Lendsqr develops AI to assess Nigerian borrowers by face and voice
Lendsqr is building an AI model to analyze borrowers' voices and faces for loan qualification. The model aims to assist Nigerians without financial documentation in obtaining small loans between ₦30,000 and ₦50,000.
Nigerian ride-hailing drivers to strike on May 1 over low fares and poor working conditions
Ride-hailing drivers in Lagos announce plans to suspend services on May 1, 2025. Drivers protest against low fares and high commission rates imposed by platforms like Uber and Bolt.
Nigeria’s solar import ban threatens growth of solar financing startups
The Nigerian government intends to prohibit the importation of solar panels to boost local manufacturing. This initiative aligns with Presidential Executive Order No. 5, which emphasizes local content in technology sectors.
Zipline to launch drone logistics in five additional states in Nigeria
Zipline plans to expand to five additional Nigerian states by the end of 2025. The company signed a memorandum of understanding with the Nigerian government in September 2024.
The result of Starlink's price increase
Starlink doubles subscription prices in Nigeria due to excessive inflation. Standard residential plan now costs ₦75,000 ($48) per month, up from ₦38,000 ($24).
