| Date | Title | Description |
| 07.06.2026 | Nigeria: Beyond the Glitch - How NIBSS Is Defending Nigeria's Quadrillion Naira Payment Ecosystem | Every modern digital payment ecosystem eventually encounters a difficult truth: no financial infrastructure built by humans is completely immune to technical disruptions.
Across the world's most advanced banking systems, operational outages... |
| 22.10.2025 | Nigeria's Digital Payment Boom Faces Rising Cybersecurity Threats | The NIBSS Annual Fraud Report showed that in 2023 alone, attempted fraud rose by 45 per cent, with mobile channels and online platforms being the most exploited mode.
Nigeria has, in recent years, become one of Africa's digital payments pow... |
| 03.10.2025 | Nigeria and Digital Fraud | ILIYASU GASHINBAKI writes that the country is losing billions to financial fraud
As Nigeria's digital economy grows into a continental force, the country stands at a crossroads, caught between rapid innovation and a rising wave of cybercrim... |
| 22.09.2025 | How a ₦50 charge from you adds up to ₦796bn for the government | This is Follow the Money, our weekly series that unpacks the earnings, business, and scaling strategies of African fintechs and financial institutions. A new edition drops every Monday.
The Nigerian government needs more revenue to fund eco... |
| 12.09.2025 | 5 startups rethinking money, mobility, music, and more | Startups On Our Radar spotlights African startups solving African challenges with innovation. In our previous edition, we featured 7 game-changing startups pioneering bookings, AI, credits, and commerce. Expect the next dispatch on Septembe... |
| 08.09.2025 | Airtel Nigeria wants a slice of ₦20.7 trillion mobile money market | This is Follow the Money, our weekly series that unpacks the earnings, business, and scaling strategies of African fintechs and financial institutions. A new edition drops every Monday.
With over 56 million subscribers, Airtel may be Nigeri... |
| 25.08.2025 | Bank apps crash, OPay, PalmPay cash in: Inside ₦20.7 trillion mobile money rush | This is Follow the Money, our weekly series that unpacks the earnings, business, and scaling strategies of African fintechs and financial institutions. A new edition drops every Monday.
The first time Adepeju Adenuga, an English PhD student... |
| 12.08.2025 | Nigeria nets ₦84.97 billion in six months after extending transfer levy to fintechs | When Kemi Michael, a corporate compère, attempted to transfer money to her usual PoS agent in late 2024, the attendant had a tip for avoiding an extra charge: “Send ₦9,500 instead of ₦10,000 so I don’t have to add ₦50 to the withdrawal fee.... |
| 12.08.2025 | Kclera: UK SaaS startup leveraging predictive AI to combat Nigeria’s ₦23.4B insider fraud via bank–fintech intelligence | Nigeria’s fintech revolution is transforming finance across Africa, but a silent threat is eroding trust from within: Insider-enabled fraud. This growing menace now drains over ₦23.4 billion from financial institutions each year.
According ... |
| 30.07.2025 | Sigma by Pastel Redefines Compliance Infrastructure with AI and the Financial Industry is Taking Note | At its second Breakfast Meeting in Lagos, Pastel unites banks, fintechs, and regulators around a shared future of intelligent, African-built compliance tools L-R: Wede Thompson, Chief Compliance Officer, Optimus Bank; Arini Awotunde, Chief ... |
| 28.07.2025 | Nigeria: E-Payment Transactions Rise 24 Percent to N317.2trn in Q1'25 | There are indications that Nigerians are fast relegating cash transactions to the background as the value of electronic payment transactions skyrockets.
According to the latest report released by the Nigerian Interbank Settlement System, NI... |
| 15.07.2025 | I used a crypto card for the first time; “spending crypto like cash” may no longer be an empty hype | On one random Wednesday morning recently, a dispatch rider called to confirm my availability. He had a parcel for me, which surprised me; I wasn’t expecting a delivery from anywhere that week.
Unfortunately, I was unavailable to pick up thi... |
| 14.04.2025 | Exchange rate appreciates as Naira closes at N1,599/$1 at official market | The Naira appreciated against the US dollar on Monday, closing at N1,599.00/$1 in the official market.
