The Central Bank of Nigeria (CBN) last Wednesday announced that it would redesign the country’s N200, N500 and N1,000. The CBN Governor, Godwin Emefiele, said… The Central Bank of Nigeria (CBN) last Wednesday announced that it would redesign the country’s N200, N500 and N1,000. The CBN Governor, Godwin Emefiele, said the change would be done […]
Payment Solutions
The tech world is still grappling with this week’s announcement of Twitter’s acquisition by the world’s richest man, Elon Musk for a whopping $44 billion. But that is not the first acquisition to raise the dust in the tech world. While the Twitter/Elon Musk deal has been described as the biggest acquisition by an individual, […]
The industry is growing at such a rapid pace that the laws of the country have not been able to keep up. Thus, there is no adequate legal or institutional framework to govern and regulate the activities and operations of these FinTech companies. No doubt, the Nigeria Startup Bill that is currently awaiting presidential assent, […]
Female ‘techpreneurs’ are taking their place in Africa’s male-dominated fintech boom, but gender bias makes it harder for them to access finance and grow their businesses. Africa has double the average rate of women-led fintechs. Less than 5% of funds went to fintechs led only by women. Female techpreneurs face lower valuations, more oversight. From […]
In Africa, South Africa, Nigeria and Kenya have the three most developed fintech ecosystems, combining more than 450 companies. This burgeoning industry has been driven by strong demographic indicators, increased connectivity, early regulation, and proactive governments. South Africa: an early mover in fintech regulation South Africa was an early mover in fintech regulation and development, […]
The Giant of Africa isn’t giant when it come to Fintech in Africa, Nigeria is ranked 3rd in Africa in the 2021 Global Fintech Rankings. The countries ranking nosedived according to the report released by findexable, which identifies emerging hubs, fintech companies and trends. Among the 83 countries ranked in the index, Nigeria dropped five […]
The central bank governor, Godwin Emefiele, has just picked up the 2023 Presidential nomination form of the ruling All Progressives Congress (APC), after paying the mandatory N100 million. The governor of the Central Bank of Nigeria, Godwin Emefiele, has formally announced his intention to run for the office of the Nigerian president. Mr Emefiele announced […]
Financial technology also referred to as FinTech, is the new technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. This is a fast-rising sector in Nigeria as there has been significant investment in technology and investments in recent years. This brief write-up will essentially focus on what […]
Financial service delivery in Nigeria is seeing a burst in growth as a result of the emerging technologies in the financial service sector. Financial Technology (FinTech) companies are the emerging companies in the industry improving finance service delivery with the help of technology. These companies had become some of the fastest growing technology companies in […]
In the early hours of Monday, April 4, Clara Wanjiku, an ex-employee of Nigerian payment company Flutterwave, published a Medium post calling out the company’s CEO, Olugbenga Agboola, for “5 years of constant harassment”. In the post, Wanjiku claims that after quitting her job as Head of Implementation at Flutterwave (Rest of Africa) in 2018, […]
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