CBN releases $265 million out of the trapped aviation funds

The Central Bank of Nigeria (CBN) has released $265 million out of the total $464 million in trapped funds to foreign airlines.

Moneymie shuts down its digital bank for immigrants to focus on B2B services

The Moneymie app will no longer be available.

iiDENTIFii wins KPMG tech innovator award in Africa

After a four-month-long competition, KPMG Private Enterprise awarded iiDENTIFii the top spot.

MTN’s 5G network is now active in Nigeria

MTN Nigeria has rolled out its 5G network across 190 sites in the country—becoming the first telecommunication provider in Nigeria to roll out the 5G mobile network.

Netflix extends its Creative Equity Scholarship to West and Central Africa

Netflix has extended its Netflix Creative Equity Scholarship Fund (CESF) to film and television students in the West and Central Africa region.

ANKA appoints Meta Director & Global Head of Luxury, Morin Oluwole as Strategic Advisor

Morin Oluwole is currently the Global Luxury Director at Meta, where she leads a global business team.

Exclusive Networks Africa expands into Nigeria

Exclusive Networks Africa has launched a formal office in Lagos, Nigeria.

Ukheshe and Paycorp boost cardless cash withdrawals at Cash Express branded ATMs

Ukheshe and Paycorp have partnered to provide more cardless ATMs with greater functionality.

Bank of Ghana launches Regulatory and Innovation Sandbox

Bank of Ghana has launched its Regulatory and Innovation Sandbox developed in collaboration with EMTECH Solutions Inc.

Omnibiz raises $15 million pre-Series A led by Timon Capital

Omnibiz will use the funding to double down on winning the loyalty of retail customers and driving their retention.

Microtraction closes $15M Community Fund to invest in early-stage African startups

Microtraction has closed the first round of its $15 million Community Fund to invest in early-stage African startups

Nigerian fintechs to block predatory digital money lenders

The Federal Competition and Consumer Protection Commission (FCCPC) has ordered all financial technology companies (FinTechs) to stop providing payment or transaction services to digital money lenders under its investigation.