Brass plans Q1 2025 relaunch as co-founders receive no compensation after Paystack-led acquisition
Brass is gearing up for a public relaunch this month after facing severe operational challenges. The company halted withdrawals by mid-2024, leading to an acquisition by Paystack.
Nigeria abandons treasury single account gateway Remita after 13 years
Nigeria's government is discontinuing its partnership with Remita to introduce the TMRAS payment system. TMRAS will streamline payment collections across ministries, departments, and agencies.
Crypto’s dark side: How P2P traders navigate daily scams, fraud, and frozen accounts
P2P trading emerged as a crucial alternative for Nigeria's crypto market after government restrictions on bank transactions in 2021. Scammers are exploiting the anonymity of cryptocurrency to launder stolen funds, turning P2P platforms into battlegrounds for traders.
A Flutterwave IPO could be the boost Nigeria's stock exchange needs to attract younger investors
Flutterwave executives visited President Bola Ahmed Tinubu to discuss a potential IPO on the NGX. Speculation about Flutterwave's IPO has increased following discussions with the Nigerian president.
Merchants of record emerge as solution to Africa's cross-border payment woes
Mallick Bolakale experienced payment challenges while running a tech gadget business, often relying on middlemen. His transaction was flagged due to an IP address discrepancy, resulting in a loss of funds.
