A report by TLP Advisory has revealed that a significant awareness gap among stakeholders is hindering technology listings on the Nigerian Exchange (NGX) and obstructing local exits for tech companies. The report emphasizes that many technology firms in Nigeria are unaware of the benefits and processes involved in listing on the NGX, which could provide them with essential capital...
In response to the rapid growth of the fintech sector in Nigeria, the government has proposed the establishment of a Fintech Regulatory Commission. This initiative aims to provide a structured framework for oversight and regulation of financial technology companies operating within the country. The fintech industry in Nigeria has seen significant expansion in recent years, driven by increased internet...
Remita, a leading financial technology company in Nigeria, has raised alarms about the potential for digital colonisation in Nigeria and other African nations due to inadequate data ownership frameworks. During a recent conference, executives from Remita highlighted the critical need for countries to establish robust data governance policies that empower local entities and protect citizens' information.The term 'digital colonisation'...
The Independent National Electoral Commission (INEC) has asserted that the integration of technology in the electoral process has significantly reduced the incidence of electoral fraud in Nigeria. During a recent press conference, INEC officials detailed how the use of biometric voter registration, electronic voting machines, and real-time result transmission has enhanced the integrity of elections across the country.INEC Chairman...
MTN Nigeria has announced the launch of new speed-based unlimited broadband data plans, aimed at providing enhanced internet services to its customers across the country. This initiative is part of the company's ongoing efforts to improve connectivity and meet the growing demand for high-speed internet access in Nigeria.The new plans are designed to cater to various user needs, offering...
As of October 2023, the title of the youngest billionaire in Nigeria is held by 29-year-old Iyinoluwa Aboyeji. Aboyeji is a prominent entrepreneur and investor known for his significant contributions to the tech industry in Nigeria. He co-founded Andela, a company that trains software developers in Africa and connects them with global companies, and Flutterwave, a payment technology company...
In recent years, homeowners in Nigeria have increasingly turned to smart home automation technologies as a solution to ongoing challenges related to power supply and security. With frequent power outages and rising concerns about safety, many Nigerians are seeking innovative ways to enhance their living environments.The Nigerian power sector has long struggled with reliability, leading to widespread use of...
MTN Nigeria has announced significant progress in the country's broadband ambitions, with the number of active data users reaching 51.1 million. This milestone reflects a growing demand for internet connectivity and digital services in Nigeria, which is one of the largest telecommunications markets in Africa.The increase in active data users is attributed to several factors, including MTN's ongoing investments...
The education technology (EdTech) market in Nigeria is experiencing significant growth as online learning platforms gain popularity among students and educators. This expansion is driven by a combination of factors, including increased internet penetration, a growing demand for flexible learning solutions, and the need for educational resources that cater to diverse learning styles.According to recent reports, the Nigerian EdTech...
In a recent article published by Premium Times Nigeria, Shona O. Oluwatola argues for the urgent need to accelerate technology adoption within Nigeria's government. The piece outlines how integrating advanced technologies can enhance efficiency, transparency, and service delivery in public administration.Oluwatola highlights the challenges faced by Nigeria’s public sector, including bureaucratic inefficiencies, corruption, and a lack of accountability....
