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PalmPay, a prominent Nigerian fintech company, is setting its sights on entering the high-stakes remittance market with plans to expand into Asia by 2025. The company is gearing up to venture into the cash transfer business, specifically targeting the Middle East and Southeast Asia. Although the company is keeping specific…

Transgrid Enerco Limited, a newly formed alliance comprising North South Power Company Limited (NSP), Axxela Limited, and the Stanbic IBTC Infrastructure Growth Fund (SIIF), has signed a share purchase agreement (SPA) to acquire a 60% equity stake in Eko Electricity Distribution Company (Eko DisCO), Nigeria’s second-largest electricity distribution company. The…

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