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Africa Innovation Watch provides unparalleled access to news stories and events shaping the African tech world today.

USDT Adoption in Nigeria Driven by Real Peer-to-Peer Payments, Not Speculation — YDPay Exec

YDPay COO Nathaniel Luz reveals that stablecoins like USDT are mostly used for peer-to-peer payments and cross-border transactions in Nigeria, powering freelancers, digital subscriptions, and…

By: Ovie George

Lagos, MTN Partner to Transform Obalende Under-Bridge Into Y’ELLO Bus Park

Lagos State and MTN Nigeria are redeveloping the Obalende under-bridge into Y’ELLO Bus Park, a modern transport hub featuring solar power, CCTV surveillance, and organised…

By: Africa Innovation Watch

PayPal Partners Paga to Enable Payment Receipts for Nigerians After Years of Restrictions

PayPal has launched payment-receiving capabilities for Nigerians through a partnership with fintech firm Paga, ending nearly two decades of inbound payment restrictions….

By: Adamu Garba

Trove Finance Buys UCML Securities, Becomes SEC-Licensed Broker in Nigeria

Nigerian fintech Trove Finance acquires UCML Securities, rebranding it as Innova Securities and securing SEC broker-dealer status, enhancing platform control and investment innovation….

By: Ovie George

Meta to Roll Out New Paid AI Subscriptions for Instagram, Facebook, and WhatsApp

Meta is set to introduce new paid subscription tiers across Instagram, Facebook, and WhatsApp, offering AI-powered productivity and content creation tools beyond its verification service….

By: Adamu Garba

Egypt Considers Social Media Ban for Young Teens Amid Child Safety Fears

Egypt is drafting legislation to restrict young teenagers from accessing social media platforms, citing online abuse, harmful content, and growing risks to children’s safety….

By: Adamu Garba

European Commission Probes X Under DSA Over Sexual Deepfakes and Grok AI Risks

The EU has opened a new Digital Services Act investigation into X, examining risks linked to sexual deepfakes and the use of its AI chatbot…

By: Adamu Garba

EU Labels WhatsApp a Very Large Online Platform Under Digital Services Act

The European Commission has designated WhatsApp as a Very Large Online Platform under the Digital Services Act, giving Meta until May 2026 to meet stricter…

By: Adamu Garba

EFCC Drags UBA, Two Firms, and Executives to Court Over ₦4.3bn Forex Fraud Allegations

The EFCC has filed a ₦4.3 billion foreign exchange fraud case against UBA, two companies, and two individuals over alleged FX rate manipulation and money…

By: Adamu Garba

CBN Grants Nationwide Licences to Opay, Moniepoint, Kuda in Fintech Regulatory Upgrade

The Central Bank of Nigeria has upgraded the licences of major fintechs and microfinance banks, including Opay, Moniepoint and Kuda, enabling nationwide operations under stricter…

By: Ovie George

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