Nigeria
E-Settlement acquires QuickCash for undisclosed amount
The deal will extend E-SL’s payment service offering, enabling the company attain its goal to expand its footprint across Africa Nigeria-based fintech group, ...
Intelligence
Nigerian banks closed 234 branches, 649 ATMs — IMF
The International Monetary Fund, IMF, yesterday, said that Nigerian banks closed 234 branches and 649 Automated Teller Machines, ATMs, in 2020 leading to ...
Africa
Chipper Cash doubles its valuation with extension round
Chipper Cash raises $150 million in a Series C extension round led by Sam Bankman-Fried’s cryptocurrency exchange platform FTX. Chipper Cash, an African ...
News
Nigeria: DBN Disburses N190bn To 7,000 SMEs
The Development Bank of Nigeria (DBN) disbursed N190 billion to 7000 Small and Medium Enterprises (SMEs) in 2020 alone, the bank’s Executive Director/Chief ...
Nigeria
YC-backed Nigerian fintech Lemonade Finance raises $725k pre-seed funding round
The Y Combinator-backed Nigerian fintech startup Lemonade Finance has raised a US$725,000 pre-seed funding round to help it scale. A participant in Y Combinator’s ...
News
Nigeria: SEC assures Lagos Free Zone of regulatory support
The Director-General of the Securities and Exchange Commission, Mr Lamido Yuguda, has commended the efforts of the management of the Lagos Free Zone ...
Nigeria
Nigeria: Banks To Start Auto-debiting Accounts Of Chronic Debtors – CBN Reveals
The Central Bank of Nigeria, CBN has revealed that money lending institutions will start auto-debiting bank accounts of chronic debtors. A statement issued ...
Egypt
Egypt: Finance Ministry – E-System to Ease Vat Return On Foreigners’ Purchases
Finance Minister Mohamed Ma’eit said that an electronic system will be established at all air, sea and land ports with the aim to ...
Kenya
Kenyan-based payroll startup, Workpay, expands to Nigeria
Workpay, a Nairobi-based YC graduate, is expanding its operations to Nigeria. The cloud-based workforce management startup will now offer Core HR, Payroll, and ...
Africa
Regulators have critical roles in growth of Africa’s digital payment ecosystem – Cellulant Group CEO
“The need for fintech regulations cannot be over-emphasized, but there has to be a baseline. You cannot subject smaller fintech players to the ...