Financial Services
Lagos Accelerator Awards $3 Million in Funding to Boost Local Startups
Nine Nigerian startups have secured over $3 million in debt funding from Cascador, a Lagos-based accelerator, to enhance their operations...
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The blood profits of Nigerian banks
The astronomical rise in banks’ profits as reflected in the 2024 full year financial report has exposed the banking industry...
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Safaricom Reports 11% Profit Growth in FY2024, Fueled by Strong Kenyan Market and Improved Ethiopian Operations
Safaricom, Kenya’s leading telecom operator, announced an 11% increase in net profit to $540 million for the fiscal year ending...
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CREDICROP to Launch N6 Billion YouthCred Initiatives for NYSC Corps Member
The Nigerian Consumer Credit Corporation (CREDICORP) is set to launch a bold new initiative, YouthCred, aimed squarely at young Nigerians...
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CBN Grants Operating License to New Firm to Boost MSME Support in Nigeria
The Central Bank of Nigeria (CBN) has granted a finance company license to Preferred Finance Company Limited, empowering the newly...
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Sterling Bank Launches ‘AlwaysOn’ to Give up to N1 million Monthly to Eligible Customers
In a historic move, Sterling Bank has announced the migration to SeaBaaS, believed to be Africa’s first-ever indigenous core banking...
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Nigerian Government Launches E-Invoicing Platform to Enhance Tax Transparency and Boost Revenue Efficiency
The Federal Inland Revenue Service (FIRS) has unveiled the Merchant Buyer Solution (MBS) e-Invoicing system, an innovative digital platform aimed...
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DBN, AfDB, NSIA Partner to Launch Youth Entrepreneurship Investment Bank with $2.5 Million Seed Fund
The Development Bank of Nigeria (DBN) has announced the earmarking of $2.5 million for the establishment of the Youth Entrepreneurship...
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Zinox Targets 10,000 Female Tech Empowerment Drive to Reshape Africa’s Digital Future
In a bold move to tackle gender imbalance in the tech sector and accelerate Africa’s transition from a technology-consuming continent...
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Top Nigerian Banks Missing as African Banker Awards 2025 Finalists Are Announced
The African Banker magazine has unveiled the shortlist of nominees for the 2025 edition of the African Banker Awards, with...
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