This is according to data published on the Central Bank of Nigeria’s (CBN) website on Monday.
This represents a notable appreciation from... |
| 11.04.2025 | How Nigeria’s tap-to-pay revolution can close the gap with global fintech leaders | By Wilson Adenuga
Contactless payments, often called tap-to-pay, are no longer a luxury; they are the norm in many parts of the world. Whether riding the train in London, grabbing coffee in Tokyo, or buying groceries in Paris, paying is now... |
| 31.03.2025 | Liquidation and Economic Struggles: A Tale of Two Giants | In the world of finance, two stories unfold: the liquidation of Heritage Bank and the struggles of MultiChoice Group. Both narratives reflect the harsh realities of economic turbulence, regulatory frameworks, and the relentless pursuit of s... |
| 30.03.2025 | NDIC to pay first tranche of Heritage Bank liquidation dividends in April 2025 | The Nigeria Deposit Insurance Corporation (NDIC) has announced that the first tranche of liquidation dividends for uninsured depositors of the defunct Heritage Bank will be paid in April 2025.
This disclosure was made in a press statement r... |
| 07.03.2025 | Zone hits ₦1 trillion in transactions as Nigerian banks turn to blockchain | Zone, the Nigerian payments infrastructure company, has processed over ₦1 trillion in transactions on its blockchain network between November 2022 and December 2024, according to the company’s CEO, Obi Emetarom. It recorded 100 million tran... |
| 10.02.2025 | NIBSS bets on QR codes as a cash alternative for small-value payments | The Nigeria Inter-Bank Settlement System (NIBSS), the country’s largest payment switch, is betting on QR codes as a cash alternative for small-value transactions after improving its Nigeria Quick Response (NQR) payment platform.
At a press ... |
| 28.01.2025 | Nigeria: E-Payment Transactions Rise 59 Percent to N284.4trn in 2024 | The value of electronic payment transactions rose by 59.3 per cent, year-on-year (YoY) to N284.4 trillion in 2024 from N178.5 trillion in the corresponding period of 2023.
Vanguard analysis of data from Nigeria Interbank Settlement System (... |
| 22.01.2025 | The Future of Cross-Border Payments in Africa: Navigating New Opportunities | Africa stands at the crossroads of a financial revolution. Cross-border payments are the lifeblood of this transformation. The continent is a vibrant tapestry of cultures, currencies, and commerce. As e-commerce surges, so does the demand f... |
| 20.01.2025 | The burgeoning market opportunities for cross-border payments in Africa | This article was contributed by Osideinde Adewale. COO, Bitnob, Oluwaseyi Otunla, COO OneKard and Nika Naghavi, Deals and Strategic Partnerships Director, Zeps (WorldRemit and Sendwave) as part of the Emerging Trends in Cross-Border Payment... |
| 13.01.2025 | CBN's New Directive: A Tightrope Walk for Diaspora Investments | The Central Bank of Nigeria (CBN) has taken a bold step. It has barred local deposits into newly launched accounts aimed at Nigerians living abroad. This move, effective January 10, 2025, is a double-edged sword. It seeks to channel foreign... |
| 11.01.2025 | CBN bars local deposits for newly launched diaspora-focused accounts | The Central Bank of Nigeria (CBN) has prohibited local deposits into the newly launched Non-Resident Nigerian Ordinary Account (NRNOA) and Non-Resident Nigerian Investment Account (NRNIA), designed to cater specifically to Nigerians living ... |
| 01.01.2025 | How NIPOST achieved 275% increase in revenue in 2024 – Tola Odeyemi | The Postmaster General of the Nigeria Postal Service (NIPOST), Ms. Tola Odeyemi, has said that the service implemented several reforms that led to a 275% increase in revenue in 2024.
