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 ...
News
Nigerian’s Banking Sector Has Contributed Immensely to the Development of the Country – Okonjo-Iweala
The Director General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has applauded the stability of the Nigerian banking sector citing it ...
News
Nigeria: Zenith Bank Surmounts Headwinds, Posts N180bn Profit Before Tax in Q3
As a testament to its resilience and market leadership, Zenith Bank Plc has announced its unaudited results for the nine months period ended ...
News
Nigeria: CBN Unveils Criteria to Pick Firms for ‘100 for 100 PPP’ Initiative
The Central Bank of Nigeria (CBN) has released its selection criteria for private sector companies’ participation under its’ “100 for 100 Policy on ...
Intelligence
Nigeria’s 24.2% Adoption Rating Is the Highest Rate of Crypto Ownership Globally – Finder Survey
According to the latest Finder Cryptocurrency Adoption Index, in October 2021, Nigeria had the highest rate of cryptocurrency ownership globally, at 24.2%. Bitcoin ...
News
MTN Nigeria generates N1.2trn revenue in 9 months
Telecommunication giants, MTN Nigeria Communications Plc., MTNN, has posted revenue in excess of N1.2 trillion for the period from January to September, according ...
News
Nigeria: PenCom, NIRSAL MFB Launch Non-Interest Fund, Loans
The National Pension Commission (PenCom) says it has introduced a non-interest fund (Fund VI) and issued an operational framework for the fund to ...
Innovation
Nigeria: Agri-fintech startup Tingo teams up with Visa
Nigeria’s Agri-fintech startup Tingo has teamed up with Visa to deepen its financial service offerings as it plans to be a significant player ...