The Dangote Refinery IPO demand has surged beyond expectations since the public offer opened, creating a rush among Nigerian retail investors and putting pressure on the country’s digital investment infrastructure. The ₦2.15 trillion offer opened on September 14, with 4.1 billion shares available at ₦525 each. The minimum subscription is 10 shares, worth ₦5,250, making…
Nigerian entrepreneur Iyinoluwa Aboyeji has gone viral after reflecting on his journey from becoming a millionaire at 23 to co-founding Andela and Flutterwave, two of Africa’s most successful billion-dollar technology companies. Speaking on James Dumoulin’s School of Hard Knocks podcast, the 35-year-old discussed the lessons behind building globally recognized businesses from Nigeria. Aboyeji explained that…
Nigeria’s financial sector is entering a new phase as the Central Bank of Nigeria (CBN) moves to strengthen control over the country’s digital payment ecosystem, while the nation’s foreign exchange position continues to improve. The apex bank has directed banks, fintech companies, mobile money operators, and other payment service providers to store all payment transaction…
