{"id":6602,"date":"2026-11-02T14:02:55","date_gmt":"2026-11-02T14:02:55","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/02\/juicyway-recieves-approval-from-nigerian-sec-for-exchange\/"},"modified":"2026-11-02T14:02:55","modified_gmt":"2026-11-02T14:02:55","slug":"juicyway-recieves-approval-from-nigerian-sec-for-exchange","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/02\/juicyway-recieves-approval-from-nigerian-sec-for-exchange\/","title":{"rendered":"Juicyway recieves approval from Nigerian SEC for exchange"},"content":{"rendered":"

Juicyway, a cross-border payments company<\/a>, is building a platform connecting African assets with global investors, its founder and chief executive, Ife Johnson, said, arguing that faster payments alone cannot solve the continent\u2019s financing problem.<\/p>\n

Speaking at Moonshot by TechCabal in Lagos, Johnson outlined plans for the \u2018People\u2019s Exchange\u2019, which would use tokenisation, creating blockchain-based records of assets and securities, to help businesses raise money across markets. Johnson said Juicyway has received approval in principle from Nigeria\u2019s Securities and Exchange Commission (SEC) to build the exchange.<\/p>\n

\u201cWe\u2019ve produced category winners without producing enough shared infrastructure for entire categories to grow,\u201d he said. \u201cAfrica needs more shared infrastructure and fewer isolated winners.\u201d<\/p>\n

Juicyway deals with this every day. Software can send a payment instruction in seconds, but the money to complete that payment still has to be sitting in the right currency, in the right country. <\/p>\n

\u201cFor roughly 95% of the transactions that we have to carry out, we have to perform settlements,\u201d Johnson said. The exchange\u2019s first focus would be financing that liquidity, he said, with later uses in mortgages, trade receivables, energy, commodities and stakes in private companies.<\/p>\n

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His argument is that the same shortage runs through the wider economy, as businesses hold receivables, projects need investment and households need long-term loans, but the capital to fund them is split across dozens of small markets.<\/p>\n

Africa\u2019s unmet demand for trade finance was between $74 billion and $92 billion in 2024, according to the African Development Bank\u2019s 2025 trade finance report<\/a>. African companies raised about $220 billion in equity on local stock markets between 2000 and 2024, just 1% of the equity raised worldwide, according to the OECD\u2019s Africa Capital Markets Report 2025<\/a>.<\/p>\n

Johnson proposed tokenising investments to structure them, record who owns them and sell them across borders, with stablecoins moving and settling the money. \u201cI don\u2019t think Africa needs 29 exchanges,\u201d he said. \u201cI think it needs one market that connects them all.\u201d<\/p>\n

The aim is to let African businesses reach investors beyond their home markets. Making that work will take more than a shared technology platform: investors will need confidence in the underlying assets, in their ownership rights, and in how they get repaid or sell their stakes.<\/p>\n

Johnson framed the exchange as a long-term project, citing his son. \u201cI want his generation to inherit markets that finance the ambitions, rather than ambitions constrained by the absence of markets,\u201d he said.<\/p>\n

Source: <\/p>\n

TechCabal<\/div>\n","protected":false},"excerpt":{"rendered":"

Juicyway, a cross-border payments company, is building a platform connecting African assets with global investors, its founder and chief executive, Ife Johnson, said, arguing that faster payments alone cannot solve… <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-6602","post","type-post","status-publish","format-standard","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/6602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=6602"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/6602\/revisions"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=6602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=6602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=6602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}