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Stock Exchange platform Chaka Becomes first fintech To Obtain license From SEC In Nigeria while Raising $1.5M pre-seed

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In Nigeria, there exist at least four platforms that offer both local and foreign stocks to individuals. Chaka is one such platform. Yesterday, They announced the closing of a $1.5 million pre-seed round to power digital investments for individuals and…

The United Nations (UN), IMF, And The World Bank Launches A Digital Currency Challenge to Enhance World Financial Structure

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The United Nations has unveiled The global CBDC Challenge for central bank digital currencies (CBDC). The CBDC challenge strives for innovative solutions to improve payment inefficiency and grow crucial financial inclusion.  The Monetary Authority of Singapore, in collaboration with the…

CBN Reportedly Considering Blockchain Technology For Payment Opportunities.

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The Central Bank of Nigeria (CBN), is reportedly exploring the opportunities that abound with blockchain technology. 

How Soon Before Bundle’s Native Token Goes Live.

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The Nigeria’s no 1 debut crypto social payments application has reportedly disclosed a possible native token launch of it’s platform Bundle Africa

GTBank Reviews International Naira Card Transactions Up to $200 Per Month

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One of the best online banking services providers in Nigeria GTBank has now reviewed it’s Naira Card spending limit from $100 up to $200.

Chipper Cash Reportedly Looking to Support Bitcoin Trading on Its Platform

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Bitcoin Trading on Chipper Cash may become a reality months after it was added as a payment option on Binance P2P for Kenyans, South Africans and Nigerians amongst others.

Opay Shuts Down ORide and Other Business Units to Focus on Fintech Services

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Opay has announced that it would be shutting down ORide and some of its business units (for now) to focus only on it’s financial technology services (PayCom)

CBN Releases Draft Framework for Regulatory Sandbox Operations on Emerging Technologies in the Payments Space.

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CBN has released a new Draft Framework for Regulatory Sandbox Operations focused on emerging technologies in the payments space.

Traditional Banks are Losing Customers to Digital Banks in Nigeria Following the New Stamp Duty Charge By FIRS

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Digital Banks in Nigeria had recorded a new dawn following the new “Stamp Duty” fee charge on every 10,000 Naira transfer by Traditional Banks.

ATM Transactions Drops By 50% With A Corresponding Increase In Fintech Apps Downloads

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The global ATM transactions had dropped by 50 percent since the outbreak of COVID-19.