For years, the African fintech hype has been dominated by consumer-facing neobanks. However, the next wave of value may come from building the operating system for the continent’s massive, offline, trust-based economies. The prime example of this thesis is Coopify, a Nigerian fintech building the core infrastructure for the cooperative finance sector, a multi-billion-dollar industry that serves as a primary source of credit for millions, but has historically run on paper ledgers. Coopify (www.Coopify.africa) started as an on-premise solution for the staff cooperative of a major Nigerian bank but has evolved into a scalable, self-service SaaS platform. “We knew the…
Author: DigitalTimesNG
News Highlights: Massive Discounts and Exclusive Offers Special Travel and Health Deals As the season of love approaches, Konga Group, Nigeria’s leading composite e-commerce platform, is spreading joy and affordability to its customers with an array of exciting discounts and offers. From Wednesday, February 5th, to Sunday, February 16th, 2025, Konga is ensuring that lovers celebrate Valentine’s Day without straining their pockets. This special campaign is designed to help shoppers share love while saving money, making it easier than ever to create unforgettable moments with loved ones. Konga has always been committed to providing value to its customers, and this…
—-Introduces Exciting Products Into Nigerian Market LG Electronics has once again solidified its position as a global technology leader by securing over 100 prestigious awards and accolades at CES 2025. Recognized for ground-breaking innovations across multiple categories, LG’s commitment to cutting-edge technology and consumer-focused solutions continues to earn widespread acclaim. Amidst this global recognition, the Managing Director of LG Electronics Nigeria is leveraging CES 2025 to announce the introduction of new state-of-the-art LG products into the Nigerian market. This strategic move underscores LG’s dedication to delivering top-tier technology tailored to the evolving needs of Nigerian consumers. At CES 2025, LG…
—-A webOS Upgrade That Makes Their TVs Feel Brand New LG Electronics (LG) is offering the latest upgrade of the webOS smart TV platform to owners of older LG 4k and 8k Smart TVs, effectively evolving their smart TV into the ultimate home entertainment hub, reports Digital TimesNG. webOS Renew program from LG, is made to enhance the user experience on LG smart TVs by providing software upgrades and new features without needing to buy a new TV. This allows the user to upgrade webOS platform on their existing LG TV, with giving access to the latest apps, improved user…
In Africa’s economically diverse and highly competitive market, building customer loyalty has never been more important for businesses. The continent’s consumers are highly price-sensitive, driven by the need to get a bargain or good deal on purchases. Indeed, research on consumer behaviour indicates that affordability and value for money are top considerations for many Africans when making purchasing decisions. For businesses seeking to stand out and thrive, discount solutions such as those offered by SeerBit provide a powerful way to attract and retain customers. These strategies not only build trust but also inspire repeat patronage, turning casual buyers into lifelong…
By Toby Prince In the heart of Nigeria’s digital economy, a story of patriotism and resilience unfolds. The telecommunications sector, a driving force behind the country’s growth, has been facing unprecedented challenges. Despite its significant contributions to Nigeria’s social and economic development, the sector has been struggling to keep up with the rising costs of operations. For nearly a decade, telecom tariffs in Nigeria remained unchanged, while the demand for data and voice services skyrocketed. The cost of operations, however, surged due to rising energy costs, inflation, currency devaluation, and increased costs of importing telecom equipment. These mounting expenses threatened…
News Highlights: Project aims to bridge the digital divide and empower communities, particularly women and youths. First Lady revealed that four ICT centres have been constructed under the initiative, with more set to be launched. Nigeria’s First Lady and Chairperson of the Renewed Hope Initiative (RHI), Senator Oluremi Tinubu, has inaugurated a new ICT Community Centre at the Kwara State College of Education, Ilorin, reports Digital TimesNG. The project, built by the National Information Technology Development Agency (NITDA) in collaboration with RHI, aims to bridge the digital divide and empower communities, particularly women and youths. At the event, the First…
By Elvis EROMOSELE Economists say inflation is a persistent rise in prices. It happens when there’s too much money chasing too few goods. Inflation in Nigeria today has become a huge challenge, affecting businesses, consumers, and the overall economy. As inflation rates soar above acceptable thresholds, companies are navigating uncharted waters to stay afloat. Inflation is bad for everyone. It erodes the purchasing power of consumers, increases the cost of raw materials, and heightens operational expenses. For businesses, the ripple effect can be devastating including but not limited to reduced profit margins, lower consumer spending, and the constant pressure to…
News Highlights: West Africa reported a 22% rejection rate, rising sharply from 12% in 2023, driven by a surge in biometric fraud case. Financial sector leads in fraud exposure as digital banks recorded peak fraud attempts at 35% of all biometric and document verifications in 2024, followed by microfinance at 30%. Smile ID, Africa’s leading provider of identity verification solutions, has released its 2025 Digital Identity Fraud in Africa Report, highlighting critical fraud trends across the continent. The report, made available to Digital TimesNG, reveals that West Africa recorded the highest number of biometric fraud rates in 2024, driven by…
The Thisday Awards on January 27 in Lagos honoured tech pioneers Leo Stan Ekeh, Chairman of Zinox Group, and his son, Prince Nnamdi Ekeh, CEO of Konga Group. Leo Stan won CEO of the Year, while Prince received the Young Global Leader Award for his impact on e-commerce. SOLA ODUMOSU, an ICT media connoisseur, writes that this historic father-son recognition highlights their legacy in shaping Africa’s digital future. History was made on the evening of Monday, January 27, in Lagos at the colourful Thisday Awards ceremony when serial digital entrepreneur, Leo Stan Ekeh, shared the same podium with his son,…