Odetola said this while highlighting NIPOST’s achievement... |
| 06.12.2024 | Nigeria: Pin Insists On Data Protection, Explains Role in Seeking Legal Action Against NIMC | Emma Okonji
Paradigm Initiative (PIN), a pan-African organisation and thought leader in digital rights and inclusion space, has stressed the need for government agencies that are in possession of the data of Nigerian citizens to protect suc... |
| 02.12.2024 | UBA hosts first NQR Annual General Meeting to advance digital payments in Nigeria | The United Bank for Africa (UBA), on behalf of the Nigeria Inter-Bank Settlement System (NIBSS) and other financial institutions, successfully hosted the inaugural NQR Industry Committee Annual General Meeting (AGM) in Lagos on Thursday, No... |
| 28.11.2024 | Paystack deepens its pay by account feature with OPay integration | Paystack, the Stripe-owned Nigerian fintech, has integrated a payment option enabling merchants to accept payments directly from millions of OPay accounts. The integration continues Paystack’s strategy of building payment methods on bank tr... |
| 27.11.2024 | BVN key to combatting financial crimes in Nigeria – Hafsat Bakari | The Chief Executive Officer of the Nigeria Financial Intelligence Unit (NFIU), Hafsat Bakari, has highlighted the pivotal role of the Bank Verification Number (BVN) in Nigeria’s fight against financial crimes.
Speaking at the High-Level Rou... |
| 26.11.2024 | OPay collaborates with AfriGOpay to Enhance Digital Payments in Nigeria | L-R: Mr. Ukaike Okwara, A.g Head, Business Development AfriGOpay; Mr. Ugo Obasi, COO AfriGOpay; Mrs. Ebehijie Momoh, MD/CEO AfriGOpay; Mr. Justin Zhang, OPay’s Chief Public Affairs Officer; Ms. Precilia Ogun, OPay’s Head of Business Develop... |
| 26.11.2024 | OPay collaborates with AfriGOpay to Enhance Digital Payments in Nigeria | In a significant move to further enhance availability of digital payment services to Nigerians, OPay has announced a strategic partnership with AfriGO Card powered by Afrigopay Financial Services Limited (AFSL), a subsidiary of Nigeria Inte... |
| 22.11.2024 | Nigeria Records 18,872 Cyber Attacks Monthly - Report | Nigeria is facing a significant surge in cyber threats, recording 18,872 cyber attacks monthly, according to a recent report. This alarming statistic highlights Nigeria's position as a major digital hub in Africa.
The threat of cyberattacks... |
| 22.10.2024 | Seamfix: 17 Years of Building Trust Through Digital Identity | In the bustling heart of Lagos, a quiet revolution has been brewing for 17 years. Seamfix, a digital identity solutions provider, has transformed the landscape of identity management in Africa. Founded in 2007 with a mere $500, the company ... |
| 21.10.2024 | Seamfix Celebrates 17 Years of Empowering Identity and Trust | Pioneering Digital Identity Solutions That Transform Lives and Businesses L-R, Frank Atube, Executive Director and Chief Operating Officer, Seamfix, Chimezie Emewulu, Co-founder and Group Chief Executive Officer, Seamfix, Chibuzor Onwurah, ... |
| 27.09.2024 | Next-Level Transactions: How Interswitch and NIBSS Are Transforming Digital Payments | Interswitch, one of Africa’s leading integrated payments and digital commerce companies, has announced a game-changing partnership with the Nigeria Interbank Settlement System (NIBSS) that will make your payment transactions smoother and fa... |
| 03.09.2024 | NIPOST targets N10 billion revenue in 2024, vows to end missing mail | The Nigeria Postal Service (NIPOST) has said part of its goals for this year is to generate N10 billion in revenue for the government even as it promised to address concerns about missing mail.
