NAIJA Business HUB

29/06/2025

Read what Tosin CEO and Co founder of moniepoint Inc. A Nigerian Fintech Giant wrote.

A few years ago, I hit what many would call a quarter-life crisis.
I was questioning everything, unsure of what I really wanted, and trying to make sense of the pressure to "figure it all out" before 30. So, guess what I did?

I sold my car, borrowed some money, and bought a Mustang!

Was it the most financially sound decision? Maybe not. But it was symbolic. In that season of uncertainty, I needed something that reminded me I was still in control. That Mustang taught me more about freedom, risk, and clarity than I expected.

At one point, I changed it from red to grey (don’t ask why), and then back to red again. Because if you’re going to have a quarter-life crisis, you might as well do it in full color. It even made a cameo in a couple of music videos. Clearly, the car was more famous than I was at the time.

Sometimes, growth doesn’t come from playing it safe. It comes from feeling stuck, taking a leap, and learning as you go.

29/06/2025

Nigeria’s naira debit cards are back for international payments and this time, the policy shift is structural, not a patch.

After nearly three years of suspension, Nigerian banks like Zenith Bank Plc and Wema Bank Plc. are re-enabling Mastercard and Visa transactions for global platforms like Spotify, Amazon, and Netflix. Some allow up to $500/month in usage, with successful live transactions reported.

Why now?
- The 2022 freeze was caused by dwindling FX reserves and fragmented exchange rate windows.
- That began to shift when CBN Governor Olayemi Cardoso introduced a unified exchange window and moved toward a managed float.
- FX liquidity has improved, enabling this controlled reopening.

What it means:
• Consumers get smoother access to global platforms
• Fintechs must evolve beyond virtual cards
• The digital economy gets a confidence boost

Limits still vary, and risks remain if dollar reserves dip again. But it’s a rare moment of progress that gives both tech users and builders new breathing room.

Read the full breakdown → [https://lnkd.in/dG57vE-b]

29/06/2025

Moove is seeking to raise $300 million in a fresh funding round that could push its valuation past $1 billion.

Founded by Ladi Delano and Jide Odunsi, the mobility fintech buys cars with bank loans and offers them to Uber drivers through a drive-to-own model. Drivers in Africa, India, and the UK pay for the cars out of their earnings and can eventually own them. The company employs over 2,100 people worldwide and has recently hired at least 90 staff in the U.S. to support its expanding operations.

🔗 Get more details 👉 https://lnkd.in/dsmDJ-m9

29/06/2025

Meta has announced that it will start rolling out advertisements on WhatsApp. Announced on Monday, 16 June, the ads will not show up in personal or group chats but will instead be introduced in the app’s Updates tab, which hosts Status updates and Channels. The company says this move is part of a broader strategy to monetise WhatsApp’s massive global user base.

🔗 Get full details 👉 https://lnkd.in/d-kFHQ7d

29/06/2025

BAS Group NG, a Nigerian investment company that controls businesses in healthcare, micro-insurance, and finance, has acquired a majority stake in Zuvy Technologies, a Lagos-based startup that provides short-term financing to small businesses through invoice discounting.

As part of the transaction, all institutional investors in Zuvy have been bought out. The startup’s co-founders, Angel Onuoha and Ahmad Shehu, will retain minority stakes but are stepping back from day-to-day operations.
Get more details here👉https://lnkd.in/dsMCvGv6

09/04/2024

Shout out to my newest followers! Excited to have you onboard! Orakpo Akpos Ernest, Ikenna Godgift Gido, Queen Ahazimnkem, As Siddiq

08/04/2024

Blessing, an accountant turned fashion designer is requesting for 10 million naira investment in return for 5% equity share. can she wrap a deal with the lions? watch out

08/04/2024

Ayodeji is looking for a 20 million naira investment for an equity share of 25%. Lets see how he sealed a deal.

03/04/2024

Is this a good offer? Watch this video.

31/03/2024

Lions Den

31/03/2024

29/03/2024

This entrepreneur is seeking for a 500 million naira investment in exchange of 10% equity participation from the Lions for his mining company in Nigeria. What can you say about his pitch?