With operations spread across Nigeria, Senegal and Ivory Coast, BetaStore, a tech-enabled B2B retail startup, has closed a $2.5 million pre-series A funding round.
The fund will enable BetaStore’s expansion into Ghana, the Democratic Republic of Congo and Cameroon by the end of this year, decentralizing its products and services to serve more informal retailers.
The fund was received from 500…
Central Bank of Nigeria (CBN) backtracks, takes radical stance against rising inflation
May 30, 2022
The rate-fixing arm of the Central Bank of Nigeria (CBN) backtracked on its position on the country’s rising inflation, yesterday, increasing the monetary policy rate by 1.5 per cent or 150 basis points (bps), an extreme radical stance against rising prices.
A 150bps…
‘Banks can’t achieve 95% financial inclusion goal without secure technology’ - Ifie Sekibo
May 30, 2022
Ifie Sekibo, Managing Director/Chief Executive Officer of Heritage Bank Plc, believes investment in smart technology is never enough. In an interview with GEOFF IYATSE, he speaks on a backlog of challenges that delayed the financial inclusion drive and how banks can bridge…
The United Bank for Africa (UBA) Plc celebrated this year’s Africa Day with the fourth edition of its annual Africa Conversations, which was held at the UBA House, Lagos.
The UBA Africa Conversations is a yearly event that started in May 2019 as a hallmark initiative in a series of celebrations for Africa Day.
The conversations provide a platform for African and global audiences to connect with…
To encourage and simplify vehicle ownership for personal use by millions of Nigerians, First City Monument Bank (FCMB) is offering auto loans of up to N30 million at a reduced interest rate.
The FCMB auto loan supports acquiring brand new and pre-owned vehicles (popularly…
Wema Bank Plc has unveiled a kids’ innovation challenge aimed at encouraging children to ideate and develop solutions in learning, health, games, and agriculture.
The competition would reward the top three finalists who present the most creative and innovative ideas with…
FBN Holdings Plc may have returned to a sustainable growth path as its 2021 financial points to a more-than-expected resilient near-term outlook with the commercial banking operations leading growth across key parameters.
The report, released last week, shows that First Bank of Nigeria Limited, grew its total assets in the financial sector by 15.9 year-on-year (Y/Y), from N7.4 trillion to N8.5…
The Okomu Oil Palm Company Plc has posted a profit after tax of N11.54 billion for the year ended December 31,2021, representing a 292 per cent increase over the N2.94 billion recorded in the corresponding period of 2020.
Consequently, it declared a dividend of N8 per 50…
Leading digital identity and consumer analytics technology company, VerifyMe Nigeria, has launched a digital plate number verification service that verifies motor vehicle and motor owner data instantly via plate numbers.
With products such as license plate verification…
The world is now fully digital. Today, companies in the United States of America, United Kingdom, Europe, and Australia are engaging the services of African freelancers and contractors to operate their businesses.
Freelancers, contractors, and local businesses in Africa often struggle to receive payments from abroad due to several factors and highly demanding activities. Fulfilling a job is hard…