News

Paystack CEO doubles down on his effort to build a football empire

Shola Akinlade, Paystack co-founder and CEO has acquired a 55% stake in Aarhus Fremad, a Danish football club. This acquisition will bolster the growth of his Nigeria-based club, Sporting Lagos.

Uber wants to roll out EVs in Africa, but it needs the government

As part of its efforts to be a zero-emission company by 2040, Uber is engaging with African governments to develop policies that will enable the adoption of electric vehicles (EVs).

Payday raises $3 million Seed funding to drive product expansion

Payday, with over 330,000 users and 40,000 daily transactions, has raised a $3 million Seed round led by Moniepoint Inc., a later-stage financial services holding company.

Fez Delivery secures $1M seed to deepen its last-mile logistics offering in Nigeria

Fez Delivery, a leading logistics and delivery company, has raised a $1 million seed fund in a round led by Ventures Platform. The Lagos-based company wants to expand across Nigeria and other countries in Sub-Saharan Africa.

Lagos relaunches Workspace Voucher Program for startups

The Workspace Voucher Programme by Lagos Innovates has been relaunched to facilitate access to well-equipped workspaces for Lagos-based startups.

Starting April 2023, Twitter's legacy blue checkmarks will be revoked

Twitter is rolling out the legacy verified program that allows notable individuals to have blue checkmarks next to their names, the checkmarks will only be left for Twitter Blue subscribers.

eNaira transactions surge amidst cash shortage, CBN says

The Central Bank of Nigeria has disclosed that eNaira transactions have experienced growth amidst the ongoing cash crunch in the country. The value of transactions has surged to 63%.