Nigeria's tech chief warns: whoever controls AI can manipulate us

Students can now pay school fees through Flutterwave and Convera's new global tie-up

Flutterwave and Convera are partnering to give students more flexible, multi-method tuition payment options across regions.

Funding

African founders gain new $84m seed fund as Ventures Platform closes oversubscribed round

Ventures Platform's second fund closed at $84 million, nearly matching all Africa-focused VC fund closes in 2025 combined.

MTN can now buy IHS Towers in Nigeria — but must sell 30% to local investors

Nigeria's NCC granted MTN conditional approval in mid-July for the IHS Towers deal. FCCPC separately requires a 30% sell-down to local investors.

Nigerians in the UK lose a Moniepoint remittance option as fintech exits MonieWorld

Moniepoint is phasing out its UK-Nigeria remittance product MonieWorld after about 18 months to focus on African business banking and lending.

Editor's Choice

MTN to build 150MW of AI data centres across Nigeria and South Africa

MTN Group is setting up a UAE-backed venture to build about 150MW of AI-enabled data centre capacity in Nigeria and South Africa.

Bitcoin passes $80,000 as US Treasury move fires up crypto rally

Bitcoin broke above $80,000 Tuesday to a three-month high after the US Treasury expanded bond buybacks, weakening the dollar and reviving crypto demand.

Brand Press

Glo customers can now talk to an AI assistant that speaks Yoruba, Igbo and Hausa

Globacom launched a 'Never Settle For Less' campaign with an AI customer assistant called Gloria, upgraded tariff perks and a revamped self-service app.

Terror financiers hide behind women's bank accounts and pre-registered SIMs, NFIU says

Nigeria's financial intelligence unit says terrorist financiers are using bank accounts opened in women's names and SIM cards not linked to their real owners to conceal illicit fund flows.

Startup

Farmers Win as ThriveAgric Closes Oversubscribed ₦5.3 Billion Debt Raise

Agritech startup ThriveAgric has closed an oversubscribed ₦5.3 billion commercial paper issuance, first under a ₦50 billion SEC-approved debt programme.

MTN customers could get direct loans as telco seeks banking licences

Africa's largest telecoms operator is exploring deposit-taking banking licences so it can lend from its own balance sheet, not just through partner banks.

AI & Innovation

African AI founders face higher cloud bills as vendor lock-in tightens

Nairametrics reports heavy reliance on a single cloud provider exposes African AI startups to hidden cost and operational risks.

Exporters get new customs chief as Lilypond command changes leadership

Nigeria Customs has named Deputy Comptroller Olusola Salako as acting controller of its Lagos export command, following the retirement of Samuel Ariyibi.

Worth Reading

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Startup

Startup

They Bled $500 Million. Most Are Already Building Again.

TechCabal traced 10 Kenyan founders who lost a combined $500 million. Some vanished. Most came back, scarred and rebuilding.

Aug 20, 2026Chisom Eze

Tech News

Banks can no longer ignore tech failures, Nigeria's IT regulator warns

NITDA's DG told CBN directors that financial stability now depends on data centres, cloud platforms and telecoms resilience — not just capital.

Aug 22, 2026The Desk

Events

Events

Fintechs and Banks can Now Apply for a Lagos Sprint to Turn Gender Data into Real Products

A three-day design sprint in Lagos this September will help financial players turn gender-disaggregated data into practical tools and policies.

Aug 4, 2026The Desk

Insights

Insights

MTN's Enterprise Bet: Revenue Is Rising, But Customer Count Is Falling

MTN Nigeria's enterprise revenue grew 39.7% in H1 2025, yet the number of enterprise customers is shrinking. The data tells a more complex story.

Aug 22, 2026Adaeze Nwosu

Fintech

Femi Otedola buys N20.7 billion more First HoldCo shares, stake hits 26.5%

The billionaire chairman acquired 147.74 million shares at N140 each through Calvados Global Services, pushing his ownership to roughly 26.5%.

Aug 18, 2026The Desk

More from Fintech

Weekly ReviewAug 6, 2026

ATN EP 7: Inside Selar’s Tax Battle with LIRS and the Reality of Running a Hardware Startup | Magnus

Our weekly breakdown of the biggest stories in African tech — watch the latest episode on YouTube.

Brand Press