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fintech nigeria

Top 10 Nigerian Fintech Payment Applications

Fintech applications have emerged as transformative tools that offer manifold benefits to businesses across industries. Fintech is the mergence of technology and finance that once combined have the ability to streamline financial processes, enhancing efficiency and accuracy. Fintech applications also...

Fintech PalmPay Celebrates Massive User Milestone in Nigeria

Lagos-based fintech PalmPay has today announced that it has reached 10 million users in Nigeria. The company says that this represents a doubling in its user base within just six months and only 3 years after the company launched in...

How To Pay Freely In Nigeria

Getting paid for work is not an easy task in Nigeria. There's always some sort of issue with the structures of the banks; it can be transferring money from one account to another or even withdrawing a relatively small...

African Development Bank & MTN Launch Women’s Finance Study in Nigeria

The African Development Bank has signed a grant agreement for $500,000 with Y’ello Digital Financial Services (YDFS), a fintech subsidiary of MTN Nigeria, to be used for a study into economic, religious, and social factors hampering access to finance...

MFS Africa Expands to Nigeria After This Massive Fintech Acquisition

MFS Africa, one of the largest pan-African digital payments hubs, has announced that it has signed an agreement to acquire Baxi, one of Nigeria's leading super-agent networks. The deal, which is subject to approval from the Central Bank of Nigeria,...

5 Top Instant Loan Apps in Nigeria

It has never been easier to secure a loan for personal or business purposes. Modern, smartphone-based apps and platforms have made the process more seamless than ever. If you have a phone, an internet connection and a bank account, chances...

Nigeria’s OPay Raises $400-Million in Largest Investment Round by African Startup

Nigeria-based fintech OPay has secured $400-million during a new funding round left by SoftBank Vision Fund, Japanese conglomerate SoftBank's venture capital arm. According to Tech Cabal, this latest funding round brings total investments into OPay to $570-million and sees the...

Nigeria’s Central Bank Freezes Accounts of 4 Major Fintech Platforms

The Central Bank of Nigeria (CBN) has sought to freeze the bank accounts of four major Nigerian fintech platforms, namely Risevest, Bamboo, Trave and Chaka. These four platforms will have their accounts frozen for the next six months, according to...

Why the Central Bank of Nigeria is Cracking Down on Forex Sales

The Central Bank of Nigeria (CBN) has banned the sales of foreign exchange (FX/Forex) to Bureau De Change (BDC) operators in Nigeria. The registration of new BDC operators has also been halted with immediate effect. Godwin Emefiele, CBN's governor, made...

Nigeria: UBA reveals advanced mobile banking platform

According to a report via the Daily Trust, the United Bank for Africa (UBA) has unveiled the newest version of U-Mobile. In the report Yinka Adedeji, Divisional Head, Digital Banking stated that: "The new U-Mobile is an entirely new platform....
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African Fintech Giant Ranked as Fastest-Growing

The world’s leading financial publication confirmed Moniepoint’s accolade in its annual “Africa’s Fastest Growing Companies” survey, released yesterday. It...
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