Central Bank of Nigeria Launches Naira-Pegged Stablecoin Pilot
The Central Bank of Nigeria (CBN) approves the Africa Stablecoin Consortium (ASC) to pilot cNGN (a stablecoin pegged to the value of Nigerian Naira) in its innovative Regulatory Sandbox.
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Nigeria Removes Crypto Restrictions
After almost two years of a comprehensive ban prohibiting local banks from engaging with digital currencies, the Central Bank of Nigeria (CBN) has lifted the given restrictions, allowing lenders to open accounts for crypto firms.
Most Profitable Business in Nigeria With Low Capital
Becoming your own boss in Nigeria doesn’t have to mean spending large amounts, as many low-capital business ideas are available. While Nigeria boasts an innovative high-tech sector, including AI startups, you can still explore highly lucrative businesses that require an investment of just ₦50K – 500K to get started.
E-KYC Surges in Africa
Innovative e-KYC verification solutions are growing in Africa, just as businesses across the continent are increasingly moving online.
Crypto Grows in Africa and MENA as Shield Against Inflation
Bitcoin remains the most dominant cryptocurrency in Sub-Saharan Africa, while rising inflation makes Turkey the fourth country worldwide in raw crypto transaction volume rating.
Nigeria Has The Most Crypto-Keen Population Globally
The findings from the global Web3 perception survey showed that 99% of Nigerians are more aware of Web3 and crypto concepts than people in major Western economies
Mastercard Partners With MTN, Acquiring Minority Stake in Its Fintech Business
Africa’s largest mobile network operator MTN has sold a minority stake in its fintech arm to the payment giant Mastercard to support the acceleration and growth of the business’s payments and remittance services.
Moove Raises $76 Million to Transform Financial Services for Mobile Gig Workers
The funding round led by Mubadala and BlackRock brought African-born, global mobility fintech Moove $76M to accelerate its expansion
13th Africa Bank 4.0 Summit – West Africa
13th Africa Bank 4.0 Summit — West Africa 10th – 12th October 2023 EKO Hotel & Suites, Lagos, Nigeria #africanbanksummit Event Link: https://www.biiafricabanksummit.com Event Registration: https://www.biiafricabanksummit.com/register/ Download Event Agenda: https://www.biiafricabanksummit.com/download-agenda/ After the success of 12 successful editions, the 13th Africa Bank 4.0 Summit – West Africa, will be focused on “Scaling Digitally Upwards for a […]
Remedial Health Gets Fresh Funding From QED to Digitize Nigerian Pharmaceutical Sector
Remedial Health, a Nigerian startup bringing efficiency to the local pharmaceutical value chain has raised $12 million in Series A equity-debt funding to scale up operations
Nigeria Adds NFC Function to Boost eNaira Adoption
The Nigerian central bank hopes that the addition of NFC technology will improve the adoption rates for the country’s CBDC – eNaira
Google Cloud & Moniepoint to Serve Underbanked Businesses in Nigeria
Africa-focused business banking platform Moniepoint will make financial services more accessible to SMEs even in remote regions of Nigeria with the help of Google Cloud and its scalable infrastructure
Access Bank Unveils Amex Cards in Nigeria
Nigeria-based Access Bank rolls out two new credit cards for local consumers: the Access Bank American Express Gold card and the Metal Platinum card
Nigerian SEC Targets Binance Following the US Suite
Binance is facing legal troubles in Nigeria a few days after the US SEC took legal action against the world’s largest cryptocurrency exchange
Wema SME Business School Launches in Nigeria
Wema Bank Business School 5.0. for small and medium-sized enterprises (SMEs) in Nigeria will hold in Benin City, Edo State, from May 22 to 26, 2023
Nigerian B2B E-Commerce Startup Sabi Raises $38 Million to Serve African Retailers
Sabi’s Series B funding round values the company at $300 million and powers the startup’s goal to serve the 50 million small- to medium-sized businesses (SMBs) in Africa
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