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Bolt Launches Ride-hailing Service in Ado-Ekiti and Bauchi, Now in 14 Nigerian States
Ride-hailing company, Bolt has announced the launch of its e-hailing service in Ado-Ekiti and Bauchi states as it continues to expand across Nigeria. ...
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Ripple Tech to Power New Malaysia-Bangladesh Remittance Corridor
Ripple has inked a deal with a Malaysian money transfer business and Bangladesh’s largest mobile financial services provider to enable a remittance corridor ...
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World Bank to invest $5bn in 11 African countries
The World Bank plans to invest over $5bn within the next five years to help restore degraded landscapes, improve agricultural productivity, and promote ...
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Nigerian Merchants processed 655 million PoS transactions valued at $13 billion in 2020
In 2020, the coronavirus pandemic disrupted several business and social activities. Though electronic transactions took a hit when the Nigerian government implemented a ...
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Saudi Arabia’s open banking plans could ‘revolutionize’ opportunities for fintech
Saudi Arabia’s central bank, the Saudi Arabian Monetary Authority (SAMA), is launching a framework for open banking in the kingdom, allowing a dramatically ...
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Nigerian parallel market operators introduce platform for countrywide exchange rates
The Association of Bureau De Change Operators of Nigeria (ABCON) says it has launched a real-time exchange rates platform to provide forex information ...
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Flutterwave makes Y Combinator’s list of top companies by valuation, ranks 115th
Y Combinator, a US startup accelerator that offers seed funding to a wide range of startups, released the list of its top companies ...
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Google’s Fitbit acquisition is official
Following regulatory scrutiny on both sides of the pond, Google announced this week that it has completed its acquisition of wearables pioneer Fitbit. ...
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US President-Elect Biden to Nominate MIT Blockchain Professor Gary Gensler as SEC Chairman
U.S. President-elect, Joe Biden is set to name Gary Gensler as the new chairman of the U.S. Securities and Exchange Commission (SEC) to ...
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UK neobank Tandem issues “material uncertainty” warning as losses mount
Tandem Bank, one of the United Kingdom’s much-hyped crop of neo-banks, has filed annual results for 2019 that show mounting losses and warn ...