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Recent Blogs
Jul
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Nigerian Entrepreneur Raises $7m to Launch Hair-Braiding Robotics
Nigerian-American entrepreneur Yinka Ogunbiyi has closed a $7 million seed round to commercialise HaloBraid, billed as the first patented braid-assist mechanical technology of its kind. The round was led by Seven Seven Six, the venture firm founded by Reddit co-founder Alexis Ohanian, with further backing from AlleyCorp and Bling Capital. The startup enters its commercial […]
Jul
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Banking system liquidity fell 18.4 per cent week-on-week to ₦3.78 trillion, down from ₦4.63 trillion, after a combination of Central Bank of Nigeria cash reserve ratio debits, a private open market operations auction and a Debt Management Office bond sale that allocated ₦929.32 billion drained cash from the system. Dealers expect roughly ₦2.56 trillion in […]