Global payments infrastructure provider Thunes has announced a landmark collaboration with Sterling Bank, one of Nigeria’s leading full-service commercial banks, to significantly improve cross-border payments for Nigerians living abroad. The partnership is designed to make it faster, simpler, and more transparent for diaspora Nigerians to send money home. With an…
Author: Staff Writer
Staff Writer
I am a staff at Innovation Village.
NVIDIA has just unveiled Alpamayo, a breakthrough it describes as the world’s first thinking and reasoning autonomous vehicle (AV) AI. According to CEO Jensen Huang, Alpamayo represents a fundamental shift in how self-driving systems work—moving from pattern recognition to genuine machine reasoning. The platform is set to debut on U.S.…
Heirs Energies, Africa’s leading indigenous integrated energy company, has acquired the entire 20.07% equity stake previously held by Maurel & Prom S.A. in Seplat Energy Plc, marking a major milestone in Nigeria’s energy sector and one of the most significant indigenous-led equity transactions in recent years. The deal involves the…
If you have an account in any bank in Nigeria, you would have received an email informing you of the change to Stamp Duty on Electronic Transfers in Nigeria Effective 1 January 2025. Nigeria’s stamp duty framework for electronic transfers is undergoing a significant operational shift under the Nigeria Tax…
Transgrid Enerco Limited has completed the acquisition of a 60 percent controlling stake in Eko Electricity Distribution Company (Eko DisCo) in a transaction valued at approximately ₦360 billion, marking one of the largest privately negotiated takeovers in Nigeria’s power distribution sector since the 2013 privatisation exercise. Innovation Village initially reported…
Billionaire investor Femi Otedola has formally exited Geregu Power Plc in a landmark transaction valued at approximately $750 million, marking one of the largest private divestments in Nigeria’s power sector and a significant turning point in the country’s post-privatisation energy landscape. The exit was executed through the sale of Otedola’s…
During the opening week of the 2025 Africa Cup of Nations (AFCON) taking place in Morocco, fans watching matches noticed something remarkable. Despite persistent and, in some cases, heavy rainfall, the pitches across all venues remained firm, playable, and visually pristine. No waterlogging, no muddy patches, and no disruption to…
When Abia State rolled out its first batch of electric buses supplied through a partnership with Coscharis Motors, it marked more than the introduction of new vehicles into the state’s transport system. The move signaled a growing willingness by subnational governments in Nigeria to experiment with cleaner mobility solutions and…
Canada is making a significant shift in its business immigration strategy, announcing a pause on key components of its Start-Up Visa Program as it prepares to launch a new, more targeted entrepreneur pilot in 2026. The changes, confirmed by Immigration, Refugees and Citizenship Canada (IRCC), are part of broader efforts…
Ghana has taken a decisive step toward formalising its fast-growing digital asset market after lawmakers approved a new law to legalise and regulate the widespread use of cryptocurrency. The move marks a significant shift in the country’s approach to digital finance, replacing years of regulatory uncertainty with a clear legal…
World of Warcraft Classic brings the game back to its original design philosophy. It is concerned with slower development, purposeful decisions, and good social engagement. To a lot of new players, Classic provides a more realistic and considered playing experience compared to other modern online games. Want to know the…
Egypt-based deeptech company Nawah Scientific has closed a $23 million Series A round, combining equity and debt, marking a major milestone for Africa’s life sciences and research ecosystem. The round was led by Life Ventures Holding, with participation from Den Ventures, Empire M, AfricInvest, Elsewedy, as well as banks and…
Kigali-based fintech Kayko has raised $1.2 million in seed funding to deepen its mission of digitising small and medium-sized businesses and unlocking access to formal credit across Rwanda. The round was backed by Burrow Capital, Luxembourg Development Agency, Hanga Ignite by BRD, and develoPPP Ventures, reflecting growing investor confidence in…
When Bolu Adeyemi** (not real. name) walked into a bank branch in Ikeja to open a new account, she expected the process to be routine. She had all her documents ready, including her National Identification Number (NIN). But after waiting in line, she was told something she had heard far…
President Bola Ahmed Tinubu has taken a firm position on the controversial Central Gaming Bill, making it clear that he will not sign it into law. The decision has reignited an important national conversation around constitutional authority, federalism, and how Nigeria should regulate its fast-growing gaming and lottery sector. The…
Detty December in Nigeria is more than a season; it is an economic event. From Lagos to Abuja, the last weeks of the year trigger a surge in spending across nightlife, hospitality, fashion, e-commerce, travel, and events. Concerts sell out in minutes, restaurants extend operating hours, online merchants see record…
When Afrobeats superstar Davido popped up on Carter Efe’s Twitch livestream, it wasn’t just a fun celebrity cameo—it became a case study in how live, interactive internet culture is starting to reshape audience-building in Africa. Within days, multiple Nigerian outlets reported that Carter Efe’s Twitch following surged from roughly 322,000…
Working across time zones has become the norm for many businesses. Whether your team is split between New York and Sydney or scattered across five continents, asynchronous work is now a core part of collaboration. But while the flexibility of a global team can be a major strength, it also…
Nigeria’s National Identity Management Commission (NIMC) has recorded a significant milestone in its digital identity drive, with 123.9 million unique National Identification Number (NIN) enrolments as of October 31, 2025. The figures underscore steady progress in expanding Nigeria’s foundational digital identity system, while also highlighting persistent structural and regional gaps…
Two of the world’s largest online learning platforms, Coursera and Udemy, have announced a landmark $2.5 billion all-stock merger, marking one of the most significant consolidations in the global edtech industry. The deal, expected to close in the second half of 2026, brings together complementary strengths at a time when…