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Finance & Markets

Firmus Stock Overhang Said to Make Some Investors Wary on IPO

Some potential investors are turning more cautious on the blockbuster initial public offering of data center firm Firmus Grid Ltd. as they worry about existing shareholders potentially flooding the market soon after the company’s debut, according to people familiar with the matter.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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Regxta disburses ₦10 billion to micro-businesses using alternative-data credit scoring

Lagos-based Regxta Global Services Limited has disbursed more than ₦10 billion in loans to individuals and micro-business owners across Nigeria, as the lender expands a credit model designed for…

  • Regxta disbursed over ₦10 billion to micro-businesses in Nigeria.
  • Company uses alternative-data credit scoring for borrowers with little credit history.
  • Real-time loan tracking system introduced to monitor loan activity.

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