Seven stories.
Every morning at seven.

SEVEN STORIES. EVERY MORNING AT SEVEN.

Yesterday,
brought into
focus.

The morning seven today looks at B2C2’s stablecoin hire, CBN’s JPMorgan approval, Interswitch’s inclusion push and new export intelligence tools for Nigerian businesses.

24 October 20267 a.m. WAT~5 min read
THE MORNING SEVEN, READ TO YOUAI-narrated · 9 min listen
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The morning seven

01.
FintechGlobal / NigeriaTHE BIG PICTURE

B2C2 hires AZA Finance founder for stablecoin liquidity push

B2C2, the SBI Holdings-owned digital asset liquidity provider, appointed AZA Finance founder Elizabeth Rossiello as chief operating officer as it tries to move deeper into stablecoin payments infrastructure, not just institutional trading. The appointment matters because stablecoins are useful only when businesses can reliably convert them into local currencies, settle obligations and stay within regulatory rules; that is the kind of difficult cross-border plumbing AZA Finance built around African currency corridors. Condia notes that B2C2 has launched a stablecoin swap service, designated Solana for institutional settlement and secured EU MiCA authorisation, but the company has not said it plans to enter African markets. Nigeria is still central to the context: Chainalysis data cited in the story says the country accounted for more than $92 billion of Sub-Saharan Africa’s on-chain activity between July 2024 and June 2025.

Read at Condia ↗
02.
FinanceNigeria

CBN gives JPMorgan preliminary approval for Nigerian merchant bank

The Central Bank of Nigeria granted Approval-in-Principle to JPMorgan to establish JPMorgan Merchant Bank Nigeria Limited, moving the US banking giant closer to converting its Lagos representative presence into a licensed operating business. The approval is not a final licence: JPMorgan must still complete incorporation, operational arrangements and other CBN requirements before it can start banking activity. The regulator also approved Adedapo Adedayo Olagunju as proposed managing director and named the approved non-executive and independent directors. For Nigerian corporates, a fully licensed JPMorgan merchant bank could deepen access to investment banking and capital-market services, but the practical effect depends on final licensing and the business lines the bank is ultimately allowed to run. The approval also follows JPMorgan’s reported N50 billion deposit with the CBN as its application progressed.

Read at Nairametrics ↗
03.
FintechIbadan, Nigeria

Interswitch convenes Ibadan talks on digital financial infrastructure

Interswitch’s TechConnect 6.0 stop in Ibadan brought government, financial services and technology stakeholders together to discuss how shared, secure and interoperable infrastructure can expand digital financial services to underserved Nigerian communities. The event focused less on launching a single product than on the systems that make financial inclusion useful: connected payments infrastructure, collaboration between providers and practical access that helps individuals and businesses participate economically. Speakers argued that businesses need infrastructure that can adapt to changing customer expectations, while a fireside chat examined how inclusion can translate into economic impact rather than mere account ownership. For Nigerian merchants and smaller communities, the useful question is whether payment providers, banks and public-sector actors can turn these conversations into cheaper, more reliable services outside the best-served urban corridors.

Read at PUNCH ↗
04.
PolicyNigeria / United Nations

Five Nigerians join UN digital policy consultation group

Five Nigerians were appointed to the United Nations Group on the Information Society’s Multistakeholder Consultation Group, a 92-member body meant to broaden participation in global digital policy discussions. The appointees come from the private sector, technical community and civil society, including Jimson Olufuye, Ebenezer Dare, Atule Christian, Martha Alade and Rafiu Olaore, and are expected to serve for at least two years. Their role is advisory and consultative, feeding stakeholder views into UNGIS priorities and the wider WSIS process on inclusive, development-oriented information societies. The Nigerian angle is not ceremonial: local representatives can bring market realities such as device affordability, 2G usage, disability access and the mobile internet usage gap into forums where international digital rules and priorities are shaped.

Read at Nairametrics ↗
05.
BusinessAbia, Nigeria

Roxettes says financing and imports threaten Nigeria’s EV assembly plans

ROXETTES Group chairman Kaycee Orji-Kelechi used a Nairametrics interview to set out the commercial hurdles facing electric mobility in Nigeria: expensive credit, foreign exchange volatility, high import costs, weak charging infrastructure and limited after-sales support. He said ROXETTES has fully installed equipment at its automotive assembly facility in Obuaku, Abia State, and plans to combine local assembly with lease-to-own or drive-to-own financing, including through its BeeRides ride-hailing platform. The company also presented an illustrative cost comparison: at petrol of N1,450 per litre and electricity of N209 per kWh, an EV could spend about N3,762 per 100km versus N11,600 for a petrol car. Those savings exclude financing, depreciation and charging realities, so the business case still depends on affordable power, reliable chargers and patient capital.

Read at Nairametrics ↗
06.
BusinessAbuja, Nigeria

FG launches trade intelligence tools for Nigerian exporters

The federal government launched the Trade Intelligence Report 2026 and Trade Insights Nigeria Half-Year 2026 report in Abuja, with a Trade Intelligence Portal planned for formal launch at CanEx Weekend 2026 in Lagos. The aim is to give Nigerian exporters clearer data on promising markets, tariffs, entry requirements and trade trends, especially as the country tries to grow non-oil exports and make better use of AfCFTA opportunities. Industry minister Jumoke Oduwole said Nigeria exported 281 products in 2025, up from 246 in 2024, while the share going to African countries rose to 15.4 percent. The same briefing put non-oil exports at a record N12.36 trillion in 2025 and said government was tracking more than $50 billion in investment announcements, though businesses still face high costs, finance constraints and logistics bottlenecks.

Read at BusinessDay ↗
07.
FintechNigeria

we.yan and Dsquares partner on loyalty rewards in Nigeria

we.yan signed a strategic partnership with Dsquares to embed loyalty and rewards into its Nigerian infrastructure, which combines finance, communication and commerce. The pitch is interoperability: rewards earned from ordinary transactions such as airtime, data, bills or merchant payments should be usable across more than one business inside the ecosystem, rather than trapped in separate points programmes. For merchants, the partners say the model could make loyalty tools available without each small business building its own programme, with reward costs shared across participating businesses. The announcement is still a partnership statement rather than proof of consumer adoption, and it gives no detailed rollout metrics. But if implemented as described, it points to how Nigerian consumer apps are trying to use payments data, commerce and rewards to increase repeat usage.

Read at Nairametrics ↗

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