The exchange rate between the US dollar and the Nigerian naira remained relatively stable on today, Wednesday, May 6, 2026, across both official and parallel market segments, reflecting ongoing efforts to stabilise the foreign exchange market. At the official window, data from the Nigerian Foreign E
Arista Networks and partners say improved networking solutions can reduce data centre power consumption by up to 30%, as Nigeria’s digital infrastructure demand continues to grow. The post Arista, Partners Promise 30% Power Savings for Nigeria’s Data Centres as Demand Increases appeared first on Tec
Adams Oshiomhole, the senator representing Edo North, on Tuesday called for the revocation of licences of South African companies operating in Nigeria including MTN and MultiChoice, owners of DSTV. His reasons? The Senator is not happy following renewed xenophobic attacks against Nigerians in South
FirstCap Limited, an investment banking firm, has successfully closed the ₦4.46 billion Series 1 Bond Issuance by LAPO MFB SPV Plc, reinforcing its strong leadership in Nigeria’s debt capital markets and deepening access to long‑term funding for high‑impact sectors. Acting as Lead Issuing House, Fir
This Is Nigeria, a community-driven storytelling platform, has officially announced the launch of “The 36: Nigeria Unscripted,” a groundbreaking travel and documentary series aimed at reshaping how Nigeria is perceived both locally and globally. For decades, Nigeria’s story has often been told throu
Cape Town-based logistics technology startup Shiprazor has secured $2.65 million (R44 million) in seed funding to address one of Africa’s most persistent barriers to e-commerce growth: fragmented and costly delivery infrastructure. The funding round was led by Norrsken22, with participation from AAI
“Gaming is a young industry in Africa, but it’s promising,” Leti Arts CTO and Co-Founder Wesley Kirinya told TechMoran on the sidelines of the recent Games & SDG Summit in Nairobi. “It’s still a young industry in Africa, but it’s promising especially because the continent has rich stories and conten
Digital Policy Alert, an independent, public repository tracking policy changes shaping the digital economy is quickly becoming an essential infrastructure in a regulation-driven tech landscape. Launched in 2021, Digital Policy Alert (DPA), is available in more than 50 jurisdictions and covers areas
OPay Digital Services Ltd. has hired Citigroup, Deutsche Bank and JPMorgan Chase to work on a potential U.S. initial public offering that could value the Nigerian fintech at about $4 billion, people familiar with the matter said. The listing could take place later in 2026, the sources said, cautioni
Nigerian credit management startup Bfree has raised $3.1 million from undisclosed investors to scale its artificial intelligence-powered platform for recovering and restructuring defaulted digital loans across Africa. The fresh funding comes after a $2.95 million equity round in 2024 led by Capria V
Reedapt is now focused on becoming the go-to dubbing and real-time multilingual streaming platform for Nollywood filmmakers, churches, and African content creators who want their work to travel further than the English language will take it.
In today's edition: OPay eyes US IPO || StanChart reduces headcount in Kenya || Rwanda mulls social media ban for children || SA opens public comment on rules affecting businesses
Vertiv, a global leader in critical digital infrastructure and continuity solutions, has acquired Strategic Thermal Labs LLC (STL), a specialist in advanced liquid-cooling technologies. The acquisition extends Vertiv’s thermal-chain strategy by strengthening engineering capability at the interface b
The United States has moved to ease visa restrictions affecting Nigerian and other foreign-trained doctors, in what observers describe as a significant policy shift driven by mounting pressure on the country’s healthcare system. Recent updates from U.S. immigration authorities indicate that foreign
