From Flutterwave to Terra, the foreign money backing Nigerian tech is diversifying
In February 2026, Nigerian defence-tech startup Terra Industries raised an additional $22 million in a seed extension led…
Raenest CEO explains why African businesses still struggle to move money across borders
Raenest CEO and co-founder Victor Alade believes the biggest challenge facing businesses operating across borders goes beyond sending…
Onafriq shuts down Baxi agent banking business in Nigeria after 5 years
Onafriq, a pan-African payments company, has announced it will close its Baxi agent banking business in Nigeria. The…
What Nigeria’s 14.63% September inflation rate means for fintechs, banks
Nigeria’s inflation rate showed a slight drop in September 2026, falling to 14.63% from 15.39% in August. This…
Nigeria’s inflation drops to 14.63% in September, but food inflation edges up
Nigeria’s headline inflation rate fell to 14.63% in September 2026 from 15.39% in August, extending the slowdown in…
Can the IMF and World Bank’s new fraud blueprint make digital payments safer for Nigerians?
Nigeria has rules for fighting digital payment fraud, but the money lost to electronic fraud shows how difficult…
Chowdeck co-founders join Endeavor’s global network of entrepreneurs
Chowdeck’s founders, Femi Aluko, Olumide Ojo, and Lanre Yusuf, have recently joined Endeavor Nigeria’s global network of high-impact…
How Xara’s ambitious AI assistant is transforming finance on WhatsApp
Most banking apps expect their users to navigate complicated menus and learn how to use various features. However,…
Dangote Refinery posts $4.7 billion profit ahead of extended IPO deadline
Dangote Petroleum Refinery is making headlines with a remarkable turnaround, reporting a net profit of $4.73 billion for…
Kuunda completes $5 million secondary share sale as some early investors sell their stakes
Kuunda, a digital lending company operating across Africa, has completed a $5 million share sale that lets some…
