The International Monetary Fund has said the eNaira wallet may function as a deposit at the Central Bank of Nigeria and consequently reduce demand for deposits in commercial banks. The comment came barely four weeks after the President, Major General Muhammadu Buhari, and top officials of the central bank launched […]
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UNICEF, Jumia plan Internet for Nigerian schools
The United Nations Children’s Fund and Jumia, an African e-commerce platform, have partnered in support of Giga’s work in Nigeria to connect every school to the Internet and every young person to information, opportunity, and choice. They expressed the commitment to addressing the digital divide, widened by the COVID-19 pandemic. […]
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Shuttlers raises $1.6m seed funding to expand its bus-hailing business across Nigeria
Shuttlers, a Nigerian shared mobility startup has raised $1.6 million in seed funding from several investors to expand its operations and service within Nigeria and across other African countries. The company is poised to replicate its success here in other markets with new funds after years of bootstrapping. The investment round was […]
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Nigeria’s TeamApt eyeing unicorn status with planned $150m Series C round
Nigerian fintech startup TeamApt Ltd. is raising its third round of funding at a value of more than $1 billion. If that happens, the fintech firm will become only the eighth company out of Africa with unicorn status. This information is according to TeamApt Chief Executive Officer, Tosin Eniolorunda who […]