Mafab Communications announced that its 5G network is now operational in Lagos, Abuja, Kano, Enugu, Port Harcourt and Kaduna.
This became known during the launch of 5G in Lagos on Thursday.
According to the company, it aired in these cities but has yet to be released to the general public.
The company also announced the rollout of 5G using existing infrastructure.
The launch of Mafab 5G in Lagos…
Nigerian actress and influencer Temi Otedola has become an ambassador for Bamboo, a Nigerian startup that helps Africans make money.
In a statement, Ambassador Otedola said she hoped to encourage young Nigerians to make independent investments and lead them to…
Nigerian financial startup TeamApt is changing its name to Moniepoint. What Next?
January 15, 2023
Nigerian financial startup TeamApt is changing its name to Moniepoint, the name of its flagship product, seven years after it first opened for business. The startup, which develops digital financial solutions for local businesses, stated that the rebrand allows it to connect…
Cherry Finance has been introduced by Payday to boost international money transfers.
December 17, 2022
Payday, a Pan-African Fintech startup, unveiled Cherry Finance, a new remittance product that would make it easy and safe for African immigrants in North America (the US and Canada) to send money home.
With a flat fee of $2 for each transaction or transfer, Cherry Finance reportedly boasts one of the lowest cost-per-transfer rates in the industry.
Favour Ori, the person behind Cherry, stated in a…
Visa promises to invest $1 billion in Africa's payment system over the next five years.
December 17, 2022
Visa has committed to spending $1 billion over the following five years to improve Africa’s payment environment. The international payment company made the investment announcement on Wednesday during the US-Africa Business Forum.
The investment will, in the…
Eyowo introduces the "e Better Card" panless debit card in collaboration with MasterCard.
September 22, 2022
Eyowo, a leading online bank, announced the launch of a digital first debit card on Tuesday, August 30, 2022.
e announcements took place in the o£ficial launch event at their Headquarters where the card was unveiled. Labeled “ e Better Card”- the Eyowo debit card is…
Your payments and collections will be made simpler for you thanks to ALAT's new NQR feature.
September 22, 2022
ALAT, one of Nigeria’s leading digital banking platforms has again raised the bar in service delivery by including a new quick response (QR)-code-based payments and collections solution to boost convenient and safe financial transactions.
The new feature on ALAT, known as NQR or quick response (QR), is a code-based payment and collections solution that provides fast, easy, secure, reliable…
Bamboo, a Nigerian Fintech, debuts in Ghana to provide access to investments.
September 22, 2022
Bamboo, a Nigerian fintech startup that enables access to investment in stocks from global companies, has announced its launch in Ghana.
In January 2022, the startup announced its Series A round of $15 million. At the time, the company disclosed that it planned to launch in…
Nigeria and 10 other nations drive the $230 billion revenue growth in African fintech
September 20, 2022
African fintech companies could see their revenue jump to about $230 billion by 2025 ($150 billion excluding South Africa, which is the largest and most mature market on the continent) according to analysts at McKinsey.
The growth opportunity is likely to be concentrated in…
In contrast to the N868 million loss it reported in 2020, Nigerian Microfinance Bank Kuda Bank reported a loss of N6 billion in 2021.
Techcabal, a news outlet based in Nigeria that specializes in reporting the IT industry in Africa, broke the initial news on the company’s outcome.
Kuda Bank is a poster company for Nigeria’s burgeoning FinTech startups and has garnered widespread attention…