Michael Ogundare

Shares of eTranzact International Plc have surged 45.15% in the week ended 12th September 2025 on the Nigerian stock market, reaching a high of N14.95 and topping the weekly advancers table. The Nigerian payment fintech firm began the week at N10.30 on Monday and gapped higher the following day as strong buying pressure entered the market, sustaining momentum throughout the week. In early September, the Federal Inland Revenue Service (FIRS) approved eTranzact as a provider for its nationwide e-invoicing rollout.

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Nigerian tech entrepreneur Olugbenga Agboola’s Flutterwave launches U.S. stock trading service The fintech giant led by Nigerian entrepreneur Olugbenga Agboola has launched a U.S. stock trading service that allows Africans to buy and sell American shares directly in their local currencies. The service, now live in Nigeria and Kenya, supports fractional stock trading, meaning everyday investors can own shares in companies like Apple, Tesla, and Microsoft without the high costs. With this move, Flutterwave is expanding beyond payments into wealth management, connecting Africa’s young, mobile-first population with global markets. 📌 Tap the comment below to read the full story.

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Why is Nigeria's FIRS demanding real-time access to transaction data from banks, fintechs, and payment providers and imposing a ₦1 million fine for non-compliance? TechCabal’s Muktar Oladunmade explains how the new Transaction Monitoring System works, who it affects, and why it matters.

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#FintechFriday | Did you know that foreign-owned startups in Nigeria are required to have a minimum share capital of ₦100,000,000? Generally, Nigerian companies with foreign participation are required to obtain a business permit to operate legally in Nigeria. 👈 Slide to read more. #AlukoandOyebode #ForeignInvestment #DoingBusinessInNigeria #BusinessLaw #CorporateLaw #InvestmentAdvisory #NigeriaBusiness #FDI #StartupLaw #LegalAdvisory #CompanyLaw #RegulatoryCompliance #BusinessPermit #ShareCapital #InternationalBusiness #NigerianLaw #oneALN

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Can a Nigerian city built for startups fix the problems they keep running from? That’s what Itana is trying to do. Rising out of Lagos’ Lekki corridor, Itana is Africa’s first fully digital free zone—built not for factories, but for tech. Startups can register remotely, scale globally, and skip the red tape that’s made Nigeria a tough place to grow. Think Delaware meets Dubai Internet City—but for African founders. There’s 24/7 power ⚡, dual-fiber internet, and a goal to connect Nigerian talent to global jobs—without forcing anyone to leave home. It’s backed by Africa Finance Corporation. Supported by Future Africa. And designed to be more than real estate. Itana is testing what a modern African business zone could look like—policy-first, digitally native, and community-driven. P.S. On the 21st of August, Tech Safari and Itana will dive deep into the foundational layers needed to power the next wave of African startups. If you're building, investing in, or dreaming about Africa’s startup future, this is one conversation you don’t want to miss. Register here: https://lnkd.in/d_PQ9xyu

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FCMB Asset Management Limited and TLG Capital have announced the full deployment of the oversubscribed FCMB-TLG Private Debt Fund Series 1. The successful raise and deployment underscore accelerating demand for private debt as a scalable, risk-managed source of capital for Nigeria’s productive economy. “We’re seeing stronger private credit opportunities in Nigeria now than at any point in the last fifteen years. Through Series 1, we have proven that the asset class is investable at scale, so local institutions can participate with confidence,” said Isha Doshi, co-founder of TLG Capital. Read the full article: https://lnkd.in/dYddW3MV * Stay ahead in Africa's private equity and venture capital sector with Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. Subscribe here: https://lnkd.in/duy5dWPs

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