Africa
African Startups Secure $289M in January 2025, Signaling Strong Investor Confidence
The African startup ecosystem kicked off 2025 on a high note, with 40 startups raising a total of $289 million in deals worth ...
Fintech
Nigeria: The Rise of cNGN: Opportunities and Challenges for Nigeria’s Stablecoin
The launch of cNGN, Nigeria’s newest stablecoin, marks a significant step toward integrating blockchain technology with the country’s financial ecosystem. As of February ...
Fintech
Nigeria: GTBank Eliminates POS Processing Fees to Empower Businesses
Guaranty Trust Bank Ltd. (GTBank) has announced the removal of processing fees on all GTBank Point of Sale (POS) terminals, reinforcing its commitment ...
Africa
Africa: P1 Ventures Secures $50M Fund to Propel Africa’s Innovation Boom
P1 Ventures, a prominent Pan-African early-stage venture capital firm, has successfully closed its first institutional fund at $50 million. The fund has garnered ...
Nigeria
Nigerian: Naira Strengthens Against Dollar in Parallel Market
The Naira continued its upward trajectory against the U.S. Dollar in the parallel foreign exchange market, marking a significant appreciation. On Friday, the ...
Africa
Africa: CreditChek and CredPal Join Forces to Boost Credit Access in Africa
CreditChek, a leading provider of credit assessment solutions, has partnered with CredPal to strengthen credit verification for CredPal’s credit card services. This strategic ...
Intelligence
Nigeria: AI Recommended as Key Solution to Combat Financial Fraud in Nigeria
Industry experts have emphasized the need for artificial intelligence (AI) adoption to enhance fraud detection and cybersecurity in Nigeria’s financial sector. Speaking on ...
Nigeria
Nigeria’s GDP Per Capital Declines to $835 Amid Economic Challenges—IMF
The International Monetary Fund (IMF) has reported a 4.74% decline in Nigeria’s Gross Domestic Product (GDP) per capita, which fell from $877.07 in ...
Nigeria
Nigeria: NAICOM and FRSC Strengthen Partnership for Third-Party Motor Insurance Enforcement
The National Insurance Commission (NAICOM) and the Federal Road Safety Corps (FRSC) have reinforced their collaboration to ensure the effective enforcement of compulsory ...
Fintech
Nigeria’s Cash Crisis: How POS Agents Overtook ATMs in the Battle for Cash
According to Tope Dare, Executive Director of e-Business and Infrastructure at Inlaks Computers Limited, Nigeria’s persistent cash shortage has been attributed to poor ...