The currency of Nigeria, which has recently shown signs of appreciation against the dollar.
How Detty December Surged Nigeria’s Fintech Usage to Record Highs
The festive surge during Detty December pushed electronic payment volumes to unprecedented levels. A 110% increase in electronic money transfer receipts was reported compared to the previous year.
Day 1-1000: How GetEquity found profit in the venture drought
GetEquity launched in 2021 and quickly filled a $50,000 startup round in under an hour. The company faced a significant downturn in 2023 due to naira devaluation and a freeze in venture capital.
Why African Proptech needs to build infrastructure first before innovation
Nigerian proptech startups attempted to disrupt the annual rent tradition by offering monthly payments. Many startups failed because they misunderstood landlords' need for certainty over liquidity.
Yesa Announces the Launch of Its Real-Time Payments and Crypto Trading Platform in Nigeria
Unreliable transactions plague the fintech industry in West Africa, causing delays and failures in payments. Yesa has been launched nationwide in Nigeria to provide a reliable crypto trading and payment platform.
Monica Launches Instant Bitcoin to Naira Conversion Service, Enhancing Crypto Usability for Nigerians
Monica.cash launched a real-time Bitcoin to Naira conversion service in Nigeria. The platform enables instant liquidity for users without exposure to unregulated trading risks.
