Benjamin Dada Dada

Wise enables local payouts to Nigeria for the nth time

Wise (formerly TransferWise) is restarting naira transfers to Nigeria for the third time after a two year pause. This time it will have to compete with other local and well-funded players like LemFi and Flutterwave $end.

Stripe to soon allow US retailers to sell directly to Nigerians

Nigeria is one of the two markets where Stripe has begun to allow merchants to accept local payment methods without having to set up a local entity.

CBN never said buying dollars in Nigeria was illegal, in the first place

Although the CBN has said and done a lot to curtail the circulation of dollars in Nigeria, the July 19 MPC meeting wasn't one of those days.

On NDIC’s disbursement of ₦650 bn to 2.3 million insured Heritage Bank depositors

The Nigeria Deposit Insurance Corporation (NDIC) has begun paying out the trapped funds of depositors at the now-defunct Heritage Bank.

CcHUB announces market expansion program for growth-stage startups in Africa

CcHUB announces market entry program, "Let's Build, Africa" for growth-stage African startups to expand across the continent.

Nigeria stakes claim in Bay Area with Startup House

Nigeria has announced plans to launch a Startup House in the San Francisco Bay Area to drive investment and boost the visibility of the country's startup ecosystem.

Starlink has gone dark in Zimbabwe

The Southern African country's regulators have been on to the satellite internet service since September last year

Thepeer, a startup facilitating inter-wallet operability in Africa is shutting down

Three-year-old seed-stage African API fintech, Thepeer is shutting down after raising nearly $2.5 million in funding.

Sim Shagaya launches The Honey Badger Fund (HBF) to back African entrepreneurs

Sim is popular for pioneering the e-commerce movement in Nigeria through his company, Konga which he founded in July 2012. He raised about $80 million with Konga pre-2020 when capital was scarce in the African tech ecosystem.

How the 2023 predictions by African investors turned out

We evaluated African investors' predictions on Series A funding, global VC, fintech consolidation, valuations cut, identity startup growth, and the return of global talent.

Real-time drama from OpenAI as they announce Sam Altman’s return

"We have reached an agreement in principle for Sam Altman to return," says OpenAI in a tweet. How long will this news of Sam's return hold for, seeing that OAI has circled through three CEOs in two days? Also, Elon Musk is having a troll fest.

A day with Frank Atat, one of the masterminds behind the fintech-bank collaboration in Nigeria

Frank Atat, a Nigerian finance executive shares insights on the early days of Fintech in Nigeria, choosing a banking partner to work with and the future of Fintech in Nigeria.