Nigeria

Nigerian Startup Pastel Raises $5.5M for Small Business Services
Nigerian Startup Pastel Raises $5.5M for Small Business Services
August 15, 2022  |  Investments

Pastel, a Nigerian merchant platform and bookkeeping startup formerly known as Sabi Cash, has raised $5.5 million in a seed financing round in addition to...

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EMEA Daily: Nigeria Begins Regulating Mobile Devices via 5% Tax
EMEA Daily: Nigeria Begins Regulating Mobile Devices via 5% Tax
August 12, 2022  |  International

In today’s top stories from Europe, the Middle East and Africa (EMEA), the Nigeria announced the implementation of a 5% tax on mobile devices. Nigeria...

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Nigeria Implements 5% Mobile Services Tax
Nigeria Implements 5% Mobile Services Tax
August 12, 2022  |  Mobile

As it deals with a growing financial crisis, Nigeria is preparing to implement a 5% tax on voice calls, text messages and mobile data. As...

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5 Things to Know About the Nigeria Startup Bill
5 Things to Know About the Nigeria Startup Bill
August 07, 2022  |  Startups

In July, the Nigeria Startup Bill (NSB) passed through the country’s House of Representatives, a week after the Senate voted in favor of it. The...

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BNPL Is the Working Capital Bridge for African SMBs
BNPL Is the Working Capital Bridge for African SMBs
July 07, 2022  |  BNPL

There’s a huge gap in working capital financing for small- and medium-sized businesses (SMBs) in emerging markets across Africa, estimated at about $340 billion by...

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Nigerian Payment App Abeg Rebrands Into Pocket by Piggyvest
Nigerian Payment App Abeg Rebrands Into Pocket by Piggyvest
June 27, 2022  |  emea

Nigerian payment app and social commerce platform Abeg on Monday (July 27) rebranded itself as Pocket by Piggyvest. The rebranding coincides with news that the...

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Today in Crypto: Bank of Canada Official Urges Regulation; Bitcoin, Ether Plunge on Inflation News
Today in Crypto: Bank of Canada Official Urges Regulation; Bitcoin, Ether Plunge on Inflation News
June 12, 2022  |  Cryptocurrency

The number of Canadians owning crypto assets is growing fast, requiring regulation, especially as people might not understant the risks of investing in things like...

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Central Bankers in Kenya, Nigeria Criticize Crypto, Tout CBDCs
Central Bankers in Kenya, Nigeria Criticize Crypto, Tout CBDCs
June 12, 2022  |  Cryptocurrency

Kenyan and Nigerian central bankers have said central bank digital currencies (CBDCs) could solve the risks cryptocurrencies have for financial stability, Reuters wrote Saturday (June...

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Centbee Debuts Blockchain-Based UK-West Africa Remittance Service
Centbee Debuts Blockchain-Based UK-West Africa Remittance Service
May 27, 2022  |  Payment Methods

FinTech Centbee is making it easier for U.K. residents to send digital cash to people in West Africa through the blockchain with a new service,...

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