The Postmaster General of NIPOST, Ms. Tola Ode... |
| 28.08.2024 | The Rise of Fintech in Africa: A New Era of Innovation and Inclusion | Africa is on the brink of a financial revolution. The continent is witnessing a surge in fintech innovations that promise to reshape its economic landscape. Two recent events—the Africa Fintech Summit in Nairobi and the launch of Netapps Te... |
| 28.08.2024 | Converge Global Concept Technologies Limited Collaborates with Red Hat to Accelerate Customer Success with Professional Services | Lagos, Nigeria – 21st August 2024
Converge, a leader in delivering Data Center, Cloud, Security, and Automation solutions, today announced it has joined Red Hat Partner Practice Accelerator, a specialized growth pathway for select partners ... |
| 26.08.2024 | Fintech company, Netapps launches reliable and secure suite of products | Netapps Technologies Limited, a fintech company that provides financial solutions to individuals, businesses, institutions, and government organisations, has just launched its suite of financial service products. The launch event which took... |
| 20.08.2024 | Zone, NIBSS partner to use blockchain to record POS payments | Zone, a Nigerian blockchain-enabled payments infrastructure, has partnered with the Nigerian Inter-Bank Settlement Scheme (NIBSS) to introduce blockchain technology to Point-of-sale (POS) terminal payments.
The partnership will allow partic... |
| 07.08.2024 | The Future of Payments in Nigeria: A Decentralized Revolution | Nigeria's payment landscape is on the brink of a transformation. A digital wave is sweeping across the nation, reshaping how transactions occur. The journey began decades ago, with the establishment of the Nigerian Inter-Bank Settlement Sys... |
| 06.08.2024 | Decentralization might be the next wave of innovation in Nigeria’s payment industry | Payment in Nigeria has come a long way. From the creation of the Nigerian Inter-Bank Settlement System (NIBBS) in 1993 to the introduction of NIBSS Instant Payments (NIP) in 2011, the industry has seen watershed moments that have made it wh... |
| 06.08.2024 | THE CHEAPEST AIRTIME, DATA AND BILLING OPTION IN NIGERIA | Sujimoto Disrupts The Bill Payment Industry with Motobills
Nigerians have explored several billing methods over years spending over N2.3trn in 2022 only on electricity payment (According to NIBSS) and N3.25trn on airtime/data (Source NCC) b... |
| 04.07.2024 | Accelerex Launches Nigeria’s First Pay with Fingerprint Solution | Accelerex, one of Africa’s leading fintech companies, has announced the launch of its groundbreaking “Pay with Fingerprint” solution. This solution, the first to be deployed on Point of Sale (PoS) terminals in Nigeria, allows bank account h... |
| 19.06.2024 | NIBSS downtimes: Is Nigeria’s fintech sector built on a house of cards? | Last week, Nigeria’s financial technology (fintech) sector faced a significant setback when the Nigeria Inter-Bank Settlement System (NIBSS) experienced a three-day downtime. This critical infrastructure disruption led to delays and failure... |
| 15.05.2024 | Nigeria: 'Cybersecurity Levy to Add N1.5trn Fresh Tax Burden On Businesses, Households' | The cybersecurity level being proposed by the federal government may leave a tax burden of N1.5 trillion on businesses and households in the country, a leading accounting firm Kreston Pedabo has said.
Senior Partner at Kreston Pedabo, Killi... |
| 09.05.2024 | Can Nigeria outsmart POS fraudsters with CAC? | Nigeria has taken a new stance in the fight against Point-of-Sale (POS) terminal fraud. The Corporate Affairs Commission has instructed all individuals and Point of Sale operators in the country to register their agents, and merchants with ... |
| 07.05.2024 | Nigeria raises levy on e-transfers by 900%, analysts call for a transaction cap | Nigeria’s Central Bank will begin the implementation of an amended 2015 Cybersecurity Act that will levy a 0.5% fee on all electronic transactions on May 20, an increase of 900% from an earlier levy of 0.005%. It means an electronic transfe... |
| 19.03.2024 | Revolutionizing African Payment Infrastructure: Zone Secures $8.5M in Seed Funding | Zone, a Nigerian payment infrastructure company, has raised $8.5M in Seed funding to expand its blockchain network. Led by Flourish Ventures and TLcom Capital, the investment will fuel Zone's mission to connect banks and financial services ... |
| 18.03.2024 | Nigerian fintech Zone raises $8.5M seed to scale its decentralized payment infrastructure | African financial institutions typically scale their solutions using a mix of local and foreign tech. Appzone is one of the standout local fintech software providers for banks and fintechs, providing better pricing and flexibility.
