Category: Fin-Tech

Nigeria Attracts More Investments than Other African Countries as Huawei Invests $76M?

Huawei technologies Company Nigeria Limited, a leading tech company in the Nigerian telecoms markets says it has made a total investment of $76 million in the country. The managing Director, Mr Trevor Liu said this to Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning in Abuja, he also mentioned the company made procurements worth $630 million with a tax revenue of $103 million between 2016 and 2019.

Is The Nigerian Government Playing Catch Up? FG Expands Collaborations with Investors as Facebook Plans To Open Office in Lagos

Yemi Osinbajo, Vice President of the Federal Republic of Nigeria on Friday during a chat focused on the digital economic pillar of the Nigerian Economic Sustainability Plan, NESP with Facebook’s Vice President on Global Affairs and Communications, Sir Nick Clegg restated the Federal Government’s determination to boost the nation’s technology sector and digital economy.

Toyota is set to invest $800M in Automation, AI, Connectivity and Others?

Reports have it that Toyota, the Japanese multinational automotive manufacturer is creating a new $800 million global investment fund designed to support growth stage companies that develop innovative technologies in automation, AI, machine learning, data and analytics, connectivity and smart cities; and as such is transitioning from good old fashioned car making to an extensive focus on technological advancements.

Pay in 4- PayPal’s Entry into the Growing Buy-Now-Pay-Later Scheme but with a Twist that May Interest Nigerians

PayPal recently launched Pay in 4, a short term interest free instalment offering for merchants in the US. Pay in 4 is a payment process that makes it possible for merchants to get paid upfront while customers pay for purchases that cost between $30 and $600 in four installments over a 6-week period with no fees or interest. The online finance service says this product can help merchants drive conversion, revenue and customer loyalty without taking on additional risk or paying any additional fees.