The Federal Competition and Consumer Protection Commission (FCCPC) has officially commenced the implementation of the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations (DEON Consumer Lending Regulation), 2025, marking a decisive move to curb widespread malpractice in Nigeria’s fast-growing digital lending space. Addressing Consumer Exploitation For years, Nigerians have raised…
Author: Staff Writer
Staff Writer
I am a staff at Innovation Village.
Nigerian agri-tech platform Babban Gona has secured a $7.5 million debt investment from British International Investment (BII), strengthening its mission to transform smallholder farming and build climate resilience in Northern Nigeria. Tackling Barriers for Smallholder Farmers Across Northern Nigeria—responsible for over half of the country’s maize output—millions of smallholder farmers…
Union Bank of Nigeria has officially completed its merger with Titan Trust Bank Limited, closing a chapter in Nigerian banking history and opening a new era for one of the country’s oldest financial institutions. The consolidation, approved by the Central Bank of Nigeria (CBN), marks the full absorption of Titan…
Twelve months ago, Peerless Technologies made a bold commitment: to build a modern core banking solution in Africa that truly reflects the realities of African markets. One year later, that promise has taken firm root with SeaBaas, its flagship platform, now powering institutions across Nigeria and beyond. What began as…
Samsung’s latest mid-range models, the Galaxy A56 and A36, share many core traits—a large 6.7-inch Super AMOLED display with FHD+ resolution and a smooth 120 Hz refresh rate, both powered by 5,000 mAh batteries and equipped with 45W fast charging. But dig deeper, and meaningful differences emerge. FeatureSamsung Galaxy A56Samsung…
Google has confirmed a massive security breach that exposed data tied to 2.5 billion Gmail users, after hackers infiltrated the company’s Salesforce database in a sophisticated social engineering campaign. The attack, carried out by the cybercriminal syndicate ShinyHunters, highlights how even the most advanced technology companies remain vulnerable when employees…
Nigeria’s Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, has emerged as one of the leading voices shaping the global conversation on artificial intelligence (AI). His recent inclusion in the TIME100 Most Influential People in AI for 2025 marks not only personal recognition but also a validation of Nigeria’s…
Africa’s richest man, Aliko Dangote, has struck a landmark $2.5 billion agreement with the Ethiopian government to build one of the world’s largest fertilizer plants, positioning Ethiopia as a regional hub for agricultural inputs while advancing his own pan-African industrial ambitions. The deal, signed in Addis Ababa, will see Dangote…
Access Holdings Plc has announced the appointment of Mr. Innocent Ike as its substantive Group Managing Director/Chief Executive Officer, effective August 29, 2025, following regulatory approval. The decision marks a new chapter for the holding company while also recognizing the impactful leadership of Ms. Bolaji Agbede, who has served as…
Moody’s Corporation has announced plans to acquire a majority equity stake in the Middle East Rating & Investors Service (MERIS), a leading domestic credit rating agency in Egypt. The move strengthens a partnership that has lasted for more than two decades and underscores Moody’s commitment to supporting the development of…
The last few years have been difficult for Bungie. The studio has faced criticism for repetitive content, balance issues, and declining community activity. Player numbers have fallen, meaning that new releases have not replicated the success of the first installments. The upcoming Destiny: Rising should be a new start for…
The Central Bank of Nigeria (CBN) has issued a new directive mandating all licensed payment operators—including Deposit Money Banks (DMBs), Microfinance Banks, Mobile Money Operators, Payment Terminal Service Providers (PTSPs), and Super Agents—to comply with the ISO 20022 standard for payment messaging. In addition, all Point-of-Sale (POS) terminals in the…
Nigeria has unveiled a major step toward reshaping its automotive sector with the launch of a cutting-edge automotive training centre at the Lagos State University of Science and Technology (LASUSTECH), Ikorodu. The initiative, inaugurated by the Federal Government, is designed to strengthen local vehicle production, accelerate electric vehicle (EV) adoption,…
India has outlawed online gambling after 450 million citizens lost billions on money games. The new law bans fantasy sports and betting apps, while promoting esports and safe social games as part of the country’s digital future.
Sahel Capital’s Social Enterprise Fund for Agriculture in Africa (SEFAA) has secured a $10 million investment from the Mastercard Foundation Africa Growth Fund, a move that could reshape financing for agricultural small and medium-sized enterprises (agri-SMEs) across sub-Saharan Africa. The deal, channeled through MEDA Mauritius, underscores growing recognition that Africa’s…
Yaba College of Technology has landed fresh international backing for its research ambitions. The Lagos-based institution secured a €117,000 (₦200 million) grant from the European Union to build an integrated, solar-powered aquaponics system that combines catfish farming with vegetable and maize cultivation. The project—known as AQUACLEC—is designed to address one…
Progress is inevitable. In mankind’s quest to know the unknown and solve the unsolvable, we’ve built machines that fly, devices that talk, and gadgets that think. This technological run of innovation has been more of a sprint than a marathon. Scores of people around the world have contributed to this…
In the world of toys, few characters have achieved the meteoric rise of Labubu—a sharp-toothed, bunny-eared elf born from the imagination of Hong Kong illustrator Kasing Lung. What began in 2015 as part of Lung’s whimsical series The Monsters has since evolved into a multi-billion-dollar global craze, reshaping the fortunes…
Meta Platforms has entered into a landmark cloud computing deal with Google worth more than $10 billion, underscoring the social media giant’s intensifying investment in artificial intelligence infrastructure. The six-year agreement will see Meta leverage Google Cloud’s servers, storage, networking, and related services to support its growing AI operations, according…
MTN Group has announced a major leadership shake-up as part of its strategic realignment for 2025, unveiling new executive appointments that will take effect from 1 November 2025. Among the most significant changes is the expanded role of Karl Toriola, who will now serve as Vice President (VP) of Francophone…