Nigeria
Nigeria: Bitmama secures $350,000 pre-seed funding to deliver blockchain-powered payments solutions across Africa
African blockchain company, Bitmama, has closed a $350,000 pre-Seed round, led by Flori Ventures, with participation from Nigeria-based investment fund, Emergence Capital, Fedha ...
News
Nigeria: Why foreign investors prefer Ghana to Nigeria – CBN ex-deputy governor
Tunde Lemo, former Deputy Governor of the Central Bank of Nigeria, has disclosed that foreign investors prefer Ghana to Nigeria because of poor infrastructure, ...
News
Nigeria: Access Bank’s $500m Eurobond oversubscribed by 200%
Access Bank Plc announced to investors and the Nigerian Exchange Limited that it successfully priced $500m Eurobond which was over-subscribed by more than ...
News
CBN decries Nigeria’s N617.3 billion financing gap for MSMEs
Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), has revealed that the financing gap for Micro, Small and Medium Enterprises ...
Nigeria
Nigeria: VertoFX closes $10,000,000 Series A round to make cross border payments more efficient
Referred to as a frictionless payment gateway, VertoFX has closed a $10,000,0000 Series A funding round with Quona Capital as the lead investor. ...
Intelligence
Nigeria: Domiciliary account balances estimated at $16 billion
We assumed an official exchange rate of N410/$ based on NAFEX rate used at the Investor and Exporter window. Nigeria has an estimated ...
News
Nigeria: Fintechs are going to be bigger than the banks -Ex-CBN gov, Sanusi
The former governor of the Central Bank of Nigeria (CBN) Lamido Sanusi, has said he believes financial technology startups in Nigeria will become ...
News
Nigeria: Fitch Ratings affirms FCMB’s IDR at ‘B-‘ with a positive outlook
Fitch Ratings has affirmed First City Monument Bank (FCMB) Long-Term Issuer Default Rating (IDR) at ‘B-with a stable outlook. This is according to ...
News
Nigeria: We’re working towards capturing identifications of all Nigerians by 2022 — NIMC
The Director-General, National Identity Management Commission, Abubakar Aziz, has said that the agency was working towards registering all Nigerians in 2022. He assured ...
News
Nigeria: Trademark Infringement – Court Clears Way for CBN’s CBDC Launch
The Federal High Court, Abuja has okayed the take-off of the Central Bank of Nigeria Digital Currency (CBDC) also known as the eNaira. ...