FintechTechnology

Nigeria’s Indicina raises $3M to help businesses offer credit to their customers at scale

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June 7, 2022
For years, Africa’s credit infrastructure has lagged behind the rest of the world due to low credit coverage from its bureaus. Per a World Bank report, only 11% of Africa’s population have their credit information recorded by private credit bureaus. And for those who are banked, only 17% have accessed loans. Thus, there’s a real need to record credit transactions. And as financial services…
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Banking

New board takes over as Union Bank of Nigeria Plc

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June 6, 2022
Union Bank of Nigeria Plc has notified the Nigerian Exchange Limited (NGX), Securities and Exchange Commission (SEC) and other stakeholders of changes in its board and the completion of the sale and transfer of 93.41 per cent of its issued share capital to Titan Trust Bank Limited. The deal, regarded as one of the largest acquisition deals in the history of Nigeria’s banking industry, was…
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BlockchainTechnology

Vault Hill debuts its NFT marketplace with the public sale of metaverse land

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June 2, 2022
Blockchain-based company, Vault Hill, has launched its NFT marketplace with the public sale of land in its human-centric metaverse, Vault Hill City (VHC). The ongoing sale is being held auction style using its native token, $VHC. As part of the land sale, a free HTC VIVE Flow VR glasses will be given per parcel of land bought. However, to ensure scarcity and value, a limited number of…
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StartupsTransportation

Driveme Closes Pre-Seed Funding Round, Announces New Web App Platform 2.0

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June 2, 2022
DriveMe, Nigeria’s leading mobility technology company, announced the closing of a pre-seed funding round with participation from Niche Capital, FM Capital, and a few local angel investors. This funding will aid in their local expansion and product development. DriveMe is a company focused on driver sourcing, driver verification, and driver pairing for vehicle owners and fleet operators. Driver…
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