AI FEST AFRICA 2026: Harvoxx Tech Hub Unveils a Continental AI Movement in Port Harcourt

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.

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.

Editor's Choice

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.

Femi Otedola spends another ₦12.58bn to tighten grip on First HoldCo

Chairman Femi Otedola bought 95.7 million more First HoldCo shares at ₦131.48 each, lifting his stake to roughly 26.6% of Nigeria's oldest banking group.

Aug 25, 2026

Moniepoint Ends UK Money-Transfer Service MonieWorld in Global Pullback

Nigerian fintech Moniepoint is phasing out MonieWorld, its UK remittance product for Nigerians abroad, less than two years after launch.

Aug 25, 2026

MTN can now buy IHS Towers — but must sell 30% to Nigerian investors

Nigeria's competition regulator cleared MTN's $2.2bn IHS Towers takeover on condition that up to 30% of the Nigerian business goes to local investors.

Aug 25, 2026

Worth Reading

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Building in African tech? Get listed alongside Nigeria's most exciting founders — visible to investors, press, and the ecosystem.

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

South Africa, Nigeria and Kenya hold nearly half of Africa's data centres

A new Nairametrics ranking shows AI infrastructure is concentrated in three countries, with South Africa leading at 62 facilities.

Aug 21, 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

Aug 18, 2026Ifunanya Okoro

Insights

NDLEA burns N301bn of seized drugs — enough to fund 1.2m student loans

The agency destroyed 329,865kg of cocaine, tramadol, codeine and cannabis in Lagos. Here's what the numbers mean for ports, cash flow and security tech.

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