30 results
- 12 Apr 2021
Appzone Secures $10mn Series A Funding
Appzone, the Pan-African fintech software provider building proprietary solutions for the continent’s banking and payments industries, has today announced the close of its $10mn Series A round. Led…
- 11 Oct 2021
Mono, Nigerian Fintech Startup Secures $15m Series A
Mono, Nigeria's tech-driven fintech startup, has closed a $15,000,000 Series A funding round led by Tiger Global. Target Global, General Catalyst and SBI Investment are new investors who joined in…
- 21 Jan 2021
African Tech Start-up Funding Passes US$700m in 2020
2020 was a record year for investment into the African tech start-up ecosystem, with more start-ups raising more money, from more investors, than ever before. This is according to the sixth edition…
- 26 Oct 2021
Autochek Secures $13.1mn Seed Funding to Scale its Technology, Accelerate Expansion
Autochek, the automotive technology company facilitating auto financing across Africa, has today secured $13.1mn in seed funding. Co-led by follow-on investors, TLcom Capital and 4DX Ventures, the…
- 18 Nov 2020
Autochek Secures $3.4M Pre-seed Funding to Deliver Technology for African Automotive Industry
Autochek, the automotive technology company that aims to build solutions for the African market, has raised $3.4 million in a pre-seed funding round, co-led by TLcom Capital and 4DX Ventures with…
- 19 Jun 2023
Seedstars, Fondation Botnar Launch Seedstars Youth Wellbeing Ventures with $20M Investment in Africa
Seedstars Capital and Fondation Botnar have announced the launch of the Seedstars Youth Wellbeing Ventures mandate. Together, they intend to invest $20 million in early-stage, purpose-driven…
- 21 Feb 2012
Daniel Tasks Insurers on Enforcement of Compulsory Insurance
Fola Daniel, commissioner for insurance has called on insurance companies to change their poor attitude to the implementation of compulsory insurances, warning that, if not well pursued, the…
- 1 May 2026
Fiona Ahimie, MD First Securities Brokers Elected First Female President of the Chartered Institute of Stockbrokers
The Chartered Institute of Stockbrokers (CIS) has elected Fiona Ahmed Ahimie, Managing Director, First Securities Brokers Limited, a subsidiary of FirstHoldCo Plc., as its 14th President, making her…
- 4 Jun 2020
NAICOM Extends Insurance Firms Recapitalization
The National Insurance Commission (NAICOM) has split the industry recapitalization process into two, extending the recapitalization deadline to September, 2021. The segmentation was contained in a…
- 28 Jan 2017
Ojobo is The Authority Newspaper Public Affairs Spokesperson of the year 2016.
Mr. Tony Ojobo, director of Public Affairs (DPA) of the Nigerian Communications Commission (NCC), has been named the most outstanding Public Affairs Spokesperson of the year 2016 by the…
- 4 Jun 2015
CWG Makes Strategic Appointments to Strengthen Growth
The Board of Directors of Computer Warehouse Group Plc (CWG), as part of the Company’s strategy to strengthen its structures towards achieving its short and long term goals, some strategic…
- 18 Mar 2024
Nigerian fintech Zone raises $8.5M seed to scale its decentralized payment infrastructure
Zone, Africa’s fast-growing payment infrastructure company (the “Company”), has raised $8.5 million in an oversubscribed seed funding round led by reputable VC firms Flourish Ventures and TLcom…
- 14 May 2026
NDIC Drags Wema Bank to Court over N125.38Bn Banana Island Assets
Nigeria Deposit Insurance Corporation (NDIC), acting as liquidator of the defunct Gulf Bank Plc., has instituted two separate actions at the Federal High Court in Lagos against Wema Bank Plc. The…
- 8 Jan 2016
CWG Plc Announces Changes to Executive Leadership Team
The Board of Directors of Computer Warehouse Group Plc (CWG) has announced changes in the Company’s executive management. Mr James Agada, formerly chief technology officer of the Company has been…
- 5 Aug 2026
SEC Begins Full e-Registration for Capital Market Services
