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The company says the move paves the way for an important leap into the African market, where untapped opportunities for Web3 adoption are developing.
A significant percentage of the funding will be allocated to the development and expansion of its platform.
The African diaspora are going to benefit from Send App services provided by fintech payment system Flutterwave, which links the United States and Africa.
The Nigerian Communications Commission set September 14 as the deadline for registering the country's 219 million active mobile customers.
Mayluv World, a Nigerian home furnishing specialist, has launched an ecommerce platform in a bid to gain further coverage.
Lithium mining in Nigeria will boost electric vehicle (EV) manufacturing.
Through its TechSis initiative, GetBundi aims to train 1 000 Nigerian women.
Economist lists changes in policy, licensing requirements and taxation as among several issues thwarting investment.
According to the partners, the deal will give more reliable and cost-effective digital transaction options to businesses and consumers across Africa.
The Nigerian Communication Commission says the country's broadband internet connections climbed by 1.3 percent month over month in February to 93.4 million.
The share buyback, which began today, will be phased in two tranches, with the first tranche expected to complete on or before August 31.
Analysts predict that assuming an average annual growth rate of 11.7% over the next four years would result in a market volume of $14,1 billion by the end of 2027.