreaking news that could potentially revolutionize Nigeria’s financial landscape? That’s right! Let me take you on a journey through the intricacies of open banking, satellite internet
— MTN Nigeria’s Profitable Quarter In a remarkable comeback, MTN Nigeria reported a staggering profit after tax of ₦133.7 billion ($102.85 million) in the first quarter of 2025, signaling its second consecutive profitable quarter. This significant achievement marks a stark contrast from the previous year’s loss of ₦392.7 billion ($302.08 million) recorded in Q1 2024,
In a recent groundbreaking ruling, Kenya’s Employment and Labour Court has made a significant declaration that paying employees different salaries for the same job is not only unethical but also illegal. The case that led to this landmark ruling was brought forward by Tom Oduor, a former manager at Dawa Life Sciences, who alleged that
In the bustling landscape of Nigeria’s telecommunications sector, a storm is brewing. 9mobile subscribers find themselves at a crossroads, grappling with an unexpected challenge. As they attempt to port their cherished phone numbers to other networks seeking better service, they are met with an unyielding obstacle – persistent network outages. The predicament deepens as users
Nigeria, a country known for its vibrant culture and bustling economy, is on the brink of a groundbreaking financial revolution. After four long years of anticipation, the Central Bank of Nigeria (CBN) has finally given the green light for open banking to launch in August 2025. This move marks a significant milestone not only for
In the bustling landscape of financial technology, one Nigerian startup is making waves with its groundbreaking use of artificial intelligence. Lendsqr, a lending software company, is on a mission to transform the way borrowers in Nigeria access credit by harnessing the power of face and voice recognition technology. ### The Birth of Innovation Led by