Nigeria’s leading digital bank, Moniepoint Microfinance Bank (MFB), has introduced multifactor authentication (MFA) across its mobile and web platforms
Foodpreneurs Hub, a foodtech platform founded in Nigeria, has recently secured $500,000 in pre-seed funding as part of its ongoing mission to tackle food insecurity across Africa.
Kredete, a pioneering financial software platform aimed at supporting African immigrants in building credit scores and facilitating money transfers back home, has successfully raised $2.25 million in seed funding.
The sharp increase in inflation is particularly troubling as it comes amidst growing discussions of nationwide protests over the rising cost of living. In response to the escalating food prices, the Nigerian government has taken steps to alleviate some of the pressure on consumers.
Crypto participants will be required to submit weekly and monthly trading statistics to the SEC, providing the commission with access to the billion-dollar industry. The SEC’s initiative aligns with Nigeria’s efforts to implement a 7.5 percent value-added tax (VAT) on crypto transactions.