Category Archives: News

South Africa, Nigeria and Kenya have the most developed fintech ecosystems In Africa

In Africa, South Africa, Nigeria and Kenya have the three most developed fintech ecosystems, combining more than 450 companies. This burgeoning industry has…
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Flutterwave CEO, Olugbenga Agboola allegedly accused of harassing Ex-employee

In the early hours of Monday, April 4, Clara Wanjiku, an ex-employee of Nigerian payment company Flutterwave, published a Medium post calling out…
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Top 10 Online Payment Platform In Nigeria

Payment Platform means any platform used to charge end-user payment and/or service fee via internet, electronic machine and/or physical stores for providing product…
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How to apply for CBN’s loan

The Central Bank of Nigeria (CBN) recently released the list of 28 companies that were beneficiaries of N23.2 billion from the first cycle…
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CBN warns against borrowing money from loan sharks

The Central Bank of Nigeria has stated that individuals in need of funds don’t need to know anybody to collect loans from banks,…
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Difference between open-loop and closed-loop payment cards

What is open-loop? Open-loop payments are attracting attention worldwide as a convenient method of paying for transport and other services. Open-loop means any…
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Nigeria to Launch Its Own Cryptocurrency ‘eNaira’ in Partnership With Bitt

Nigeria barred banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies in February. HIGHLIGHTS eNaira would accelerate financial inclusion The…
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CBN Bans Fintech Companies From Providing BVN Validation Services For Customers

The Central Bank of Nigeria has reportedly banned fintech companies and other non-bank financial institutions in Nigeria from providing the Bank Verification Number…
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Nigeria's Ngozi Okonjo-Iweala appointed WTO director-general

Nigeria’s Ngozi Okonjo-Iweala appointed WTO director-general

Some days ago, History was made in Africa especially in Nigeria as Ngozi Okonjo-Iweala was appointed the world trade organization’s seventh Director-General. On…
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BREAKING: CBN bans Nigerians from buying, selling bitcoin, other cryptos

Central Bank of Nigeria has ordered banks and other financial institutions to close customer accounts used in trading cryptocurrencies and other related transactions. In…
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