Advertising Africa Technology 

Report on the State of play: Fintech in Nigeria, shows expanding business scopes

The report discusses Farmcrowdy and Cowrywise, as 2 leading start-ups in the space currently running wealth management platforms. Cowrywise objectives for the Nigerian middle-class with their online financial investment items. Farmcrowdy gives financiers an opportunity to co-own farms by providing farmers capital expense options. Other fintech startups provide digital insurance coverage to; auto companies, the health sector, education, and funeral services. Rates charged for the cover are as low as $0.50 monthly. The report highlights some shortcomings such as the slower pace in setting up a fintech start-up in Nigeria,…

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Africa Agriculture 

Delta government seeks N8Bn loan to boost agriculture

The Delta Government has granted its approval for the state to access eight billion naira loan from the Central Bank of Nigeria (CBN), to develop agriculture in the state. The state’s Commissioner for Information, Mr Charles Aniagwu, who made the disclosure while briefing newsmen in Asaba, said that accessing the loan was part of the decisions reached at the State’s Executive Council meeting. He said that the State Government had approved a review of the state’s 2020 budget to reflect the reality on ground because of the fall in crude…

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Africa Oil and Gas 

Nigeria: Finally, Govt Hands Off Pricing of Petrol

Abuja and Lagos — The federal government thursday proceeded with the full deregulation of the downstream petroleum sector with the removal of the existing cap on petrol price, urging marketers to import and sell the product according to the dynamics of the forces of demand and supply. This is coming as the Nigerian National Petroleum Corporation (NNPC) yesterday blamed insecurity in the Niger Delta and other factors peculiar to Nigeria’s operating environment for the high cost of oil production in Nigeria. The corporation, however, restated its commitment to achieve the…

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Africa Financial Services 

Digital banking startup Sparkle launched in Nigeria

Digital banking startup Sparkle has been launched in Nigeria by former Diamond Bank chief executive officer (CEO) and tech entrepreneur Uzoma Dozie, aimed at providing seamless solutions to Nigerian individuals, SMEs and retailers, which has been granted a banking license from the Central Bank of Nigeria (CBN), offers comprehensive support for individuals, including flexible payments, savings and analytics to provide greater freedom, flexibility and control over finances and lifestyle. Powered by data and technology, Sparkle is launching a mobile app – available for iOS and Android – giving customers full…

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Advertising Africa African Business News Financial Services Technology 

Digital banking startup Sparkle launched in Nigeria

Digital banking startup Sparkle has been launched in Nigeria by former Diamond Bank chief executive officer (CEO) and tech entrepreneur Uzoma Dozie, aimed at providing seamless solutions to Nigerian individuals, SMEs and retailers, which has been granted a banking license from the Central Bank of Nigeria (CBN), offers comprehensive support for individuals, including flexible payments, savings and analytics to provide greater freedom, flexibility and control over finances and lifestyle. Powered by data and technology, Sparkle is launching a mobile app – available for iOS and Android – giving customers full…

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