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A quiet revolution is unfolding inside Nigeria’s banking halls. Not the kind with dramatic announcements or overnight overhauls. But the kind that slowly rewires how decisions are made, how risks are assessed, and how customers are served.
What if we told you that one of the most accurate AI tools for handling spreadsheets in the entire world… was built in Nigeria? Not by a billion-dollar tech giant. But by a three-person startup team working quietly behind the scenes.
For years, Chams Holding Company Plc has been one of those companies quietly working behind the scenes. You probably didn’t see them in flashy startup headlines. You didn’t hear about them raising millions every quarter. But chances are?
For the longest time, if you said “venture capital in Africa", one word would immediately follow: fintech. Payments. Lending. Digital banks. Mobile money. That’s where most of the money has gone, and honestly, for good reason.
In 2016, Selar wasn’t a startup with a grand master plan to dominate Africa’s creator economy. It was just an idea. No pitch deck. No market thesis. No “this is how we’ll win” roadmap. Just one simple belief from founder Douglas Kendyson: People don’t just want to consume content sometimes; they want to support the people who create it.
In startup land, raising funding once is impressive. Doing it again? That’s when people start paying very close attention. Nigerian drone startup TerraHaptix has secured yet another $22 million in funding, in a round led by deep-tech-focused venture capital firm Lux Capital.
For decades, buying fuel has followed the same routine across Nigeria — drive in, wait your turn, speak to an attendant, make a transfer (or bring out cash), and hope there’s no delay or mix-up before you leave. Now, that routine may be on its way out.
Okechukwu Nwaozor built an AI system. He was 17, just out of secondary school, and entirely self-taught. When he shared his plans on Facebook, the comments ranged from disbelief to outright mockery. Yet here he is today, leading a project that has captured the attention of developers across Africa and beyond.
For decades, Nollywood has been known as one of the world’s most prolific film industries, churning out thousands of films a year with creative energy and limited budgets. But now, a new force is pushing its boundaries: artificial intelligence (AI). AI has silently crept into Nigerian cinema, reshaping how films are made, who gets to make them, and who owns the stories that emerge. And while some filmmakers are wary, others are already using AI to push Nollywood into its next act.
For years, the story around Nigeria’s fourth-largest mobile network felt stuck in a loop: shrinking subscribers, fierce competition, and questions about survival. But something interesting is happening at 9mobile, now T2 Mobile, and it’s starting to show up in the data. For the first time in a long while, T2 Mobile has recorded three consecutive months of internet subscriber growth, according to the Nigerian Communications Commission (NCC).
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