Just a short while after securing the approval of Nigeria’s Apex Bank, Central Bank of Nigeria (CBN), to commence international money transfer in Nigeria; the Nigeria-based fintech company OPay has raised $120 million Series B funding from a group of Chinese investors. Participating in the round include existing investors Meituan-Dianping, Source Code Capital, IDG Capital, Sequoia China and GSR Ventures who funded the company’s $50 million raise in July.
OPay which has been running public bus service — OBus, has reportedly suspended the operations. The limited route service which has been in its beta testing for close to four months, has gained a lot of interests amongst commuters within the city but in the same breathe had peculiar difficulties with competitions within the state.
Jack Ma, the co-founder and former chairman of Alibaba Group (the renowned e-commerce and tech firm), has arrived in Nigeria for the first Digital Economy Summit holding at the State House, Abuja.
OPay, a provider of payment, ride-hailing, food delivery and loan services have been given approval by Nigeria’s Apex Bank Central Bank of Nigeria (CBN) to commence international money transfer in Nigeria
Based on a recent report by Sky News, Nigerian pioneer fintech business, Interswitch, is getting an investment of $200m from Visa for a 20% stake in the company.
The Nigeria Internet Registration Association (NIRA) auction for the premium Top Level Domain (TLD) names will take place on Twitter on the 18th of November, 2019 till 19th of November, 2019.
Building up on their already impressive catalogue of digital content, MTN Nigeria has launched a music-streaming platform named “MusicTime!”.
Our undercover reporters spoke to 57 people in Kuwait selling domestic workers via 4Sale, an app provided and approved by Google and Apple
The Association of Cable Operators of Nigeria (ACON) said they have lost over NGN 500 million in revenue after a raid, seizure of equipment and arrest of some of their colleagues by operatives of the Economic and Financial Crimes Commission (EFCC), reports CommunicationsWeek.
Chinese pay-TV company StarTimes has completed a China-aided satellite TV project for 1,000 villages in Nigeria, aimed at providing digital TV access to rural communities in the most populous African country.