Nigeria

Platforms Give Nigerians Access to Less Volatile Foreign Investments
Platforms Give Nigerians Access to Less Volatile Foreign Investments
December 13, 2022  |  Investments

African FinTech platforms that connect investors to international markets are on the rise. Leading the charge are a handful of Nigerian startups that have built...

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Nigeria Cuts ATM Cash Withdrawals and Urges eNaira Use
Nigeria Cuts ATM Cash Withdrawals and Urges eNaira Use
December 06, 2022  |  CBDC

The Central Bank of Nigeria has redefined ATM withdrawal limits to encourage digital currency usage. In a Tuesday (Dec. 6) press release, the CBN said...

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Nigerian Regulators Spurn Cryptocurrencies for Digital Assets That Protect Investors
Nigerian Regulators Spurn Cryptocurrencies for Digital Assets That Protect Investors
November 27, 2022  |  Cryptocurrency

Despite the popularity of cryptocurrencies in the country, the Securities and Exchange Commission (SEC) of Nigeria has no plans to make crypto part of its...

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Remittance Firms Jostle for Dominance in Competitive UK-Nigeria Corridor
Remittance Firms Jostle for Dominance in Competitive UK-Nigeria Corridor
November 14, 2022  |  Cross-border Payments

Nigerians living in the U.K., — approximately 178,000 as of last year per the Office for National Statistics — have consistently ranked among the top...

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Nigeria’s SMEs Boost Traffic and Cut Fraud With Cardless Transfers
Nigeria’s SMEs Boost Traffic and Cut Fraud With Cardless Transfers
November 10, 2022  |  Payments Innovation

Card payments, as ubiquitous as they may appear, are actually not the preferred payment method in certain markets. Take the case of Nigeria, for example....

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Nigerian Money App Kuda Launches in UK
Nigerian Money App Kuda Launches in UK
November 09, 2022  |  Cross-border Payments

The Nigerian money app Kuda, announced Wednesday (Nov. 9) that it is launching in the U.K. as part of a global expansion drive with a...

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AWS Sets Up Shop in Nigeria as Startups, Developers Battle Against FX Crisis
AWS Sets Up Shop in Nigeria as Startups, Developers Battle Against FX Crisis
November 04, 2022  |  Amazon

In a boost for Nigeria’s digital economy, Amazon Web Services (AWS), a subsidiary of Amazon, recently announced the opening of a new office in Lagos,...

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Supply Chain FinTech Breeze Teams With Finverity on African SMB Capital
Supply Chain FinTech Breeze Teams With Finverity on African SMB Capital
October 31, 2022  |  Supply Chain

Nigerian startup Breeze has partnered with U.K.-based supply chain finance company Finverity to accelerate its mission of providing small to medium-sized businesses (SMBs) in Africa...

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Bangladesh’s The Social Loan Company Expands to Nigeria
Bangladesh’s The Social Loan Company Expands to Nigeria
October 31, 2022  |  Fintech Investments

The Social Loan Company (TSLC), a digital-first lender founded in Bangladesh, announced Monday (Oct. 31) that it is launching its platform in Africa for the...

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