Securities and Exchange Commission (SEC) has commenced the implementation of a fully electronic registration process for capital market operators, enabling designated regulatory services to be…
- 19 Jul 2014
Uche Nworah Becomes ABS New Managing Director
Uche Nworah, new managing director and chief executive officer, Anambra Broadcasting Service (ABS) has assumed duty. Nworah joined the Anambra Broadcasting Service from Globacom (Nigeria’s 2nd…
- 5 Feb 2020
TLcom Closes TIDE Africa Fund at $71M
TLcom, the Africa-focused Venture Capital firm, has announces it has secured an additional $31M for its TIDE Africa Fund, bringing its Sub Saharan Africa (SSA)-focused fund to $71mn. The latest…
- 13 Feb 2015
Nigerians Fear Political Crisis, Dump Naira for Dollars, Pounds
Nigerians are dumping the naira currency as it skids lower by the day, driven by fear of the unknown after authorities pushed back the date of a presidential election. They are reportedly buying up…
- 2 Feb 2021
SystemSpecs: The Evolution of an African Technology Powerhouse
Africa’s digital revolution has been hailed as one of the continent’s most historic changes in the past decade. Despite challenges with infrastructure, prevalent poverty, poor health system and weak…
- 8 Dec 2023
Nigerians Consumed N2.18 Trillion Worth of Alcohol in 2022
Nigerians consumed alcohol worth about N2.18 trillion in 2022, according to a report titled the {Nigerian Alcoholic Beverages Industry Report, 2022”. This represents 13.3 per cent of the country’s…
- 2 Nov 2019
African Development Bank Celebrates Historic Capital Increase
The African Development Bank on Thursday celebrated a historic $115 billion increase from its shareholders, the largest in the bank's 55-year history. Applause rang through the stately auditorium of…
- 26 Sept 2022
Vendease Secures $30M to Transform Procurement for Restaurants Across Africa
Vendease, a Y Combinator-backed digital platform that allows restaurants in Africa to buy supplies, access financial services and power their business operations, has raised $30 million in an equity…
- 24 Jun 2016
Purple Capital’s Maryland Mall Displays Growing Retail Trends
Have you heard about the new shopping trend, the new wind of change blowing across the agro-allied, business and commercial landscape? It’s called “modern retail”. If you however still do most…
- 19 Jun 2014
Social Networking Summit for Journalists Moves to FCT
First, a testimonial: “I have received tweets from folk who have newly joined Twitter or those who had accounts but never tweeted. A particular person who was guided by his 14-year-old daughter on…
- 23 Jun 2015
Rocket Internet Gets Shareholders' Approval to Raise $5Bn
e-commerce investor Rocket Internet won shareholder approval on Tuesday to raise as much as 4.5 billion euros ($5 billion) in the next five years to invest in new ventures and increase stakes in its…
- 14 Oct 2025
Reps Panel Says N1Bn Capital Base for Crypto Service Operators Excessive
House of Representatives Ad-hoc Committee on the Economic, Regulatory, and Security Implications of Cryptocurrency Adoption and Point-of-Sale (POS) Operations has described the N500 million to N1…
- 7 Jul 2025
Ascensia Finance Commences Operations in Abuja
Ascensia Finance Company has officially commenced operations to provide financial intermediation services in Abuja. Licensed by the Central Bank of Nigeria (CBN) in April, the financial institution…
- 6 Jul 2010
Fast Express to Increase Share Capital to 20 Million
Fast Express couriers Nigeria Limited, which started with authorized share capital of N100,000.00 divisible into 100,000 ordinary shares of N1.00 each, and later increased to N10,000,000…
- 3 Oct 2014
Boko Haram Beheads Nigerian Military Pilot
Boko Haram, dreaded Islamist sect, has beheaded a man believed to be one of the pilots of the Nigerian Air Force jet which went missing and later crashed earlier on September 11 after it left Yola,…
- 2 Apr 2020
Market Turmoil Resumes as Virus Fears Deepen
By Hussein Sayed, Chief Market Strategist at FXTM Investors have suffered a tough start to the second quarter due to the coronavirus pandemic. After climbing 17.9% from its low in the past seven…