For over... |
| 18.10.2023 | Nigeria: Special Report - Rural Farmers in Nigeria's Capital Count Losses Amid Poor Mobile Telephony | Many rural dwellers including farmers on the fringes of Nigeria's capital city, Abuja, are paying steep prices as Nigeria's booming digital economy leaves them behind.
Farmer Musa Yakubu rushed home with his climbing rope slung across his s... |
| 20.07.2023 | Nigeria: How Nigeria's $428 Million ICT Project Is Addressing Rural Financial Inclusion | In rural communities across Nigeria, the Nigeria National Information and Communication Technology Infrastructure Backbone (NICTIB) Project drives financial inclusion due to increased broadband penetration but continued inter-bank transfer ... |
| 27.06.2023 | Nigeria's Mobile Money System Has a Dark Side Even Though It's Convenient - New Study Explores the Risks | Financial services play vital roles in supporting economic activities. In Nigeria, though, a significant number of people don't have access to essential banking services.
A 2021 World Bank report shows that only 45% of Nigerian adults have ... |
| 12.06.2023 | With lesser online authentication, social media retail scammers hide in plain sight | The increasing number of businesses on social media has made it hard to distinguish scam sites from authentic ones. So when Abiola Benedicta, a 36-year-old mother of three, saw a CAC certified declutter store on Instagram, she jumped at it.... |
| 02.05.2023 | Nigeria and Digital Banking - a Revolution Still Waiting to Happen | At the end of 2022 the Central Bank of Nigeria launched new banknotes. At the same time it also capped withdrawal of the new banknotes. The rollout of the currency change was shambolic. But it also led people to turn to digital financial se... |
| 24.11.2022 | Proptech firm iVantage, launches its Solution for Mortgage Banks & Property Developers
TechCabal’s 2021 Year-End report
Success! | (Oba Adeyeye Enitan Ogunwusi flanked on both sides by iVantage & Imperial Homes Mortgage staff)
On Tuesday, November 15, real estate industry heavyweights gathered at the Lagos Continental Hotel for the launch of iVantage’s banking and ... |
| 28.10.2022 | Cashless Nigeria: How agency banking obstructs Nigeria’s cashless vision | On January 1, 2012, the Central Bank of Nigeria (CBN) implemented the cashless policy in accordance with its vision 2020. The policy, which was primarily aimed at three things: reducing the costs associated with cash handling, improving acc... |
| 14.09.2022 | ChamsSwitch is providing seamless access to financial services for governments and businesses | If you’re a business owner with a customer-facing business, you probably already have or are interested in providing a fintech solution to your customers. As the world becomes more digitally-connected, electronic transactions are increasing... |
| 13.05.2022 | Nigeria’s Central Bank edges close to eNaira use case with much-needed upgrade | Share this article:
Nigeria’s central bank digital currency (CBDC), eNaira, will get an update that will allow it to perform more functions such as bill payment and USSD access.
This was revealed by the Central Bank of Nigeria (CBN) Lagos B... |
| 12.05.2022 | Does Nigeria have too many fintech startups? What the numbers say | Share this article:
There are at least 150 fintech startups in Nigeria, depending on who you ask. Statista reports that there were 144 fintech startups as of 2021 and a 2020 McKinsey report puts the number of standalone fintech startups at ... |
| 11.05.2022 | Grupp offers white label infrastructure for financial inclusion in rural communities | In many Nigerian cities, commercial and agent banks are ubiquitous and financial service delivery is robust. But when you move away from these urban centres into the rural areas, they begin to thin out or are absent altogether.
Since its Ni... |
| 14.04.2022 | Can embedded finance drive financial inclusion in Nigeria? | Share this article:
In 2017, African eCommerce giant, Jumia, launched JumiaPay, its mobile money option, five years after it had first launched. In a statement on its launch, then co-CEO Jeremy Hodara said the objective was to “provide a sa... |
| 21.03.2022 | Lendsqr is building the infrastructure to power lending in Africa | Share this article:
The difficulties in Africa’s financial sector create room for many opportunities. Like a giant onion bulb, when one financial service issue is resolved, other layers reveal more issues to be solved.
