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Moove expands to Mexico, a months After U.S. Launch

TechMetroo03 mins

Just a month after its US debut, Nigeria’s Moove, a startup financing vehicles for ride-hailing drivers—has officially expanded into Mexico. The startup which  operates by plugging its special credit scoring system into ride-hailing and delivery platforms. The startup operates by plugging its special credit scoring system into ride-hailing and delivery platforms. This lets them see how drivers and delivery folks are performing and making money, so they can decide who gets loans. Moove offers loans by selling new cars, covering up to 95% of the cost within five days of signing up. Customers can then repay these loans over 24, 36, or 48 months, using a part of their weekly earnings. The company aims for profitability by 2025, marking a significant milestone for African startups amid…

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Starlink Price Hike Controversy: NCC Withdraws Statement on Unapproved Increase

TechMetroo03 mins

The Nigerian Communications Commission (NCC) recently made a surprising change regarding its stance on Starlink’s price increase. Earlier, the NCC had expressed surprise over Starlink’s announcement of new subscription rates in Nigeria, claiming that the company had not received regulatory approval for the price adjustment. It was noted that while Starlink had filed a request…

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Nigeria Launches $1.5 Million AI Fund Following Backlash of Google’s ₦100 Million Initiative

TechMetroo02 mins

The Nigerian government is reportedly set to launch a $1.5 million (₦2.5 billion) fund to promote the development of Artificial Intelligence (AI) in the country. The announcement was made by Dr. Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy, during an interview on Arise TV. This initiative, backed by Luminate, a global foundation,…

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SEC Charges Ex-Tingo Accountant for Role in #250 million group Fraud Scheme

TechMetroo05 mins

The U.S. Securities and Exchange Commission (SEC) has charged Nigerian accountant Olayinka Oyebola and his firm, Olayinka Oyebola & Co. (Chartered Accountants), for their involvement in a fraudulent financial scheme linked to Tingo Founder Mmobuosi Odogwu Banye (also known as Dozy Mmobuosi)  This legal action comes after a recent $250 million judgment against Mmobuosi and his companies,…

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Starlink Raises Subscription Fees for Nigerian Customers Amid Economic Challenges

TechMetroo03 mins

Starlink, the satellite internet provider, has announced a significant increase in subscription fees for its Nigerian users, citing economic difficulties as the reason for the adjustment. The price hike impacts both new and existing customers. What’s Changing? For new customers, the price hike is already in effect, while current users will see the new rates…

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President Ruto backs Competition between Starlink and Safaricom

TechMetroo03 mins

Kenya’s President, William Ruto, has publicly supported the presence of Starlink, Elon Musk’s satellite internet service, in Kenya. He believes that Starlink is pushing local competitors like Safaricom to enhance their service quality. Ruto made these remarks during the US-Kenya Business and Investment Roundtable in New York, which took place alongside the United Nations General…

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NATCOMS Requests NIN-SIM linkage deadline Extension as Telcos Start Disconnecting Lines

TechMetroo02 mins

Nigerian Telecom Subscribers Seek NIN-SIM Linkage Extension The National Association of Telecommunications Subscribers (NATCOMS) has called for a two-week extension of the National Identification Number (NIN) and Subscriber Identification Module (SIM) linkage deadline. This request comes as telecom operators prepare to disconnect unlinked lines after the current September 14, 2024 cutoff. NATCOMS President Deolu Ogunbanjo…

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