Business & growth

On August 16, 2022, the Federal Competition and Consumer Protection Commission (FCCPC) issued a Limited Interim Regulatory/Registration Framework for Digital Lending in Nigeria.

Instant digital payment networks support trade and value exchange within and between countries worldwide. In Nigeria, one of those intricate systems is NIBSS Instant Payments (NIP), a payment service used by banks and other financial institutions to power real-time bank transfers for customers and businesses.

On April 11, 2022, the Central Bank of Nigeria granted MTN Nigeria final approval to operate a Payment Service Bank. A little over a month later, Nigeria’s largest telecommunications provider launched its MoMo Payment Service Bank (PSB) to the public, allowing its Nigerian customers create accounts, pay bills, send and receive money, and more, services which have been available to customers in other countries for years.

In May 2021, Paystack officially launched in South Africa. Almost exactly one year later, thousands of ambitious businesses across South Africa use Paystack to get paid online.

Food businesses such as restaurants and bars have been some of the hardest-hit during the COVID-19 pandemic. In this 6,000-word deep-dive, we'll explore 15 tactics that have kept food businesses across the world in business, with specific examples from South Africa, USA, Canada, Australia, New Zealand, the United Kingdom, Ghana, and Nigeria.

Like many business owners, you might be asking yourself how to keep your business running during the 14 day lockdown period announced by the governments of Ghana and Nigeria.

The end of the year holiday shopping season is a big deal for businesses of all sizes. In 2018, for example, eCommerce businesses using Paystack made 56.4% of their entire annual revenue in the last 12 weeks of the year.