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  • How Nigerian Fintech Platforms Are Poised to Revolutionize Blockchain Soon

    Nigeria stands as a global frontrunner in cryptocurrency adoption. According to a 2023 Chainalysis report, it ranks second worldwide, with Triple-A estimating that over 22...

    Why Nigerian fintech platforms will be big on blockchain soon
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    Tech
    Nigeria stands as a global frontrunner in cryptocurrency adoption. According to a 2023 Chainalysis report, it ranks second worldwide, with Triple-A estimating that over 22 million Nigerians-more than 10% of the population-own digital assets. Despite this widespread enthusiasm for crypto, the integration of blockchain technology within Nigeria’s fintech sector has been comparatively slow, with many...
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  • Nigerian Fintech Kredete Secures $22M Series A to Power Ambitious Expansion into European Markets

    Nigerian fintech startup Kredete, dedicated to supporting African immigrants in building credit and accessing financial services, has successfully raised $22 million in a Series A...

    Nigerian fintech Kredete set to expand into European markets with $22M series A funding
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    Tech
    Nigerian fintech startup Kredete, dedicated to supporting African immigrants in building credit and accessing financial services, has successfully raised $22 million in a Series A funding round aimed at accelerating its entry into European markets. The investment was spearheaded by AfricInvest through its Cathay AfricInvest Innovation Fund (CAIF) and Financial Inclusion Vehicle (FIVE), with additional...
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  • Sterling Bank’s Homegrown Core Banking App Hits 2 Billion Transactions in Its First Year!

    Sterling Bank, a prominent Nigerian tier-2 financial institution with a market value of ₦390.9 billion, has announced that its indigenous core banking system, SEABaaS, successfully...

    Sterling Bank says locally built core banking application processed 2 billion transactions in first year  
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    Tech
    Sterling Bank, a prominent Nigerian tier-2 financial institution with a market value of ₦390.9 billion, has announced that its indigenous core banking system, SEABaaS, successfully handled two billion transactions over the last year without experiencing any downtime. In 2024, Sterling Bank transitioned from the internationally recognized T24 platform, developed by Geneva-based Temenos AG, to its...
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  • FirstBank Breaks ₦1 Trillion Digital Loan Barrier, Ushering in a New Era of Inclusive Lending in Nigeria

    FirstBank Surpasses ₦1 Trillion in Digital Loan Disbursements, Ushering a New Chapter in Nigeria’s Financial Inclusion FirstBank has recently celebrated a monumental milestone by disbursing...

    FirstBank’s ₦1trn digital loan disbursement milestone and the new era of inclusive lending in Nigeria
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    Politics Today
    FirstBank Surpasses ₦1 Trillion in Digital Loan Disbursements, Ushering a New Chapter in Nigeria’s Financial Inclusion FirstBank has recently celebrated a monumental milestone by disbursing over ₦1 trillion in digital loans, a feat that underscores its pivotal role in transforming Nigeria’s lending landscape. This achievement is more than a numerical landmark; it signifies a profound...
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  • CBN Mandates Banks and POS Operators to Complete Full Migration to ISO 20022 Payment Standard by October 31

    The Central Bank of Nigeria (CBN) has mandated that all commercial banks, microfinance institutions, mobile money operators, and other authorized participants within the payment ecosystem...

    CBN orders banks, POS operators, others to implement full migration to ISO 20022 payment standard by Oct 31
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    Politics Today
    The Central Bank of Nigeria (CBN) has mandated that all commercial banks, microfinance institutions, mobile money operators, and other authorized participants within the payment ecosystem complete their transition to the ISO 20022 payment messaging standard by October 31. This directive was issued through an official circular signed by Rakiya Yusuf, Director of the Payments System...
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  • Top Fintech Apps in Nigeria Offering the Best Competitive Interest Rates on Your Savings

    Contents Overview PiggyVest Overview Renmoney Features FairMoney Savings Plans Cowrywise Investment and Savings Kuda Bank Digital Savings Comparative Table of Nigerian Fintech Savings Apps Not...

    Fintech apps in Nigeria with competitive interest rates on savings
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    Tech
    Contents Overview PiggyVest Overview Renmoney Features FairMoney Savings Plans Cowrywise Investment and Savings Kuda Bank Digital Savings Comparative Table of Nigerian Fintech Savings Apps Not long ago, my savings were confined to a conventional bank account, where the interest barely made a dent in my balance. It felt more like a secure holding place than...
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  • Tinubu Launches Innovative Personal Income Tax Calculator to Simplify Your Taxes!

    President Bola Tinubu Launches Innovative Personal Income Tax Calculator In a recent announcement, President Bola Tinubu introduced a cutting-edge personal income tax calculator designed to...

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    Opinion
    President Bola Tinubu Launches Innovative Personal Income Tax Calculator In a recent announcement, President Bola Tinubu introduced a cutting-edge personal income tax calculator designed to simplify tax computations for Nigerian citizens. This digital tool aims to enhance transparency and ease the process of calculating individual tax liabilities. Streamlining Tax Calculations for Nigerians The newly launched...
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  • Apex Network Aims to Revolutionize Crypto-to-Cash Transactions Across Africa

    Apex Network: Transforming Fintech Across Africa Initially created to address the needs of Nigeria’s early cryptocurrency users, Apex Network has grown into a comprehensive fintech...

    Apex Network wants to make crypto-to-cash seamless across Africa   
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    Tech
    Apex Network: Transforming Fintech Across Africa Initially created to address the needs of Nigeria’s early cryptocurrency users, Apex Network has grown into a comprehensive fintech platform serving the entire African continent. Over the past five years, the company has significantly broadened its offerings, moving well beyond its original crypto-to-cash exchange services. From Niche Crypto Solution...
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  • Discover Why Fintech Transactions Outpace Traditional Banks Every Time

    Understanding the Speed of Fintech Transactions Versus Traditional Banks in Nigeria In Nigeria, it’s a common belief that fintech platforms such as OPay and Moniepoint...

    Here is why fintech transactions are faster than traditional banks
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    Tech
    Understanding the Speed of Fintech Transactions Versus Traditional Banks in Nigeria In Nigeria, it’s a common belief that fintech platforms such as OPay and Moniepoint process transactions much faster than conventional banks. The popular narrative suggests that banks are “slow because they rely on batch processing,” whereas fintechs are “instant due to their use of...
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