STEAM Fun Fest, Africa’s largest event is set to prepare children for the future of work in it’s upcoming 2023 edition. The event presents parents and guardians an extraordinary opportunity to let their children or wards to be part of an unforgettable experience. The STEAM Fun Fest is a hands-on […]
Fintech
ARM, a leading investment management firm, has announced the launch of its 5th cohort for the Innovation Program which aims to support and empower early-stage startups and entrepreneurs in the fields of Fintech, PenTech (Penetration Testing Technology), Data Intelligence, and Digital Trade. The company provides a wide range of […]
The Central Bank of Nigeria (CBN) has authorized foreign banks to work with their parent companies for the purpose of syndicating foreign currency-denominated loans (dollar loans) with the aim at improving dollar liquidity through foreign banks’ representatives in Nigeria. The Director of the Financial Policy and Regulation Department, Muhammad […]
The African Development Bank has signed a $525,000 grant agreement with Africa Fintech Network (AFN) for the setup of the Africa Fintech Hub, an online portal and digital platform that will enable fintech associations across Africa to pool resources and knowledge, strengthen relationships and partnerships, as well as showcase the […]
In a Bid to prevent the panic affecting the banking sector since the recent week’s crash of Silicon Valley Bank (SVB), US regulators shut down New York-based Signature Bank. However, the attention of the Signature Bank Limited, a Nigerian financial institution, has been drawn to recent news surrounding the closure […]
Nigeria’s Postmaster General Dr Ismail Adebayo Adewusi, has signed a partnership agreement with operators of eGate and Visa to facilitate digital financial services, issuing of payment cards and support financial inclusion across Nigeria. The initiative targets about 38 million adult Nigerians who are completely financially excluded. Adewusi who revealed this […]
The National Information Technology Development Agency (NITDA) met with stakeholders from the Lagos State Software and Innovation ecosystem to discuss how to strengthen the country’s digital economy by increasing ICT contributions to GDP and promoting indigenous content by patronizing indigenous IT products and services. At the Bon Hotel in Lagos, […]
Payhippo, a Nigerian loan startup, has secured $3 million in a seed round, which it expects to use to hire the expertise it needs to improve its technology as it expands its efforts to provide quick finance to more small and medium-sized businesses (SMEs) in the West African country. Ham […]
Major General Muhammadu Buhari (retd.) stated Tuesday in Riyadh, Saudi Arabia, that attempts to boost the country’s digital economy and combat corruption should provide investors with “a lot of conveniences.” e-Naira, Treasury Single Account, Bank Verification Number, and National Identification Number are among the proposals highlighted by the president. Buhari […]
Prospa, a YC-backed Nigerian startup offering software and financial services to entrepreneurs and micro-businesses, has announced it closed a $3.8 million pre-seed investment, which was oversubscribed by 380%. The round was backed by venture funds Global Founders Capital and Liquid 2 Ventures. Leading entrepreneurs also participated in the round including […]