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A Total of 238 Tech Startups In Nigeria Raised Over $2 Billion In 7 years, Dominate Africa

By
Ojukwu Emmanuel
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0

A recent report by Disrupt Africa, a research platform that covers news on African tech startups, disclosed that a total of 238 tech startups in Nigeria had raised $2.068 billion in the last 7 years.

This feat reportedly supersedes what any other African country received in the period, adding that Nigeria is the most popular investment destination on the continent.

At least, 481 tech startups across Nigeria, were in operation as of September 2022, employing over 19,000 people, with Fintech being the most populated sector, which is more than one-third of the country’s tech startups currently active.

In the report, it revealed that at least, 383 individual Nigerian tech startups raised a combined US$2,068,709,445 in funding between January 2015 and August 2022, more than any other country in that period.

According to the ‘Nigerian Startup Ecosystem Report 2022, the Nigerian startups have so far raised a total of $747.9 million this year.

Commenting on the report is co-founder of Disrupt Africa Gabriella Mulligan who said that Nigeria has for quite a long time, been pioneering a startup ecosystem on the African continent, which has made the country home to so many investors.

See what he said:

“Nigeria has long been a pioneering startup ecosystem on the African continent, leading the way in various sectors and increasingly becoming a focus for investment. It is high time we dug deeper into its growth, and this report does just that.

“We hope it serves as a valuable resource for both those already active in Nigeria and those looking to start doing business there soon.”

There is no disputing the fact that Nigeria’s startup ecosystem is responsible for some of the most interesting innovations on the African continent, with Fintechs dominating most of these startups.

Investors from across the world continue to pump money into Nigerian fintech startups, due to the fact that the digitization and transformation of African financial services is still at infancy.

The Nigerian startup ecosystem has maintained its growth trajectory within the African continent, with the country being home to (5) unicorns – Flutterwave, OPay, Andela, Interswitch, and Jumia on the continent.

On the other hand, the African tech sector has continued to witness exponential growth in the past five years. The tech startups in the region took center stage in 2021 when they reached an inflection point as companies raised over $4 billion, more than what they raised in 2019.

Nigeria represents the vast majority of the funding raised in Western Africa since 2019. Tech startups in the country raised 32.8% of the funds raised.

The Lesson in the Palace and Elevating Yourself To Be Recommended In Your Absence

By
Ndubuisi Ekekwe
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1

He hosted a grand banquet for royals. They drank, and then asked for the gold and silver goblets which his father had brought from Jerusalem. Then fingers of a human hand appeared and wrote on the wall. The king became pale as he could not understand the writing. He called his enchanters, astrologers, and diviners – the wise men of Babylon – and commanded, “Whoever reads this writing and tells me what it means will be clothed in purple and have a gold chain placed around his neck, and he will be made the third highest ruler in the kingdom.” None helped.

Then the queen came to the rescue, and told King Belshazzar that in his kingdom, there was a young man: “In the time of your father he was found to have insight and intelligence and wisdom like that of the gods. Your father, King Nebuchadnezzar, appointed him chief of the magicians, enchanters, astrologers and diviners”. 

Daniel is that man; when Belshazzar took over from his father, he was demoted. When Nebuchadnezzar ruled over his empires, he assembled the most knowledgeable people in all the kingdoms he controlled. He went for the best including appointing brilliant “slaves” to become heads of important positions in his government: he made Daniel the leader of his strategy team – “chief of the magicians, enchanters, astrologers and diviners”. But Nebuchadnezzar’s success got into his head, crystallizing in many mistakes; later, his son took over and quickly fired those competent people.

The new king is pale. And here, the queen told him to go and seek the opinions of the men who built Babylon, and made it great under his father.   He reached back to Daniel but the message was not a great one for the king.

Daniel interpreted “mene, mene, tekel, parsin” but today men and women are called to interpret new product strategy, new market entry strategy, etc. The question is this: how can you become good that men and women will recommend you in your absence as the queen did for Daniel? 

And hopefully, when you arrive, you will justify that confidence. I have been in Board meetings when Chairmen will ask: who truly understands this, and can we bring him here? Names will begin to fly. Elevate yourself to be recommended in your absence during such moments. Happy Sunday.

ASUU Strike: NANS Vows To Shut Down Airports In The Country

By
Ojukwu Emmanuel
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0

As the demands of the Academic Staff Union of Universities (ASUU) remain unmet, with the strike still ongoing, the National Association of Nigerian Students (NANS) has vowed to shut down airports across the country from September 19, promising to ground activities, due the 7-month-old strike by ASUU which has negatively impacted a large percentage of Nigerian students.

The union expressed its displeasure over the federal government’s failure to meet the demands of ASUU and the students association, claiming that its four-day protest on highways and expressways was a success.

As things continue to get heated, the chairman NANS national task force on “End ASUU Strike Now”, Ojo Raymond Olumide via a statement disclosed that members of the association will begin to disrupt international travels at Airports starting from September 19, which they feel is an ideal way to make the government suffer and feel what federal universities students have been feeling since the commencement of the strike.

