Dollar Blues

Much Ado about Data Pricing Not subscribed to our newsletter? You can [sign up here] It's Christmas eve but the Nigerian economy seems not to care. As foreign exchange scarcity persists, Nigerians continue to experience a steady rise in the price of the Dollar. Just last week, the Naira traded at ₦485 to $1 on the black market. That figure went up by 2% this week to ₦495 to $1. And [according to The Punch], the price is expected to go up to ₦500 by next week. As expected, many businesses, small and large, are affected by this phenomenon. One of the more notable that came under our radar this week was Interswitch. The ePayment giant is reportedly suspending a proposed IPO, worth $1 billion, that would have made it the first African startup to go public. Find out [why Interswitch suspended][its][billion dollar IPO]. This Week on Techpoint But there's good news too. In spite of the depressing times, another ePayments startup has managed to attract foreign investors to itself. Paystack, the shiny new kid on the online payments block, [recently secured $1.3m in seed investment] from local and foreign investors, all while still in its beta testing phase, By so doing, it's safe to say that Paystack is sending a clear message to the competition. [Read more] Of EFCC and Social Media. The Economic and Financial Crimes Commission has a rather unconventional approach to engaging its Twitter followers that many find inappropriate. Victor Ekwealor attempts to throw some light on both sides of the perceived debacle. [Read it] Going digital. Following the successful pilot phase of the Digital Switch Over in Jos, the city of Abuja is now [set for a Digital Switch Over] in broadcasting. In other somewhat related news, Facebook intends to kill the Radio (or at least that's what it looks like) with the impending launch of Facebook Live Audio. [Read more] 4 reasons not to start your own business in 2017. With the alarming rate of unemployment, young individuals are beginning to look for alternative routes to making money. In this brilliant opinion piece, Akinwamide Nifemi shares 4 solid reasons why everyone should look carefully before leaping into the harsh realities of entrepreneurship. [Read it] Signed: Muyiwa Matuluko If you enjoyed this newsletter, please share with you friends using any of the buttons below. Have a great weekend! [Share] [Tweet] [Forward] This email was sent to [{EMAIL}] [why did I get this?] [unsubscribe from this list] [update subscription preferences] Techpoint Nigeria · 296 Herbert Macaulay Road · Sabo, Yaba 101241 · Nigeria [MailChimp Email Marketing]