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CBN approves JPMorgan’s plan to establish merchant bank in Nigeria·CBN approves JPMorgan’s plan to establish merchant bank in Nigeria·

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Real-time coverage of Africa's startup ecosystem, funding landscape, and policy environment.

Africa

Airtel Money revenue hits $830 million as African users reach 56.7 million

Airtel Money recorded $830 million in half-year revenue and $228 million in profit, with 56.7 million customers transacting an average of $397 monthly.

Chinaturum Iheoma·Oct 26, 2026·3 min read
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02
Digital Banking

First HoldCo spends ₦82.6 billion on IT maintenance as electronic banking revenue grows 6%

Technology maintenance costs rose by ₦14.6 billion at First HoldCo, compared with a ₦4.4 billion increase in electronic banking fee income during the same period.

TechMedia Africa

TechMedia Africa

Oct 26, 20263 min
03
Digital BankingBreaking

CBN approves JPMorgan’s plan to establish merchant bank in Nigeria

After depositing ₦50 billion with the CBN, JPMorgan has cleared an early licensing hurdle as it prepares to enter Nigeria’s merchant banking market.

Mercy Mokah

Mercy Mokah

Oct 23, 20263 min
04
Digital Banking

Cash outside Nigerian banks rises 10.3% to N4.92 trillion in one year

Nigerians held N458 billion more cash outside banks in September 2026 than a year earlier, highlighting continued reliance on physical currency despite expanding digital payments and tighter withdrawal limits.

Chinaturum Iheoma

Chinaturum Iheoma

Oct 22, 20263 min
05
Nigeria

Nigerian lawmakers order MTN, Airtel, Glo CEOs to explain persistent poor network

Nigerian lawmakers are demanding accountability from telecom operators as repeated network outages raise questions about service quality despite substantial infrastructure investments and rising revenues.

Chinaturum Iheoma

Chinaturum Iheoma

Oct 22, 20264 min
06
Internet & Connectivity

Vodacom commits R1 billion to expand 5G and network infrastructure in KwaZulu-Natal

As South Africa’s 5G population coverage reaches 58%, Vodacom is investing R1 billion to address network disparities in KwaZulu-Natal, where rural coverage remains at 15%.

Chinaturum Iheoma

Chinaturum Iheoma

Oct 16, 20263 min
07
Cybersecurity & Identity

South Africa launches anti-spam registry after 17 billion unwanted calls

South Africa is tightening direct marketing regulations after spam calls surged 25.2% to 17.47 billion in six months, requiring marketers to register and comply with new opt-out rules.

Mercy Mokah

Mercy Mokah

Oct 15, 2026
08
Industrial Technology

Microsoft plans Nairobi engineering centre shutdown after closing Lagos hub

Microsoft’s engineering footprint in Africa could shrink further as its Nairobi centre faces a shutdown, following the closure of its Lagos hub in 2024.

Mercy Mokah

Mercy Mokah

Oct 14, 20264 min
09
AI & Big Data

As AI reshapes cyber threats, South Africa faces a cybersecurity talent challenge

With 63% of cybersecurity positions partially or fully unfilled, South Africa faces a cybersecurity talent challenge that goes beyond recruitment as AI reshapes digital threats.

TechMedia Africa

TechMedia Africa

Oct 12, 20263 min
10
Jobs

These are the highest-paying tech jobs in Nigeria, according to report

Amid widespread low wages in Nigeria, six technology careers stand out for their earning potential, offering monthly salaries considerably above the national median and substantial opportunities for higher compensation.

Chinaturum Iheoma

Chinaturum Iheoma

Oct 12, 20266 min
11
Cybersecurity & Identity

Shoprite records four data breaches, identifies cybersecurity as top business risk

Shoprite’s data breaches have risen for two consecutive years, reaching four incidents affecting 44 customers in 2026.

Mercy Mokah

Mercy Mokah

Oct 9, 20263 min
12
Mobility & Logistics

Moove exits Nigeria, transfers N35 billion worth of vehicles to customers

Barely five weeks after Uber’s departure, Moove has announced its exit from Nigeria, transferring N35 billion worth of vehicles to eligible customers and offering free cars to employees.

Chinaturum Iheoma

Chinaturum Iheoma

Oct 9, 20263 min
13
Africa

African founders are giving up part of their shares as equity dominates Q3 funding

Q3 figures are in, and it appears investors are once again becoming more willing to take ownership positions in African startups, with equity accounting for 73% of the $797 million raised during the quarter.

Chinaturum Iheoma

Chinaturum Iheoma

Oct 7, 20263 min