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Nigerian Startup Raises $12Mn In Series-A Funding Round
Nigeria’s health-tech startup, Remedial Health, has raised $12 million in Series A funding, comprising $8 million equity and $4 million debt. The company disclosed that the fund would be deployed to scale up its operations in Nigeria, facilitate the delivery of targeted financial services and support its beneficiaries in the pharmaceutical sector. Similarly, Remedial Health, […]
Mixed Trend Hallmarks Bank Customers’ Loan Demand In Q3 – CBN
The Central Bank of Nigeria (CBN) has reported increased availability of secured loans to households increased in Q3 2018 while available unsecured loans for the quarter declined. The apex bank reported this in its latest Credit Conditions Survey produced by the Statistics Department for September. While attributing the major factor for the increase in secured […]
CBN Raises MPR To 18.5%, Highest In 22 Years
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) concluded its meeting in Abuja on Wednesday by increasing the benchmark interest rate (MPR) for the third time this year by 50 basis points to 18.5%. The latest 18.5% MPR is the highest approved by the committee in the past 22 years in […]