In his words; “We shall begin another round of protest next week by storming the airspaces on Monday, 19th September 2022 to #OccupyTheAirports#. We want to let the world know about the pains and anguish students are going through.

“Nigerian students whose parents create the commonwealth cannot continue to be suffering at home alongside our lecturers while the few who gain from our sweats and blood have their kids abroad jollying and flexing.

“We call on students to rise and join us as we take our destinies into our hands. Our demands remain consistently clear and simple.

“We call on ASUU leadership for a meeting as soon as possible to discuss solidarity actions and plan for the next phase of the struggles. Nigerian students are not subjected to security agencies and we haven’t seen any step from them to avert the ASUU strike.

‘’Being on the road for the past four days and had garnered a lot of solidarity, grounding the airport is for us to get solidarity and we will keep on grounding the local and international airports and they know the effect of us grounding the airport, the only thing we request for them is to open our campuses back.

“They should give enough budgetary allocation, we are not asking for 26 percent we are asking for 22 percent. We pass a vote of no confidence on both Ministers of Labour and Education. We call on the Buhari government to pay all outstanding arrears and salaries of the lecturers.

“The policy of ‘No Work No Pay’ is a Fascist one; it is, therefore condemnable and unacceptable to all the millions of students in Nigeria.

“We will by this statement not beg again. We shall be mobilizing all students to shut down the country. No Education, no movement!”

He further stated that students are tired of pleading with both parties about the necessity of ending the strike, adding that the Muhammadu Buhari-led regime must “settle all outstanding arrears and the lecturers’ salaries.”

It is quite disheartening that the demands of ASUU have continued to fall on deaf ears of the Federal government, which has seen the strike linger for so long, jeopardizing the future of Nigerian youths.

Big Eyes Coin, Cardano, And Polygon Are Three Coins That Could Be Profitable For You

By
TI Partners
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0

The use of cryptocurrencies has skyrocketed over the years, and for good reasons. Cryptocurrencies have provided opportunities for token holders to make more money, even in their comfort zone. Although many coins are in the market, not all are as profitable as Big Eyes Coin (BIG), a new cryptocurrency set to revolutionize the crypto space.

Big Eyes Coin (BIG) has been buzzing since its introduction into the coin market. The meme coin’s deviation from the common dog theme is its first selling point. Given its various exciting features, It will be stepping up the game for other coins to catch up.

Although BIG is yet to launch, it could quickly join the list of coins that can profit everyone, just like Cardano (ADA) and Polygon (MATIC). Here is why we think so.

Big Eyes Coin

Big Eyes Coin (BIG) is a full-fledged community-based token aiming to move wealth to the decentralized finance (DeFi) ecosystem and protect a vital part of the global ecology. Its transactions are carried out using the BIG token.

Big Eyes Coin (BIG) aims at self-sustainability while giving generously to the fast-growing DeFi system. Its decentralization gives users access to full ownership and participation in its ecosystem. One of its two primary concerns is to generate increased profits for everyone, especially the token holders.

Big Eyes Coin (BIG) aims to eliminate the payment of taxes or fees in order to enable its users to gain from the rich ecosystem. Big Eyes Coin (BIG) will also be integrating NFTs into its system to increase its token’s value.

Subsequently, these NFTs will be pushed into the top 10 NFT collections in the NFT space. With this plan, Big Eyes Coin (BIG) intends to ensure its success when it eventually hits the market.

Big Eyes Coin (BIG) is heavy on giving back to its community. Therefore, it will donate about 5% of its earnings to charity. There will also be frequent NFT giveaways for its users to reward them for participating in the ecosystem.

Although Big Eyes Coin (BIG) is yet to launch, its ongoing presales have been met with success. About 200 billion BIG tokens will be made available upon launch, and about 70% will be released during the ongoing presales.

Cardano’s Profitability

Cardano (ADA) is a public, open-source, decentralized crypto platform that facilitates peer-to-peer transactions. Its blockchain is well-equipped with tools and technologies to create possibilities for everyone while making positive global changes.

Its operation on the Ouroboros proof-of-stake (PoS) means that staking is Cardano’s bedrock. Staking is also a major lucrative way to earn money on the blockchain platform. Cardano’s staking can be equated to making free money while in your comfort zone. Furthermore, it is as safe as it can get.

Staking is used to validate transactions, and verification is conducted by node selection. The nodes are selected depending on how many ADA tokens are staked or locked away. The more coins that are locked away means an increased chance that the node will produce blocks—which then rewards everyone who contributed to the pool.

Its PoS system also facilitates fast transactions at a low price. Cardano’s platform is so safe that strangers can interact and transact securely. Every transaction and exchange is securely validated, immutable, and transparently recorded using multi-signatures and the UTXO model.

How About Polygon?

