Luno is now selling fractional shares of Apple and Tesla in Nigeria
Crypto exchange Luno now lets Nigerians buy tokenized US stocks with Naira, bypassing traditional barriers to global investing...
✨ Key Highlights
Luno Nigeria has launched a new platform allowing users to buy and sell tokenized fractional shares of global companies like Apple and Tesla using the local currency, Naira. This initiative aims to democratize access to the US stock market for Nigerians, bypassing typical international investment barriers.
- Less than 5 percent of Nigeria's adult population participates in capital markets, despite a 74 percent financial inclusion rate.
- Ayotunde Alabi, CEO of Luno Nigeria, stated the goal is to give millions of Nigerians a "genuine chance to invest in the same world-leading companies."
- The service first rolled out in South Africa in July, attracting over 10,000 investors in its first month.
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Luno and Verto Launch New Financial Products as Kenyan Banks Face AI Gap - September 2025
Luno Nigeria has launched a new platform allowing users to buy and sell tokenized fractional shares of global companies like Apple and Tesla using the local currency, Naira. This initiative aims to democratize access to the US stock market for Nigerians. In another development, Verto has launched the Atlas Suite, an embedded finance product designed to simplify cross-border payments and address challenges like high FX volatility in African markets. Meanwhile, a new report indicates Kenya's banking sector is at a pivotal point, facing major disruption from AI despite a stark lack of preparedness. While leaders recognize AI's potential, this readiness gap creates an opportunity for new AI-native digital banks.
