The Central Bank of Nigeria (CBN) is the country's apex monetary authority, established by the CBN Act of 1958 and officially commencing operations on July 1, 1959
Scaling with discipline may be the new playbook for Nigerian fintechs
The Central Bank of Nigeria sanctioned several high-profile fintechs for compliance failures related to KYC and AML processes. Regulatory expectations have caught up with the scale of the fintech industry, marking the end of the grace period.
Startups grew, but not because of him: How Muhammadu Buhari shaped Nigeria’s tech ecosystem
Muhammadu Buhari served as Nigeria's president from 2015 to 2023 and has died at the age of 82. Under Buhari's presidency, Nigeria's tech startups raised over a billion dollars by 2022, marking a significant growth in the tech ecosystem.
GTCO debuts on London Stock Exchange with 36.4 billion shares
GTCO commenced trading on the London Stock Exchange under the ticker 'GTHC'. This listing makes GTCO the first West African financial institution with a dual listing.
After processing $9.3 billion in Q1, Kuda relaunches remittance product for non-Nigerian users
Kuda Technologies has relaunched its cross-border remittance service with a multi-currency wallet. The neobank raised $20 million at a $500 million valuation in 2024.
Okra Co-Founder Fara Ashiru Joins UK’s Kernel
Fara Ashiru has joined Kernel as Head of Engineering. Okra raised a total of $16.5 million from investors.
