How rising cost of fuel is affecting the logistics sector in Nigeria

Rising cost of fuel in Nigeria has led to increase in ride hailing and delivery prices, leading to reduced patronage. What's the way forward?

Remedial Health raises $12 million Series A, to deepen its fintech offering for Nigerian pharmacies

Remedial Health has raised $12 million in debt and equity funding to deliver financial services for neighbourhood pharmacies in Nigeria.

12 African startups to watch out for in H2 2023, according to investors

In the wake of the global market reset, African startups are hustling to regain momentum in a funding winter. Four investors reveal their top must-watch startups.

“Binance operations in Nigeria are illegal,” SEC reiterates

Over a month after its circular banning the operations of Binance, the Securities and Exchange Commission (SEC) on Friday reiterated that the operations of the global crypto exchange are illegal in Nigeria.

Inside Olu Akanmu’s two years at Opay as President and co-CEO

Opay Nigeria has appointed Daudu Gotring, a former CBN director as its Managing Director following the resignation of Olu Akanmu after his two years run at the company.

5 Top Nigerian KYC startups

In Africa, a lot of people do not have a local identity to pass Know Your Customer (KYC). The World Bank estimates that 57% of Africans still don’t have a bank account of any type, including a mobile money account, as Africa accounts for half of the people in the world that have no means of identification.

CBN lifts ban on abokiFX, Bamboo, Risevest and 437 bank accounts

The Central Bank of Nigeria has directed banks to vacate a post-no-debit restriction placed on the bank accounts of 440 individuals and companies.

TikTok introduces text based feature

The new format for creating text-based content will broaden options for creators to share on the social media platform.

Clafiya raises $610,000 in pre-seed to reimagine healthcare service delivery in Africa

Clafiya, an African healthtech company, announced its $610,000 pre-seed raise today.

Rwandan digital retail startup Kasha raises $21 million Series B

Kasha, a Rwandan digital retail startup has closed a $21 million Series B round from Knife Capital, a South African venture capital firm.

Bundle Africa shuts down exchange service to focus on Cashlink

Effective September 2023, Bundle Africa's exchange service will cease to exist, the company says it will focus on its P2P platform Cashlink.

“An App impersonated us,” Sycamore reacts to FCCPC delisting, distances itself from “Get Loan”

Following FCCPC's delisting, Nigerian fintech Sycamore says it was impersonated by a predatory lender named “Get Loan”.