…by detailed, rigorous implementation plans covering technology, artificial intelligence, fintech, agriculture, manufacturing, energy transition, gas infrastructure, and financial services.” “Nigeria currently hosts five of Africa’s nine technology unicorns,” he pointed out, underlining that this statistic “highlights t…

…eventually goes through this type of correction. Banks clean up dormant accounts. Fintechs separate registered wallets from funded and transacting wallets. Media platforms distinguish between sign-ups, monthly active users and paying subscribers. E-commerce companies learn that app downloads are not the same as orders.…

OPay has declared that the next phase of Africa’s fintech revolution will be driven by Artificial Intelligence (AI), arguing that the technology can do more than automate payments by expanding financial inclusion, fighting fraud and connecting millions of underserved people to the formal financial system. The fintech c…

…banking industry for the implementation of Open Banking by taking senior banking and fintech executives on an international training and study tour focused on governance, cybersecurity, risk management, and regulatory readiness. The initiative comes as Nigerian financial institutions position themselves for the next ph…

…FAJMA, Absar, Fossetic Ingénierie et Telluriq — représentaient des secteurs allant de la fintech et la healthtech à la cybersécurité. Plusieurs fondateurs ont pitché devant une salle d’investisseurs internationaux immédiatement après le lancement, offrant un aperçu en direct du pipeline que le fonds est conçu pour serv…

HabariPay, the fintech subsidiary of one of Nigeria’s largest financial services groups, processed ₦80.9 trillion ($59.04 billion) in payments in 2025, almost three times the value it handled in the previous year. Now, it wants to build on that growth by deploying 200,000 Point-of-Sale (PoS) terminals nationwide, incre…

…one of its most valuable assets: data. Under a sweeping Central Bank directive, banks, fintechs, and payment companies must move their transactional data from overseas cloud servers to data centres inside Nigeria by January 1, 2027. The mandate sets in motion one of the country’s largest cloud migrations to date, shift…

…broader participation in the digital economy. Through collaborations with banks, fintechs, merchants and payment service providers, Verve continues to drive financial inclusion and enable seamless payment experiences for millions of consumers across the continent. Speaking on Verve’s growth trajectory and expanding rea…

…countries build infrastructure to control that flow themselves." African governments, fintechs, and central banks are increasingly seeking alternatives to fragmented payment rails and reliance on dollar-backed stablecoins. Uganda has emerged as one of the continent’s boldest experiments. Founded in Miami, the United St…

…not what organisations say; trust is what they do. Banks, telecommunications companies, fintech firms, and other organisations must demonstrate through their actions that they can be trusted with personal data. If people do not trust them, they simply will not use their services. National security itself increasingly h…

…it was a fun and doable project.” He said he deliberately avoided building another fintech or delivery app. “Coming from a Civil Engineering background as a self-taught developer, I wanted to be strategic with my early projects,” he said. “A conventional delivery or finance app would have required massive backend infra…

…sector since VC investment retreated from its 2021 peak. The downturn has forced some fintech, e-commerce, logistics, and software startups to restructure to conserve cash. For example, fintech lender Tala recently laid off staff as it seeks to streamline operations. The court also ruled that consultation means employe…

…the NIN, payment infrastructure that enables money to move seamlessly across banks and fintech platforms, and Public Key Infrastructure (PKI), the cryptographic security system that verifies identities, encrypts data, and protects online transactions. These systems make it possible to open a bank account remotely, acce…

…earlier called on the Central Bank of Nigeria (CBN) to require all deposit-taking fintechs and microfinance banks (MFBs) to publish their annual financial reports, arguing that institutions entrusted with public funds should be subject to greater transparency.

…the continent’s ransomware attacks and 40% of phishing incidents. Who wins here? Banks, fintechs, and governments that need stronger cyber defences but cannot build world-class security teams on their own. Access to global threat intelligence is far cheaper than recovering from a major breach. Who loses? Standalone cyb…

…industrial goods, consumer goods, oil and gas, telecommunications, insurance, fintech and even the SME sector. To support this transition, the Financial Reporting Council has organised over 47 training sessions, workshops and technical engagements, reaching more than 4,500 participants drawn from over 215 organisations…

Paga, one of Africa’s oldest fintech companies, is deepening its push into wealth products through a partnership with blockchain infrastructure startup TBook that will allow users to invest in tokenised real-world assets (RWAs). The partnership will connect Paga’s payment and compliance infrastructure with TBook’s mark…

…with a bank. Technology promised to close that gap. If banks lent against paperwork, fintech would lend against data. It was one of the easiest stories in African tech to believe because the numbers appeared to support it. Credit penetration remained low by global standards, large parts of the economy operated informal…

…our weekly series that unpacks the earnings, business, and scaling strategies of African fintechs, financial institutions, companies, and governments. A new edition drops every Monday. Fintechs built their reputation by making payments faster and replacing many physical banking functions with smartphones. Now, they are…

…Africa, argued that traditional banks operate under heavier regulatory requirements than fintechs. According to him, banks face stricter rules on capital adequacy and non-performing loan (NPL) ratios, creating what he described as regulatory imbalance. Get up to speed The debate comes against the backdrop of existing C…

…financial institutions, this may be relatively straightforward. For high-growth fintech companies, however, the exercise could be considerably more complicated. Over the past decade, Nigeria's leading fintech firms have raised billions of dollars from international investors. To accommodate those investments, many esta…

…logistics, and finance have created opportunities for entrepreneurs in sectors like fintech, agritech, renewable energy, and solutions that reduce the cost of living. Nigeria is not collapsing; it is experiencing a difficult transition. Businesses that remain disciplined, adaptable, and focused on solving real problems…

…level. Aboh described Lagos as Nigeria's leading innovation hub because of its fintech activity, although he said the state still ranked behind several other African technology centres in some global fintech indices. According to Aboh, Nigeria must treat AI as a practical tool rather than an abstract technology or long…

…the end of my time in the nine-to-five." By January 2022, she said she had to quit her fintech job to pursue content creation full-time. In August that same year, she received an offer to resume a role as an associate in content & performance marketing from a Nairobi and Berlin-based company, Kwara, a startup turning c…

…Nairametrics earlier reported that the Central Bank of Nigeria (CBN) has ordered banks, fintech companies, mobile money operators, and other payment service providers to keep all payment transaction data generated in Nigeria within the country. The directive was issued in a circular released on June 15 and signed by Ra…