MTN eyes more cash with N90bn bond, shares sale
As it eyes expansion in infrastructure deployment in Nigeria in the next three years and debt refinancing, MTN Nigeria is intensifying activities around growing its cash reserve.
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Industry’s first data subscribers gain fail to lift 9Mobile, MTN
9Mobile and MTN have continued to lose data subscriptions despite a slight recovery of the market in August. The total number of data subscribers rose to reach 139.8 million from 139.3…
Andela becomes unicorn on $200m Series E funding
Andela, a remote-only network for software engineering talent, has raised $200 million in Series E funding to invest in developing products that simplify global hiring and make software…
Ecosystem working with government for success of Nigeria Startup Bill – Kola…
Kola Aina, General Partner at Ventures Platform Fund, in this short interview with BusinessDay’s FRANK ELEANYA discusses the progress made so far on the Nigeria Startup Bill (NSB). He also…
Nigeria’s broadband target years behind SA, Egypt’s rapid rollout
Nigeria’s National Broadband Plan set a supposedly ambitious target for the country to attain 70 percent broadband penetration by 2025. However, African peers - South Africa and Egypt -…
Why Nigeria’s 2021 broadband penetration may not beat 2020 peak
Twenty-twenty was the year Nigeria saw the most growth in broadband penetration and by December of every year since 2018, the numbers have closed higher than what it began with in January.…
Expect tech startups on Nigerian Stock Exchange very soon – Iyinoluwa Aboyeji
Iyinoluwa Aboyeji, the co-founder of Future Africa, a venture firm in this interview with Frank Eleanya, examines the tech investment landscape in Nigeria and the roles government and local…
Luno app installs rise 60% in one month as crypto customers hit 7m
London-based cryptocurrency exchange, Luno said app installs rose 60 percent in January 2021 the same month the price of bitcoin went over the roof. The company also reaped an additional one…
Appzone secures $10m Series A, biggest investment led by Nigerian VC
Nigerian-founded venture capital firm CardinalStone Capital Advisers is leading a $10 million Series A funding in Appzone that delivers best-in-class products for digital core banking and…
SEC directive puts fintech firms on edge
Companies in the financial technology (fintech) segment of Nigeria's financial services industry are on edge over two new regulatory moves by the Securities and Exchange Commission (SEC) and…