When businesses found... |
| 22.01.2022 | Over 59 million bank accounts yet to be linked to BVNs | --> -->
Data from the Nigeria Inter-Bank Settlement System Plc (NIBSS) shows that the total BVN count as at January 16th 2022 has reached 52.1 million. Compared to the 111.5 million number of bank accounts as of May 2020, the figure s... |
| 10.01.2022 | How Touch and Pay (TAP) got 1.5 million Lagosians to adopt cashless bus rides | Share this article:
It was a busy Thursday afternoon in one of Nigeria’s busiest cities — Lagos. Three young men who needed to go from Ikotun to Agege hopped into the popular yellow buses known as Danfo.
Shortly after the journey began, the... |
| 06.01.2022 | Nigerian fintech predictions for 2022: Dollar exchanges go the way of Bitcoin | Share this article:
If 2021 was an amazing trip for Nigerian fintechs, then 2022 could be a blast off to space. That’s how significant the exponential growth in the fintech space has been in recent years, and it creates room for bullishness... |
| 31.12.2021 | Reviewing Nigerian fintech in 2021: Local investors are stepping up | Share this article:
Between January and September 2021, African fintechs raised up to $1.4 billion, signalling an increasing investor appetite for Africa’s growing fintech space, and Nigeria has taken centre stage.
When Paystack and Flutter... |
| 18.11.2021 | Kredi Bank wants to usher Nigerians into the “future of banking” | In Nigeria, fintech startups are increasingly taking on incumbent banks by offering people and businesses a mobile-first, personalised, and often cheaper set of banking services. Lagos-based Kredimoney, founded by Afolabi Abimbola and Samue... |
| 08.11.2021 | What MTN, Airtel PSB licence approval could mean for financial inclusion in Nigeria | Share this article:
On Friday, November 8, 2021, telecom giants MTN and Airtel, in separate statements, revealed that the Central Bank of Nigeria (CBN) had granted them approval in principle to operate payment service banks (PSBs).
Subject ... |
| 23.09.2021 | CDC Group’s $50.9m commitment, ZOLA Electric’s digital energy, and Flutterwave X 9PSB | Share this article:
Hi there,
Today, I’m discussing:
CDC Group’s $50.9m commitment
ZOLA Electric’s digital energy
Flutterwave and 9PSB’s partnership CDC’s $50.9m commitment to Africa
Nick O’Donohoe, CDC Group CEO. Image source: Nairametrics... |
| 15.07.2021 | A deep dive into the activities of PoS agents in Nigeria | Share this article:
Emmanuel travelled to Osun State from Lagos State on a busy Friday afternoon and made a stop at Ibadan, the capital city of Oyo State, where it was raining heavily.
With the cost of transportation sometimes increasing wi... |
| 12.07.2021 | Nigeria’s Mobile Money regulations, Flutterwave’s tax relief miss, World Population Day | Share this article:
Good day,
Today, I’m discussing:
CBN’s new regulations for Mobile Money services in Nigeria
Flutterwave misses out on tax relief
Nigeria’s young population and tech CBN releases new regulations for Mobile Money services ... |
| 02.06.2021 | How Releaf and OnePipe plan to help farmers in Southern Nigeria have access to digital financial services | Share this article:
Following a partnership between Releaf — an agritech startup — and fintech startup, OnePipe, farmers in Cross River and Akwa Ibom states can now easily access digital financial services.
Speaking on the partnership, Rele... |
| 06.05.2021 | Paystack expands to South Africa with plans to capture Africa’s eCommerce market | Share this article:
Nigerian fintech startup Paystack has announced its official expansion to one of Africa’s largest markets, South Africa.
Founded in 2015, by Shola Akinlade (CEO) and Ezra Olubi (CTO) Paystack uses its API to help busines... |
| 22.04.2021 | We’ve come a long way, but there’s still so much to do | Share this article:
Good day,
Oluwanifemi and Emmanuel here.
