Moniepoint taps Stanbic IBTC CFO for its microfinance bank after $110 million raise
Nigerian fintech Moniepoint, valued at over a billion dollars following a recent $110 million funding round, has appointed Bayo Olujobi […]
BUSINESS
FBN Holdings’ ₦150 Billion Rights Issue
FBN Holdings, the parent of First Bank of Nigeria, has launched a ₦150 billion rights issue as it works to
Starlink Halts New Subscriptions in Nairobi
Starlink, Elon Musk’s satellite internet service provider, has paused new customer subscriptions in Nairobi and five nearby Kenyan regions—Kiambu, Machakos,
MTN Nigeria Expands Fintech Ambitions
MTN Nigeria, the nation’s largest telecom operator, has taken significant steps to expand its footprint in Nigeria’s digital payments landscape
Techstars Lagos Closes Its Doors
Two years after launching an ambitious accelerator program in Nigeria, ARM Labs Lagos Techstars (Techstars Lagos) has shut down, halting
Wasoko and MaxAB: A Merger Set to Transform African E-commerce
In one of Africa’s most significant tech mergers, Wasoko and MaxAB officially combined in August 2024, creating a $500 million
BUSINESS
Bamboo Enters Canada and Launches Remittance Service
Bamboo, the Nigerian-born investment platform backed by Y Combinator, is expanding its reach with an entry into Canada after securing
BUSINESS
Nigerian Fintechs Bolster Compliance Teams
In response to the Central Bank of Nigeria’s (CBN) April 2024 ban on new account openings by key fintech players,
Globacom’s Bold Leadership Shift
Globacom, Nigeria’s third-largest mobile network operator, is set for a significant leadership transition. Multiple sources confirm that Ahmad Farroukh, a