Daily Newsletter

June's $515 million looks like a comeback. But 91 per cent of it was equity — more equity than the previous five months combined — and a single company, Spiro, the Beninoise electric-motorbike firm, contributed $270 million of that alone.

Nigeria's financial system processed over ₦1 quadrillion in electronic transactions last year. Almost all of it ran through Amazon, Microsoft, and Google's servers — sitting outside Nigeria's borders.

The striking thing about this deal isn't the size — it's who wrote the cheques.

Moniepoint and OPay spent years building what Nigerian banks ignored — a payments network woven into small businesses, earning fees on every transaction while quietly becoming the most trusted financial relationship millions of merchants…

Powertel and Paratus activated a new fibre route into Zimbabwe on Sunday. By Monday evening, a fault on a single 330kV transmission line had collapsed the entire national grid — and with it, every digital service that fibre was meant to…

NITDA's 2022 platform code, the NCC's December 2025 draft internet rules, and the NDPC's data law all land on the same desk at the same platform — with no single answer on who's actually in charge.

$10.6 billion across 500-plus firms sounds authoritative. But divide it out and the average Nigerian fintech is worth around $20 million — which tells you the headline number is being carried by a handful of large players, not a broad…