On Wednesday, April 20, 2021, Nigerian fintech startup, Okra, closed a $3.5 million seed round almost a year (I checked, it’s six days short of 365 days) after raising $1 million ... |
| 20.04.2021 | Nigeria’s $155b e-transactions, ride-hailing drivers strike, Andela’s global expansion | Share this article:
Good day,
Oluwanifemi and Emmanuel here. Today we are discussing:
Nigeria’s $155 billion e-transactions in 2021
Uber, Bolt drivers strike in Lagos
Andela’s global expansion Nigeria’s $155b e-transactions in 2021
Photo by... |
| 09.03.2021 | African payments company Flutterwave raises $170M, now valued at over $1B | The proliferation of fintech services across Africa remains in full swing as investors remain bullish about the opportunities that abound in the sector. Today we behold another unicorn: African payments company Flutterwave announced that it... |
| 22.02.2021 | In 2020, Nigeria lost ₦5b to fraud in 9 months: What you need to watch out for | Share this article:
The Nigeria Inter-Bank Settlement System (NIBSS) has released its industry fraud report for Q3 2020. As presented by various financial institutions, the report captures major talking points around fraud volume, fraud tec... |
| 10.02.2021 | How Nigeria’s central bank could reverse its cryptocurrency policy | It is possible to over-analyse decisions and attempt to decrypt rhyme and reason where there is none.
Football fans and pundits dissect every top team’s defeat as a crisis. Film buffs are guilty as well: I lost my voice defending Taraji P. ... |
| 30.12.2020 | Reviewing Nigerian fintech predictions for 2020 | Share this article:
Despite a global pandemic, Nigeria’s financial sector has grown significantly in 2020. At the beginning of the year, Adedeji Olowe, Trium Networks CEO and Open Banking Nigeria trustee made some interesting economic predi... |
| 05.11.2020 | Value of online transactions in Nigeria hit $116 billion in Q3 2020 | Share this article:
After a massive drop during the COVID-19-induced lockdown, the volume and value of online transactions in Nigeria hit new heights in Q3 2020, pointing to improved economic activities following the relaxation of the lockd... |
| 14.10.2020 | A Nigerian internet or social media shutdown? What to know and do | Two fears arise every time citizens of an African country take to the streets en masse to criticize some aspect of their government’s performance: that the government will shut down the internet, or that access to social media sites will be... |
| 01.10.2020 | Fintechs are merely scratching the surface of financial inclusion in Nigeria | Share this article:
Nigeria’s banking and fintech sector has been growing in leaps and bounds with some experts claiming that Nigeria’s financial system is one of the most advanced in the world. Despite this, a majority of Nigerian adults f... |
| 14.09.2020 | GTBank’s fintech ambitions could lead to a future billion-dollar IPO | Guaranty Trust Bank (GTBank), one of Nigeria’s most profitable banks, is moving quickly with its restructuring plans. In March, the bank told investors it would restructure into a holding company which would allow it to offer more financial... |
| 03.09.2020 | Why Payment Service Banks could face an uphill battle in the Nigerian market | Share this article:
The Central Bank of Nigeria (CBN) has approved three new Payment Service Banks (PSBs) a few days after updating its guidelines on August 27, 2020. These companies will be playing in a space that looks to boost financial ... |
| 30.07.2020 | The BackEnd: BVN’s central role in re-shaping Nigeria’s credit repayment culture | The BackEnd explores the product development process in African tech. We take you into the minds of those who conceived, designed and built the product; highlighting product uniqueness, user behaviour assumptions and challenges during the p... |
| 14.07.2020 | Online transactions in Nigeria dropped by $10 billion during the lockdown | Share this article:
A recurrent trend during the pandemic-induced lockdown was Nigerian businesses and individuals moving online. However, online financial transactions seemed to have dipped considerably during this period.
