News
Nigeria: Return unused forex in two weeks, CBN orders travellers
Travellers who buy foreign exchange from banks for travel purposes but fail to embark on the trip two weeks after their scheduled travel ...
News
Nigeria: Guaranty Trust Bank Plc reports PBT of N93.1B in H1
Guaranty Trust Bank Plc (“GTBank” or “the Group”), now Guaranty Trust Holding Company Plc, has released its audited financial results for the period ...
Nigeria
Nigeria: Plentywaka rebrands as Treepz with plans for sub-Saharan African expansion
Mobility startup, PlentyWaka which provides hassle-free shared rides on-demand, has announced today that it is changing its name to Treepz. This is coming ...
News
CBN highlights benefits of its digital currency, e-Naira in financial system
The Central Bank of Nigeria (CBN) has said that its soon to be launched digital currency, e-Naira, will strengthen the stability of the ...
News
NIGERIA: ARISE B.V. INVESTS N30.7BN IN ECOBANK
Ecobank Transnational Incorporated (ETI), the Lomé, Togo-based parent company of the Ecobank Group, has announced a $75 million (N30.7bn) additional Tier-1 (AT1) investment ...
Nigeria
Nigeria: Court temporarily unfreezes Bamboo accounts, gives reasons
A federal high court in Abuja has ordered temporary opening accounts of Bamboo Systems Technology Limited and Bamboo Systems Tech. Ltd to enable them pay ...
Nigeria
Nigeria: Decagon secures $26.5m financing from Sterling bank
Tech start-up, Decagon, has closed a $1.5 million seed equity round from early-stage VCs as well as a $25 million student loan financing ...
Nigeria
Nigerian fintech startup, Prospa raises $3.8 million pre-seed round
Nigerian fintech startup, Prospa has closed a $3.8 million pre-seed round. The investors in the round include VCs like Global Founders Capital and ...
News
Nigeria: MTN renews licenses with over N71 billion for 10 years
MTN Nigeria Communications Plc has paid over N71.9 billion to the Nigerian Communications Commission (NCC) to renew its Unified Access Service (UAS) license ...
Nigeria
CBN directs banks, PSPs to process bulk payments on platforms
The Central Bank of Nigeria, CBN, has directed banks and Payment Service Providers , PSPs, to commence processing of end-to-end bulk payments or transfers ...