Your blog category
Whats Happening? United Bank for Africa (UBA) Plc is making a strong return to Nigeria’s Point of Sale (PoS) market by rolling out 46,000 upgraded Redpay PoS terminals aimed at reclaiming market share from fintech rivals like Moniepoint, OPay, and PalmPay. Since January 2025, UBA has deployed over 6,000 terminals, with 40,000 more expected soon. […]
UBA Makes Agent Banking Comeback with 46,000 Upgraded PoS Terminals Read More »
JAMB 2025 UTME Technical Glitch Affects Nearly 380,000 Candidates: Full Details and What You Need to Know What Happened?The Joint Admissions and Matriculation Board (JAMB) has officially confirmed a major technical error disrupted the 2025 Unified Tertiary Matriculation Examination (UTME), impacting 379,997 candidates across 157 exam centres in Lagos and the South-East zones of Nigeria.
JAMB Confirms Technical Glitch in 2025 UTME, Reschedule Set for May 16 Read More »
What’s Happening? Nigerian fintech PalmPay announced plans to expand into South Africa, Côte d’Ivoire, Uganda, and Tanzania by the end of 2025, building on strong momentum from processing over 15 million daily transactions in Nigeria, its home market during Q1 2025. This expansion will increase PalmPay’s footprint to six African countries, following earlier launches in
PalmPay to Expand into South Africa, Côte d’Ivoire, Uganda and Tanzania Read More »
What’s Happening? Airtel Africa has partnered with SpaceX to expand Starlink’s high-speed satellite internet services across the continent, targeting rural and underserved regions where traditional mobile networks struggle to provide reliable connectivity. SpaceX has already secured operating licenses in nine of the 14 African countries where Airtel operates, including Nigeria, Kenya, and Zambia, with regulatory
What’s Happening? Meta, the parent company of Facebook and Instagram, has warned it could shut down both platforms in Nigeria as it faces mounting regulatory pressure and close to$290 million in fines from three government agencies. The company says Nigeria’s requirements for data protection and compliance are excessive and could make continued operations untenable. Breakdown
Meta Threatens to Shut Down Facebook and Instagram in Nigeria Amid $290M Fines Read More »
What’s Happening? Jetpad, a crypto startup founded in Anambra State,Southeast Nigeria, has received a $75,000 grant from the Stellar Community Fund to expand its latest innovation – the Jetpad Smart Wallet. This funding supports Jetpad’s broader mission to simplify crypto access across Africa by delivering user-friendly blockchain products tailored for everyday users. Unlike traditional wallets
What’s Happening? Nigeria’s Central Bank (CBN) has officially approved the nationwide rollout of open banking, with banks and regulated financial institutions required to begin secure data sharing by August 2025. This move positions Nigeria as the first country in Africa to operationalize open banking, four years after the initial regulatory framework was introduced With this
CBN Approves Open Banking Rollout in Nigeria, Starting August 2025 Read More »
What’s Happening? Bolt, the leading ride-hailing platform in Africa, has launched its first fleet of electric tricycles in Lagos, signaling a major step in its push for sustainable urban mobility across West Africa. Starting in May, 25 electric tricycles-developed in partnership with Lagos-based SGX Mobility-will be available for booking directly within the Bolt app. This
Bolt Launches ₦3.2M Electric Tricycles in Lagos with 15% Driver Commission Read More »
What’s Happening? Maroc Telecom reported a 5.9% decline in its first-quarter net profit for 2025, attributing the downturn to regulatory penalties and increased operational costs in its domestic market. The company’s net profit fell to MAD 1.43 billion ($154 million), while consolidated revenue decreased by 2% to MAD 8.8 billion. The revenue drop was primarily
Maroc Telecom’s Profit Falls 5.9% Amid Regulatory Fines Read More »
What’s Happening? Nigerian fintech company Bankly has been acquired by investment firm C-One Ventures, just seven months after the appointment of its new Managing Director, Stephen Amodu. While the financial terms of the deal remain undisclosed, a statement reviewed by Techpoint Africa indicates that Bankly will be integrated with other fintech entities within C-One Ventures’
Bankly Acquired by C-One Ventures to Expand Fintech Portfolio in Nigeria Read More »