Fintech
Nigeria: Raenest Raises $11M Series A to Expand Beyond Africa; Affinity Africa Secures $8M to Scale Operations
Nigerian fintech startup Raenest has secured $11 million in Series A funding, with QED Investors leading the round alongside Norrsken22, Ventures Platform, ...
Nigeria
Nigeria: ACCI and NAICOM Collaborate to Enhance SME Insurance Awareness
The Abuja Chamber of Commerce and Industry (ACCI), through its National Policy Advocacy Centre (NPAC), has partnered with the National Insurance Commission (NAICOM) ...
Nigeria
Nigeria: CBN Revises ATM Transaction Fees, Sets Implementation Date
The Central Bank of Nigeria (CBN) has announced a revision of transaction fees for Automated Teller Machines (ATMs), with the new charges set ...
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 ...
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 ...
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 ...
