GTCO injects ₦365.9 billion into GTBank to meet new capital rules
One of Nigeria’s largest financial services groups, Guaranty Trust Holding Company Plc (GTCO), injects ₦365.85 billion ($236 million) into its flagship subsidiary, Guaranty Trust Bank Limited (GTBank), to meet Nigeria’s new capital requirements for lenders with international authorisation. The move, announced in a regulatory filing on Friday, comes through the issuance of
Roqqu lists the cNGN stablecoin on its platform
Four months after talks began, Nigerian crypto company Roqque lists the cNGN stablecoin, a stablecoin pegged 1:1 to the local currency. It joins Busha, Quidax, Xend Finance, Blockradar, and Boundlesspay, among startups that now support the token. Launched in February and distributed by the WrappedCBDC team, the cNGN stablecoin now has ₦604 million
Hortense Mbea: Building Afropian to Celebrate African Heritage Through Fashion
What does it mean to wear Africa proudly? For Hortense Mbea, founder and creative director of Afropian, it’s more than fashion—it’s a love letter to Africa, a movement of storytelling, heritage, and pride stitched into every design. Born in the United States to Cameroonian parents, raised across Western countries, and
Access Holdings appoints Innocent Ike as Group CEO
Access Holdings appoints Innocent Ike as its substantive Group Managing Director and Chief Executive Officer, effective August 29, 2025, after securing regulatory approval. The move marks the end of Bolaji Agbede’s 18-month stint as Acting Group CEO, during which she guided the financial services group through one of the most
T2, formerly 9mobile, posts first subscriber gain in 20 months
T2 Mobile, formerly 9mobile, posted its first subscriber gain in nearly two years in July 2025, reversing a 20-month decline, even as Nigeria’s telecom industry shed 2.4 million customers, according to the Nigerian Communications Commission (NCC) data. The rebound comes on the heels of T2’s August 2025 rebrand and a roaming deal with MTN
Why African Startups are Gaining Global Attention (and What’s Next)
In recent years, the African startup ecosystem has exploded onto the global stage. Investors and media alike are tuning in as young entrepreneurs launch innovations—from mobile payment platforms to healthtech apps—that address pressing local challenges. By the end of the first half of 2025, African startups had already raised over
Open Access Data Centres to connect African businesses directly to the cloud
Open Access Data Centres (OADC), a carrier-neutral data centre provider, has launched a new service, Open Access Fabric (OA Fabric), to connect African businesses, starting with Nigeria, directly to the cloud. OADC CEO Ayotunde Coker said the platform is built on nearly two decades of investment in subsea and terrestrial
How Amina Asu-Beks is Changing the Way Nigerians Shop
In a country where every naira counts and prices seem to rise by the day, one entrepreneur is on a mission to make shopping smarter, simpler, and more affordable. Meet Amina Asu-Beks, founder of Prizeless, an AI-powered shopping assistant designed to help Nigerians stretch their budgets, compare prices seamlessly, and
Lebara opens number reservation portal to woo customers ahead of Q3 launch
Lebara Nigeria, a subsidiary of the London-based global telecom operator Lebara Group, has launched its Number Reservation Portal, enabling customers to secure their preferred mobile numbers ahead of its official launch in Q3 2025. The system, built around the carrier’s 0724 prefix, allows users to lock in combinations with personal
Today Africa Weekly: Tech news recap | August 18–24, 2025
Last week (August 18–24, 2025) was quieter on the funding front, but eventful for the broader African tech ecosystem. Instead of big venture announcements, the spotlight shifted to policy reforms, infrastructure investments, and market-shaping moves that could redefine the landscape for years to come. From fresh capital commitments in telecoms
