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Financial Services

Sterling Bank seeks shareholders nod for $400 million raise

Sterling Bank Plc, will raise as much as $400 million to meet a looming regulatory deadline for a significant capital increase.

News

Sabi cuts 20% of staff, refocuses on commodity traceability

Sabi trims team by 20%, goes all in on commodity sourcing

News

Nigeria’s inflation cools to 22.97% in May as food risks mount

Nigeria's headline inflation has decelerated for the second time consecutively in the month of May

Fintech

How open banking will change how fintechs manage API integrations with banks

Even though fintechs have made impressive strides in Nigeria’s financial ecosystem, there are serious challenges with how they currently access bank data.

News

Access Bank takes over Standard Chartered Gambia after 130 years

Nigerian lender Access Bank steps into The Gambia, taking over Standard Chartered’s legacy operations. The move safeguards jobs and reinforces regional banking options.

News

AfDB commits $184M to Africa’s largest solar and battery project in Egypt

The African Development Bank has approved $184 million for Egypt's Obelisk solar project, Africa's largest clean energy and battery storage initiative.

News

Moove seeks $300 million to supercharge expansion and attain unicorn status

This latest fundraising effort underscores Moove's strategic aim to become a pivotal player in the evolving autonomous mobility ecosystem, beyond its current fleet management role for Waymo.

Exclusive

EXCLUSIVE: Ex-Moniepoint executive sues unicorn over stock options worth nearly $1M

An ex-Moniepoint staff, claims that the fintech unicorn engaged in malicious actions to deny him of stock options estimated to be worth $889,600 in the secondary market.

News

MultiChoice loses 1.2 million subscribers as currency woes impact revenue

Nigeria, the continent's most populous nation, accounted for over half of the 7% subscriber decline in the Rest of Africa segment, which ended the year with 7.5 million customers.

News

Nigeria’s inflation and banditry crisis ignite food security emergency

Nigeria’s food crisis is exploding — inflation hits 35%, farms are under attack, and 100 million go hungry. Urgent action is needed now.

Fintech

Salus Cloud raises $3.7M to expand secure software delivery in Africa

“We built Salus so a fintech can focus on loans, an e-commerce company on logistics not on securing Kubernetes or building core banking from scratch," CEO Andrew Mori said.

News

Developers can now use Apple’s advanced offline AI models

At WWDC 2025, Apple dramatically stepped up its AI ambitions with the introduction of the Foundation Models framework that works offline.

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