Creatives and freelancers in Nigeria are struggling to find options to receive payments for the work done for their foreign clients as another
Kuda is the latest African startup to layoff employees as the current economic crisis makes raising funds difficult.
African start-ups have begun to lay off employees as global economic crisis affects fund raising.
The dollar is the queen on the chess board of the Nigerian economy. It determines the worth of the local currency, naira, and ultimately affects values of commodities and services.
The dollar is the queen on the chess board of the Nigerian economy. It determines the worth of the local currency, naira, and ultimately affects values of commodities and services.
Startups in Nigeria and other African countries must raise at least $1.8bn in the third quarter of 2022 if they do not want to have a negative quarter-on-quarter growth.
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), recently made worrying statements. The governor said that using the naira to buy dollars is illegal, and offenders would be prosecuted. Can Emefiele deliver this time?Read more in #TCDaily.
So, if the CBN’s directive is an unenforceable threat with no legal backing, why then did the governor issue it?
Investment in Nigerian tech dropped by 30 per cent towards the end of the second quarter of 2022 according to Africa: The Big Deal.
Nigeria is Africa’s biggest startup economy. Findings show that five of the seven unicorns in Africa have Nigerian roots.
Nigerian startups will be at the receiving end of a global credit crunch, reports Temitayo Jaiyeola
For a nation richly blessed with resources, Nigeria always seems to be at the forefront of negative financial metrics.
Some Nigerian banks have seen their digital banking services, including money transfers and USSD, come under severe strain in recent times, following the
Nigerian tech startups have raised more funding from venture capital (VC) annually than the whole ecosystem in Africa...
With draft guidelines from the central bank, open banking could usher in an expanded financial services sector in Nigeria.
Africa’s second unicorn, Interswitch, has received $110 million in joint investment from LeapFrog investments and Tiana Africa Capital.
According to a report by KPMG, the payments landscape has gone through significant transformation in recent years.
With a population of 1.4 billion people, Africa’s demand for smartphones, internet, the good things of life, is growing at a rapid pace. Many of these,
The panel of identity and open banking specialists discussed barriers to interoperability, the need for standardization and the role of the private sector.
In recent times, consumer lending in Nigeria has improved significantly, but with such positives, came the negative effect of increases