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Nigeria to loosen pension rules, unlock billions for infrastructure and private equity
PenCom plans to increase the investment ceiling for pension funds in infrastructure and private equity from the current 5%. New investment limits are expected to be announced before the end of Q3 2025.
Only two Nigerian startups make Bloomberg’s 2025 tech watchlist
PricePally connects consumers directly to farmers and wholesalers, transforming urban food access. Thrive Agric provides financing and data-driven support to smallholder farmers, enhancing food affordability.
Nigeria Moves to Tax Cryptocurrency Transactions
Nigeria is amending regulations to tax cryptocurrency trading and digitized transactions. The SEC is drafting new rules to ensure transactions on regulated exchanges are taxed.
FARO Secures $6 Million to Drive Affordable Fashion and Tackle Textile Waste Across Africa
FARO raised $6 million to drive affordable fashion and combat textile waste. Funding led by JP Zammitt of Bloomberg with contributions from Presight Capital and Garage Ventures.
