Banking Business Startups Top Story

US taking “material action” to stop SVB fallout-sources

Nigerian startups affected US regulators were reportedly considering “material action” on Sunday to safeguard Silicon Valley Bank (SVB) deposits and minimise any broader financial ramifications from its abrupt demise, according to sources with knowledge of the matter. The fall of startup-focused lender SVB Financial Group on Friday was studied by Biden administration officials over the Read More…

Business SMEs Top Story

Nigerian startups help fight scourge of fake medicines

Startups in Nigeria are helping fight counterfeit pharmaceutical drugs in Africa’s most populous nation, where the prevalence rate of fake drugs is higher than the global average 10% and contributes to several deaths annually. The most counterfeited are drugs for anti-malaria, pain and antibiotics, according to the National Agency for Food and Drug Administration and Read More…