According to dat... |
| 21.04.2020 | 7 years later: How far has Nigeria come in its cashless vision for 2020? | Share this article:
In recent years, the drive for financial inclusion and a cashless economy has witnessed a lot of progress but it has remained one or two steps behind expected milestones. From policies to infrastructure, and to culture, ... |
| 16.04.2020 | 3 financial measures that could cushion Nigeria’s lockdown extension | Share this article:
The lockdown extension in three of Nigeria’s major states has brought with it fears of financial hardships. In response, the Nigerian government has announced some measures to help ease the burden on individuals and busi... |
| 14.04.2020 | Lockdown aid: Why payments via BVN might not be feasible in Nigeria | Share this article:
Due to the continued spread of the COVID-19 pandemic, Nigeria’s President, Muhammadu Buhari confirmed the lockdown extension in three of its major cities — Lagos, Abuja and Ogun. Prior to the President’s order, other sta... |
| 25.03.2020 | Will card payments disappear in the nearest future? | 100 years ago, no one would have thought the entire value of gold coins and paper money could be stored in a simple card.
Credit cards, debits cards, the emergence of card payments spurred commerce and made it easier for bank customers to a... |
| 24.01.2020 | Visa, Mastercard and an ongoing battle for Nigeria’s electronic payments space | Share this article:
You may have heard of the $35 million fundraising by Nigerian fintech startup, Flutterwave, in its latest series round.
You might also be wondering why global payment company Visa was a participating investor, considerin... |
| 23.01.2020 | E-payment channels hit $290 billion in 2019 as Nigeria’s cashless population significantly increases | Share this article:
Despite the challenges facing the widespread adoption of e-payment channels, Nigerians appear to be increasingly embracing digital payments as evidenced by the massive increase in the use of e-payment channels.
According... |
| 16.01.2020 | Financial predictions for 2020: WhatsApp will give fintechs a tough time | Share this article:
The financial sector witnessed a number of successes and milestones in 2019, balanced with doses of telling regulations, massive funding, and development of various financial solutions across different sectors.
Adedeji O... |
| 30.12.2019 | Fintech 2019 predictions revisited: What really happened? | Share this article:
2018 was the year of fintech startups in Nigeria, especially with respect to funding activities as well as prominent industry moves and regulations.
In December 2018, Trium Networks CEO and Open Banking Nigeria trustee, ... |
| 17.10.2019 | CBN wants you to go cashless but still spends billions annually printing cash | Share this article:
Nigeria’s economy is predominantly cash-based, but there have been encouraging signs of a cashless drive with the gradual adoption of e-payment channels according to figures from the Nigerian Interbank Settlement System ... |
| 02.10.2019 | OEverything: Can OPay dominate Nigeria’s fintech market? | They’re everywhere, green and hard to miss. You’ve probably used one of their services or perhaps you haven’t. Not just yet. But you’ve heard of them and seen their billboards around town. OPay landed quietly in Nigeria in 2018 as a payment... |
| 04.09.2019 | “Culture is responsible for low adoption of digital payments in Nigeria” — Hakeem Adeniji-Adele, Deputy MD, eTranzact | Share this article:
The latest figures from the Nigeria Inter-Bank Settlement System (NIBSS) put the total value of transactions on automated teller machines (ATMs) at ₦1.5 trillion in Q1 2019 (PDF) while those of mobile money operations an... |
| 08.08.2019 | Proposed five percent tax on e-commerce transactions could hinder growth | In a recent interview, Babatunde Fowler, the Chairman of the Federal Inland Revenue Service (FIRS), disclosed that his agency is considering imposing a new tax specifically for e-commerce.
The plan is to deduct a five percent value added ta... |
| 06.06.2019 | NIBSS Q1 2019 Financial Report reveals POS Transaction grew to 89 Million | The volume of POS transactions in Nigeria increased significantly by 89 million in the first quarter of 2019. This is higher than the earlier record increase of 83.8 million from Q4 2018.
This is according to the Q1 2019 financial report fr... |
| 02.04.2019 | Why an efficient national identification system is instrumental to Nigeria’s financial inclusion drive | Share this article:
On the ground that Nigeria has no efficient national identity system, the co-founder and chief marketing officer of PiggyVest (formerly known as PiggyBank), Joshua Chibueze emphasises the need for one, which will in turn... |
