Nigerian fintech companies are transforming into full-service financial institutions by acquiring microfinance bank (MFB) licences. Paystack acquired Ladder Microfinance Bank, while Flutterwave, obtained a national MFB licence through its acquisition of open banking startup Mono.
The announcement of open standard (OUSD) backed by more than 140 companies, including Stripe, Coinbase, Visa, Mastercard, and BlackRock, sent Circle's ((USDC) stock tumbling 16% in immediate market reaction.
Rock Investment Bank (@Rib_investment) has acquired 60.0% of Nabo Capital (@NaboCapital).
Nabo Capital ceases being a subsidiary of Centum (@CentumPLC) which retains a 40.0% stake.
Rock Investment Bank is led by Dr. Belgrad Kenne (@BelgradKenne) who served as the lead transaction advisor in the Kes 106.0 billion Kenya Pipeline IPO.
Mastercard has announced the launch of its Africa Cybersecurity Center of Excellence, a pan-African initiative designed to strengthen cyber resilience, enhance collaboration and help safeguard the trust that underpins Africa's expanding digital economy.
🚨Whale aalert🚨
Equity Bank under blue whale attack. 21m+ shares already traded today at Kes. 80. Kes. 4/= Gap opened between asks and bids. Still early in the day
A trader once asked a question that sounds simple, but it exposes almost everything wrong with the way people trade.
"Do you want to be a gambler or do you want to be a trader?"
I heard Alex Timez talking about this, and the more I thought about it, the more uncomfortable it became.
Because most traders say they want consistency.
But the moment a trade moves against them, they start acting like gamblers.
The stop gets moved.
Then moved again.
And again.
Not because the setup changed.
Because they don't want to accept being wrong.
Alex explained it perfectly.
If your stop is $5 and you keep moving it to $6, $7, and $8, you're not managing risk anymore.
You're avoiding reality.
The lesson that finally clicked for him came from watching a live trader repeat one simple phrase:
"You have to accept your risk."
That's it.
Not predict better.
Not find a magic indicator.
Just accept the risk you agreed to before entering the trade.
Because profitable traders don't make money by avoiding losses.
They make money by controlling them.
What's harder for you: taking a loss or accepting it before the trade even begins?
1st year as a trader:
• VWAP
• Fibonacci
• Bollinger Bands
• Moving averages
• Volume indicators
5th year as a trader:
• Emotional control
• Support and resistance
• Higher timeframe levels
• Knowing when to do nothing
• Reading institutional behavior
The longer you trade the fewer indicators matter.