Nigeria
Nigerian trade-tech startup Norebase secures $1m pre-seed funding
Nigerian trade technology startup Norebase, which is building a single platform for businesses to start, scale and operate in any African country, has ...
News
Nigeria: NDIC begins process of paying depositors of 3 failed microfinance banks
The Nigeria Deposit Insurance Corporation (NDIC) has begun the process of paying depositors in 3 failed micro-finance banks. The NDIC will between May ...
News
Nigeria: Bank deposits rise to N16.89tn in three months –CBN
BANKS’ demand deposits rose by N1.1tn in three months to N16.89tn as of the end of March, figures obtained from the Central Bank ...
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Nigeria: CBN warns Nigerian banks to be vigilant of transactions related to the Benin Republic
The Central Bank of Nigeria has warned Nigerian banks to be vigilant regarding transactions related to the Benin Republic due to intelligence that ...
News
Nigeria: Forex remittances crash by 48% amid dollar shortage – CBN report
The country’s total direct remittances dropped by $119.4m to $130.12m as of January 2022 from $249.52m as of December 2021, figures obtained from ...
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Nigeria: VFD Group targets commercial banking licence
VFD Group Plc, the investment holding group that recently bought the single largest equity stake in Nigerian Exchange (NGX), plans to acquire a ...
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Nigeria: NCC Issues Final Letters of Licence Awards to MTN, Mafab as 5G Spectrum Winners
The Nigerian Communications Commission (NCC) has confirmed issuance of the final letters of award of the Fifth Generation (5G) Spectrum Licences to MTN and Mafab ...
Kenya
Africa’s fastest growing companies are in Kenya and Nigeria, a new FT survey shows
The two fastest-growing companies in Africa are in Kenya, according to a new ranking released by the Financial Times on Tuesday, and five of ...
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Nigeria: Fintech gets CBN approval for payment services
A financial technology organisation, Connect Point Technology Solutions Limited, has received regulatory approval to operate a Payment Solutions Service licence category. The firm ...
News
Nigeria: NCC moves to disconnect fake, stolen phones from networks
The Nigerian Communications Commission (NCC) is finalising plans to disconnect fake and counterfeit phones from all networks in the country. This will be ...