Nigeria

Nigerian Trade Tech Firm Norebase Raises $1M in Pre-Seed Round
Nigerian Trade Tech Firm Norebase Raises $1M in Pre-Seed Round
May 04, 2022  |  Investments

Norebase, a Nigeria-based trade technology firm, announced Wednesday (May 4) it had secured $1 million in a pre-seed funding round. Based in Lagos, Nigeria, Norebase...

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Today in FinTech: Dubai Launches Fund to Help Startups; Goldman Sachs Issues Bitcoin-Backed Loan
Today in FinTech: Dubai Launches Fund to Help Startups; Goldman Sachs Issues Bitcoin-Backed Loan
April 29, 2022  |  Technology

In today’s FinTech news, Dubai is upping its game on becoming a serious digital player by ponying up $100.7 million in venture capital funding to...

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Hybrid Banking Model Bridges ‘Much Needed’ Last-Mile Service Delivery Gap for Nigeria’s SMEs
Hybrid Banking Model Bridges ‘Much Needed’ Last-Mile Service Delivery Gap for Nigeria’s SMEs
April 19, 2022  |  Digital-First Banking

Nigeria’s current financial system can be tough to navigate for millions of merchants who live in remote communities and have no access to reliable banking...

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Today in FinTech: MrQ Games Gets Instant Payments; MTN Granted Mobile Banking License; Google Automates Finance Processes
Today in FinTech: MrQ Games Gets Instant Payments; MTN Granted Mobile Banking License; Google Automates...
April 11, 2022  |  International

In today’s FinTech news, Contis and Ecospend are bringing instant payments to MrQ games, while MTN is granted a license to operate a mobile bank....

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Nigerian Central Bank Gives Approval for DLM Capital to Buy Links Microfinance Bank
Nigerian Central Bank Gives Approval for DLM Capital to Buy Links Microfinance Bank
April 11, 2022  |  Digital-First Banking

DLM Capital, a leading development investment bank, has gotten the final approval of the Central Bank of Nigeria (CBN) to buy Links Microfinance Bank, a...

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Nigerian Senate Passes Bill to Tighten Money-Laundering Rules
Nigerian Senate Passes Bill to Tighten Money-Laundering Rules
March 16, 2022  |  International

The Nigerian Senate has passed a bill to amend money-laundering regulations, including making it mandatory for lenders to report suspicious transactions, Bloomberg reported Wednesday (March...

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TradeDepot Targets Growth in Ghana with Green Lion Acquisition
TradeDepot Targets Growth in Ghana with Green Lion Acquisition
February 23, 2022  |  Acquisitions

Nigerian B2B marketplace TradeDepot has acquired Ghana-based competitor Green Lion for an undisclosed amount as part of a plan to expand into that neighboring African nation,...

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Nigeria Seeks $1.7B From JP Morgan Over ‘Gross Negligence’
Nigeria Seeks $1.7B From JP Morgan Over ‘Gross Negligence’
February 23, 2022  |  Legal

Nigeria said JPMorgan was “grossly negligent” in transferring funds to the country’s disgraced former oil minister, and is suing the firm for $1.7 billion. The...

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Nigerian FinTech Earnipay Nets $4M in Seed Funding for On-Demand Pay
Nigerian FinTech Earnipay Nets $4M in Seed Funding for On-Demand Pay
February 17, 2022  |  Investments

FinTech on-demand salary access provider Earnipay has closed a $4 million seed round, the Nigerian company announced Thursday (Feb. 17). The cash will be used...

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