Financials
These undergraduates left university to build Flux, a payments startup now in Y Combinator
In the 170 years since Western Union was founded, no company has managed to solve two basic problems that continue to bedevil the remittance business — exorbitant fees and slow
Nigerian fintech of the unbanked Bankly raises $2M led by Vault
Nigeria remains a largely cash-dominated country. There are more than 100 million adult Nigerians, of which more than half have little or no access to financial services. This post was
Nigeria's #EndSARS Protesters Still Face Frozen Bank Accounts and Jail Time
Protestors against police brutality are still being targeted by the Nigerian government, which is itself avoiding accountability.This post was originally published on this site
Kuda raises $25M more led by Peter Thiel-backed Valar to become the neobank for ‘every African on the planet’
Challenger banks continue to make significant advances in attracting customers away from the big incumbents by providing more modern, user-friendly tools to manage their money.This post was originally published on
Nigeria's crypto ban has startups and traders in a frenzy
It’s been over a month since the Central Bank of Nigeria (CBN) issued a communiqué prohibiting financial institutions from dealing with local cryptocurrency exchanges and ordering the shutdown of crypto
Nigeria can't decide what to do about the rise and rise of cryptocurrency
The Nigerian presidency, central bank, local regulators, and tech community are at odds over “money created out of thin air.”This post was originally published on this site
Nigeria to phase out debt sales that offered some of the highest carry returns in Africa
Central bank phasing out sales of bills to non-residents. Cost of liquidity management too high, CBN director says.This post was originally published on this site
Cryptocurrencies: Why Nigeria is a global leader in Bitcoin trade
More cryptocurrency trading goes on in Nigeria than almost anywhere else in the world, reflecting a loss of faith in more traditional forms of investment.This post was originally published on
Nigeria's Crypto Ban Fuels Mistrust in Government: Hannah Akuiyibo, Associate, Woodrow Wilson Center
A central bank ban on crypto transactions is at odds with the government’s goal to build a digital economy around blockchain technology.This post was originally published on this site
