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Klasha has been granted a Money Services Business (MSB) license by the Financial Crimes Enforcement Network (FinCEN)..
Nigeria has launched the Startup Support and Engagement Portal to enable its startup labelling process and the implementation of the Startup Act.
While Nigeria stands out as a prominent tech investment hub in Africa, the majority of investments are directed towards startups located in Lagos and other states in the southwestern region.
Nadayar Enegesi, co-founder and CEO at Eden Life shares insights on the newly launched e-commerce marketplace by Eden Life.
OkadaBooks, a leading Nigerian digital publisher is shutting down its operations due to macro-economic challenges.
In October, the National Bureau of Statistics reported that Nigeria experienced a 31.52% food inflation rate, marking a 7.80% surge from the corresponding period in the previous year.
Bloc Microfinance Bank has been granted an Approval-in-Principle by the Central Bank of Nigeria.
Zazuu, a U.K.-based and Africa-focused fintech startup has shuttered due to its inability to raise additional funding.
From May 2023 until now, the USSD debt of Nigerian banks has surged by 66.67%, reaching a total of ₦200 billion, according to ALTON.
Nigerian fintech startup, Paystack is downsizing its team outside Africa, starting with the layoff of 33 employees in Europe and the UAE, where it has an engineering hub.
The streaming service reveals fresh new brand identity and plans in the build-up to its February 2024 relaunch.
Nigerian fintech startup, Chimoney has acquired Scrim App in an undisclosed deal. As a result of this acquisition, the Scrim App will be relaunched in December 2023.
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