Chowdeck hits nearly $1 million in Black Friday food delivery sales – a milestone for Nigeria’s convenience economy Nigeria’s food-delivery scene just got a major boost: Chowdeck recorded ₦1.4 billion (~US $975,909) in sales during its 2025 Black Friday event. The promotional blitz, which ran from Friday, November 28 to Monday, December 1 across cities including Lagos, Abuja, and Ibadan, included discounted meals, free-delivery vouchers, and flash-price drops — enough to blow past internal targets. By 9:08 pm WAT on November 28, the platform had already fulfilled 51,000 orders — more than double its order volume during its first Black…
Author: FinTech Today
64% of African workers used AI last year — Africa outpaces global average In a striking indicator of Africa’s accelerating digital transformation, 64% of African workers reported using artificial intelligence (AI) at work in the past 12 months, significantly ahead of the global average of 54%. (TechCabal) The numbers come from the PricewaterhouseCoopers (PwC) 2025 Africa Workforce Hopes & Fears Survey 2025, which sampled 1,753 workers across five African countries: Algeria, Kenya, Morocco, Nigeria, and South Africa — part of a global survey covering 49,843 workers in 48 countries and 28 sectors. This data point may seem like a bold…
Nigeria’s Payments Revolution: Inside the Central Bank’s 2026 Vision and What It Means for Digital Inclusion Written in a style suitable for FintechTodayNews — authoritative, analytical, and original. Nigeria is entering a decisive phase in its financial transformation, driven by the Central Bank of Nigeria’s (CBN) renewed focus on innovation, instant payments, and fintech collaboration. As the CBN prepares for its 2026 modernization agenda, the regulator is signaling an unmistakable pivot toward a fintech-driven financial ecosystem—a shift that has the potential to reshape access to financial services for millions of citizens. In this research-based analysis, we examine the CBN’s new…
Crypto Tax Could Push Nigerian Traders to P2P Platforms, Stakeholders Warn Ahead of 2026 Rollout Nigeria’s plan to tax cryptocurrency transactions under the Nigeria Tax Administration Act (NTAA) is sparking concern among blockchain stakeholders who fear the policy could accelerate a mass shift toward peer-to-peer (P2P) crypto trading. Industry experts warn that the mix of new tax obligations, strict reporting rules, and longstanding regulatory uncertainty may discourage traders from using licensed exchanges—undermining the government’s goal of formalising and monitoring the crypto economy. NTAA 2026: New Compliance Burdens for Exchanges The NTAA, taking effect in January 2026, imposes major compliance requirements…
OpenAI Declares ‘Code Red’ To Improve ChatGPT Amid Google Competition Introduction In a bold move that signals the intensifying battle in generative AI, OpenAI has declared a “Code Red” to accelerate improvements to ChatGPT — its flagship conversational AI. The announcement comes as Google and other tech giants double down on AI investments, raising the stakes in what some analysts call the new “AI arms race.” For users, developers, and businesses relying on AI, this could mean faster innovation, better features, and a more competitive landscape. Why OpenAI Says “Code Red” Rising competition from Google & others: With Google launching…
Opening New Air Routes in Africa Remains a Major Challenge — Rui Carreira Opening new airline routes across Africa is still a major challenge due to low GDP per capita and limited travel demand in many African countries, according to Angola’s Secretary of State for Civil Aviation, Maritime and Port Sectors, Rui Carreira. Speaking on Monday, during the 57th Annual General Assembly of the African Airlines Association (AFRAA) in Luanda, Carreira stressed that the aviation sector continues to face structural and economic barriers that make regional connectivity difficult. Africa Trades More With the World Than With Itself Carreira highlighted that…
Nigerian Crypto Companies Should Be Cautious as SEC Recognizes Crypto as Securities — 2025 Updated Report Introduction In a move that reshapes the regulatory landscape for digital assets in Nigeria, the Securities and Exchange Commission (SEC) has reaffirmed its stance that most crypto assets fall under securities regulation. While this position has been hinted at in previous circulars and discussion papers, the 2025 update signals a new era of active compliance, exchange oversight, and market transparency. For Nigerian crypto companies—exchanges, custodians, brokers, and token issuers—the message is clear: regulation is no longer theoretical. It is here, and it is enforceable.…