Polygon (MATIC) is a scaling solution that provides multiple tools to increase speed and reduce the cost and difficulties of transactions across blockchain networks. It could also be regarded as a decentralized Ethereum scaling platform that aims to create scalable, user-friendly dApps with cheap transaction fees.

Staking, lending, and yield farming are lucrative ways to earn money on Polygon’s (MATIC) platform. Interested stakers participate in the protocol by locking up their coins in a polygon wallet. Subsequently, they can earn as much as 14% interest rates compounded in APY.

Its laser focus on improving Ethereum (ETH) and reliability is earning it massive support and adoption by many crypto users. The altcoin could become the main layer-2 solution to the complaints of Ethereum users over the years.

Big Eyes Coin (BIG) is a community-focused token aiming to be more than just a platform for transactions. It will be creating avenues for its users to earn more money. Hence, the new meme coin might be just as profitable as Cardano (ADA) and Polygon (MATIC).

 

To Join Big Eyes Coin:

Join Presale: https://buy.bigeyes.space/ 

Website: https://bigeyes.space/ 

Telegram: https://t.me/BIGEYESOFFICIAL 

Big Eyes: The New Cryptocurrency Set To Top The Charts Like Ethereum And Uniswap

By
TI Partners
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0

Over the past year, there has been a constant evolution in the meme industry. These changes have seen new coins, such as Big Eyes (BIG), deviate from the normal ideation of dog-themed tokens and have real-life applications.

Initially, meme coins were created to troll Bitcoin (BTC).  But in recent times, they have become something bigger than expected. A revolutionary meme coin, Big Eyes (BIG), is bringing much-needed change, and its “purrfect” features have kept everyone intrigued.

Although it is yet to launch, Big Eyes (BIG) could be stepping up the ladder just like Ethereum (ETH)—the second largest blockchain in the coin market—or even Uniswap (UNI)—the blockchain on which BIG is built. Here is why we think so.

Big Eyes: The Purrfect Cat Everyone Needs

As a full-on community-based token, Big Eyes (BIG) aims to move wealth into the DeFi ecosystem while giving back to its community. This will enable it to build an ecosystem of wealthy and knowledgeable members familiar with the crypto space. That is, a community that promotes self-growth.

Taking its concept from a cute cat with the purrfect big eyes, it intends to strengthen and translate its cuteness into practical applications. Hence, Big Eyes (BIG) will be more than just a token for making transactions.

Since Big Eyes (BIG) is heavy on giving back to the community, its decentralization will facilitate the creation of an ecosystem where users can partake in all decision-making while receiving all the rewards for them. It also plans on donating 5% of the money generated to charity.

BIG also aims to enable its community to earn more money. To achieve this, it will eliminate the payment of any taxes or fees. Big Eyes (BIG) will also introduce its nonfungible token (NFT) collection, ensuring they rank among the top ten NFTs, which will create more value for its BIG token.

Its cutecomics shows that 200 billion BIG tokens will be available at its launch, with about 70% of the tokens being released at the ongoing presales. Its Stage 1 presale was met with great success, as it has been able to raise over $2 million.

Overview of Ethereum’s Impact Over the Years

Ethereum (ETH) has quickly risen to the top and is now the next big thing, second only to Bitcoin (BTC). Ethereum (ETH) offers top-notch smart contract functionality as a decentralized, open-source blockchain.

Ethereum (ETH) enables users to deploy immutable and permanent decentralized applications they can interact with onto its blockchain. Additionally, its DeFi applications allow for various financial services without centralized authorities or intermediaries.

Ethereum (ETH) also allows its users to make money by creating and exchanging NFTs. These NFTs signal unique ownership of a digital asset. The owner or user can then sell or lend this asset at their unique price.

With plans to pivot to the proof-of-stake (PoS) consensus mechanism from the proof-of-work (PoW) system, Ethereum (ETH) aims to reduce its energy expenditure drastically. This will mean speedy transactions at a cheap rate for its users.

How About Uniswap?

Uniswap (UNI) is the most popular decentralized cryptocurrency exchange that allows its users to swap, earn and build on its protocol.

Its exchange is extremely safe since it runs as a decentralized exchange, a liquidity pool, and is also built on the Ethereum (ETH) blockchain.

Uniswap’s decentralization also implies the absence of a central server to gain access to or hack users’ funds. This is because any funds you provide to a liquidity pool remain locked by a smart contract and cannot be removed by any account other than yours.

Uniswap (UNI) enables the swapping of digital assets and other transactions at a very cheap rate. This fee goes to the liquidity providers as their reward for providing assets to the protocol.

Big Eyes (BIG) has been making waves and might be the next cryptocurrency to explode in 2022. Its deviation from dog-themed meme coins is the first indicator that it will be more than just a meme coin. With its promises to offer more, BIG will soon be topping the charts like Ethereum (ETH) and Uniswap (UNI).

 

Join Presale: https://buy.bigeyes.space/ 

Website: https://bigeyes.space/ 

Telegram: https://t.me/BIGEYESOFFICIAL 

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