Business

A subsidiary of Xpress Holdings Limited, Xpress Payments, has been granted a mobile money operator licence by the Central Bank of Nigeria. According to a statement, the licence allows XpressMTS to instantly commence operations as a mobile money operator in Nigeria, to extend to customers in the segment the unmatched …

The Advertising Regulatory Council of Nigeria (ARCON) has instituted a lawsuit against Meta incorporated, owners of Facebook, Messenger, Instagram, and WhatsApp, and its agent AT3 Resources Limited at the Abuja division of the Federal High Court. The suit was made known in a statement on Tuesday by ARCON which noted that it would not permit unethical …

Nigerian proptech startup, Spleet, has raised a $2.6 million seed round to expand its residential rent-focused products throughout Africa. MaC Venture Capital led the round. Noemis Ventures, Plug and Play Ventures, Metaprop VC, HoaQ Fund, Assembly Fund, Ajim Capital, Francis Fund, Eduardo Campos Paulo Buchicher, and Maajed Chaaaraoui also took part. The company plans to …

The federal government will begin the disbursement of the recently announced $750m (about N324,652,500,000 at CBN official rate) World Bank facility to strengthen the Business Enabling Environment in the 36 States of Nigeria and the Federal Capital Territory, Abuja. Dr. Jumoke Oduwole, the Special Adviser to the President on Ease …