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#DailyChart: Nigerians vote on a Twitter poll.
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African Startups To Look Out For In 2022
In 2021, African tech startups surpassed their mark with collective funding worth over $2 billion. This year, the trend is not slowing down. With collective funding of over $200 million, according to Business Insider, in just the first month of 2021, these startups are making it very clear that they are not slowing down. Here…
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CBN Grants Telecom Companies Banking License
The Central Bank of Nigeria (CBN) has granted telecommunication companies MTN and Airtel Payment Service Bank (PSB) licenses, according to separate statements by the leading companies. Airtel will now be vying for a share of the financial market through its subsidiary, SMARTCASH Payment Service Bank Limited (Smartcash), while MTN will conduct its PSB business via…
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CBN, SEC To Regulate Cryptocurrency Trading In Nigeria
The Securities and Exchange Commission (SEC) has announced a collaboration with the Central Bank of Nigeria to work on regulating cryptocurrency trading in Nigeria. The Director-General, SEC, Lamido Yuguda, revealed this at the 2021 first post-Capital Market Committee (CMC) virtual news conference. He said that the commission had suspended the implementation of crypto assets guidelines due…
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Nigerian Startup Raises $170 Million To Connect African Fintech
Flutterwave has raised $170 million in a Series C round, positioning itself to further connect and capitalize on Africa’s highly fragmented digital payment landscape. The Nigeria tech payment company is now valued at more than $1 billion. The Series C round was led by the US-based investment firms Avenir Growth Capital and Tiger Global Management,…