Tag: Nigeria
Could 2022 be the year of the CBDC?
With the rise of cryptocurrencies showing no signs of slowing down, the growth of central bank digital currencies (CBDC) appears to be another trend on the ascendancy. Will 2022 prove to be a red-letter year for CBDC adoption?
Nigeria’s OnePipe scores seed round to help banks digitise
Nigeria-based OnePipe, which builds APIs to help banks partner with FinTechs and digital services, has reportedly raised $3.5m in seed funding.
Digital currency pilot begins in Nigeria with eNaira launch
The Central Bank of Nigeria (CBN) has unveiled its central bank digital currency (CBDC) eNaira in its pilot study named Project Giant.
Nigerian central bank to launch new CBDC through Bitt collaboration
The Central Bank of Nigeria (CBN) is teaming with Barbados-based FinTech Bitt to introduce a new central bank digital currency (CBDC) called eNaira.
eTranzact lost 100% of its profits in Q2 after it recovered...
The problems don't seem to be over for Nigerian electronic payments provider eTranzact after it reported it incurred a loss of $306,623 in the second quarter, wiping away the recovery it had enjoyed after a 2018 fraud scandal.
ID verification startup VerifyMe Nigeria closes Series A funding round
Hot on the heels of launching its identity verification product in August 2019, VerifyMe Nigeria has closed a new investment round.
Trulioo extends services to Nigeria and Ghana
Identity verification platform Trulioo has extended its services to customers in Nigeria and Ghana through its GlobalGateway service.
EY teams with Open Banking Nigeria to build standardised API
Ernst & Young (EY) has partnered with Open Banking Nigeria to build and advocate a standard application programming interface (API) for the country’s financial services industry.
VerifyMe Nigeria launches new know your customer tools
The verification platform VerifyMe Nigeria has launched a new identity verification and know your customer (KYC) product.
Nigerian SME lender Lidya pockets $1.25m
Nigerian small business lender Lidya has picked up $1.25m in a seed funding round led by Accion Venture Lab. Newid Capital and several angel investors also participated.
