Intelligence
Nigeria: CBN disbursed N145 billion under its non-oil export stimulation facility
The Central Bank of Nigeria has disbursed a total of N145.99 billion under its Non-Oil Export Stimulation Facility (NESF). This was disclosed in the CENTRAL BANK ...
Kenya
Kenya electric mobility startup Opibus to scale offering with $7.5m raise
Opibus designs and manufactures electric vehicles locally, and has customers across 6 African countries Leading Swedish-Kenyan electric vehicle company Opibus has closed a $7.5 million ...
South Africa
SA: Ocean-minded African startups to pitch at the Ocean Innovation Africa 2021
African startups will have an opportunity to pitch their ocean-minded businesses to an international audience of corporate leaders and investors. From 5 – ...
News
Nigeria: Monetary Policy Committee members express concern over FX market
The members of the Central Bank of Nigeria’s, CBN, Monetary Policy Committee, MPC, have called on the apex bank to carry out a ...
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 ...