🎨Canva Hikes Pro Subscription in Nigeria

Good Morning Valued Subscribers👋

Canva is making a bold move in Nigeria’s creative market: it’s doubling the cost of its Pro subscription. For designers, content creators, and small businesses that rely on the platform daily, this change is more than a price update—it forces users to rethink budgets, subscriptions, and how they access premium tools.

While Canva remains a go-to solution for easy, professional design, the price shift signals a broader trend among global SaaS platforms: local markets are now part of global pricing strategies, and users are increasingly asked to weigh convenience against cost. For many Nigerians, this is a test of loyalty, adaptability, and whether the value of creative freedom outweighs the higher subscription fee.

Let’s dive in👇

Today’s Menu ☕️

🎨 Canva Doubles Pro Subscription in Nigeria
🏢 CBN Sets 2025 Fintech Roadmap
👤Ifeyinwa Osime Appointed Access Bank Board Chair
🚘 GoCab Secures $45M to Scale Drive-to-Own in Africa
💵 Checkout.com Teams Up with Spotify for 700M Payments

🎨DESIGN

Canva Doubles Pro Subscription in Nigeria

Canva has raised its Pro subscription in Nigeria from ₦2,800 to ₦5,500 per month, citing new AI-powered features like Magic Write and Magic Design. Canva Business now costs ₦7,500/month, while daily and weekly passes remain at ₦400 and ₦1,100, respectively.

The increase affects freelancers, students, and small businesses, though pay-as-you-go options and one-time premium purchases offer more flexible alternatives. The change signals Canva’s shift toward a premium, AI-driven creative platform in Nigeria..................….continue reading

🏢FINTECH

CBN Sets 2025 Fintech Roadmap

The Central Bank of Nigeria has released its 2025 Fintech Report, outlining plans to modernize regulations, expand financial inclusion, and position Nigeria as a global fintech standard-setter. Key initiatives include a permanent fintech engagement forum, a single regulatory window, SupTech oversight, enhanced digital ID access, and AI-driven fraud detection.

The roadmap aims to streamline operations, boost investor confidence, and strengthen Nigeria’s leadership in innovation and cross-border fintech expansion.................….continue reading

👤APPOINTMENTS

Ifeyinwa Osime Appointed Access Bank Board Chair

Access Bank has appointed Ifeyinwa Osime as its new board chair, following the retirement of Paul Usoro, SAN, in late January 2026. Osime has been a member of the bank’s board since 2019 and has chaired several key committees, including human resources, governance, sustainability, and compensation. Her deep familiarity with the bank’s operations and regulatory obligations positions her to ensure continuity and stability during a period of strategic growth.

The appointment aligns with Access Holdings’ broader leadership transition after the death of former Group CEO Herbert Wigwe in 2024 and the 2025 appointment of Innocent Ike as CEO....….continue reading

🚘RIDE-HAILING SERVICES

GoCab Secures $45M to Scale Drive-to-Own in Africa

London-based mobility fintech GoCab has raised $45 million in a combination of $15 million equity and $30 million debt to scale its drive-to-own vehicle model across Africa and other emerging markets. The funding forms part of a broader $60 million Shariah-compliant debt facility in progress. Founded in 2024, GoCab is on track to reach $50 million in annual recurring revenue this year, reflecting growing demand for alternative mobility and financing solutions among gig workers, freelancers, and delivery riders.

GoCab’s drive-to-own model addresses the persistent challenge of limited vehicle access for income-earning workers, allowing them to gradually acquire ownership while earning daily income..…..continue reading

💵 PAYMENTS

Checkout.com Teams Up with Spotify for 700M Payments

Checkout.com has partnered with Spotify to streamline payments for the streaming platform’s 700 million monthly users, including 280 million paying subscribers across more than 180 countries. As Spotify’s global acquiring partner, Checkout.com will leverage local presence and global expertise to optimize payment performance, reduce transaction failures, and enhance security for recurring payments.

The integration features Checkout.com’s Intelligent Acceptance, an AI-powered solution that routes transactions in real time to improve approval rates, as well as Network Tokens and authentication services to ensure secure and uninterrupted subscription processing.............….continue reading

OTHER STORIES

• Kaspersky Adds AI-Powered Account Compromise Detection to SIEM………continue reading

• Firefox Will Soon Let Users Block All Generative AI Features………continue reading

• Adobe to Shut Down Animate as Company Shifts Focus to AI………continue reading

• OpenAI Launches macOS App for Agentic Coding…continue reading

• Standard Bank leads $250 million landmark financing for Aradel Energy………continue reading

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