The Fintech industry in Nigeria is warming up for yet another round of electrifying discourses at the PoS Innovation Summit scheduled to hold on Tuesday, May 7, 2019 at The Wheatbaker, Ikoyi. The event will draw delegates from the Central Bank of Nigeria (CBN), Nigeria Interbank Settlement System (NIBSS), Banks, players in the Fintech industry…

Financial Technology (Fintech), has been described as a new revolution transforming various sectors of the Nigerian economy.This development, according to the Fintech Association of Nigeria ...

Eagle Global Markets (EGM), has reiterated the importance of innovation and financial technology (fintech) particularly in a developing economy like Nigeria.   The fintech firm stated this recently when representatives from the Enterprise Innovation Hub and Technology Services units of the Nigerian Stock Exchange (NSE), visited its office in Lagos.   EGM noted that in…

Paylater, the Nigerian fintech company specializing in consumer lending, has confirmed its much-anticipated name change in light of its growing banking services. Re-launching as “Carbon, the rebrand reflects the company’s deliberate transition to a fully-fledged digital financial services platform that now offers bill payments, fund transfers and savings products, in addition to loans. As Carbon…

A non-governmental Organisation (NGO), The Candlelight Foundation, is holding a ‘Walk Against Hunger’ in Lagos to raise funds for the needy. Supported by Providus Bank, FBN Mortgages, Indomie Noodles, among others, the non-profit soup kitchen noted that the idea was an elongation of its free meals and other charitable acts to hundreds of starving persons in…

In recent times, many Nigerians have been relying on financial technology (Fintech) companies for quick solutions to their financial constraints. A cross-section of the population now use these companies to pay their bills, save funds, transfer cash, and even take loans. The disruption fintechs brought about in the financial services space is certainly undeniable, and…

In recent times, many Nigerians have been relying on financial technology (Fintech) companies for quick solutions to their financial constraints. A cross-section of the population now use these companies to pay their bills, save funds, transfer cash, and even take loans. The disruption fintechs brought about in the financial services space is certainly undeniable, and…

As stakeholders in the country’s financial ecosystem awaits the central bank of Nigeria new regulation on Fintech operations, there are anxiety about the impending shake-up of the banking service that may come with allowing Fintech access to more banking services. Mr. Musa Jimoh, Deputy Director, Banking and Payments System Policy, Central Bank of Nigeria (CBN),…

Having successfully established a model for the establishment of national fintech associations in Africa, Fintech Association of Nigeria has achieved a new feat as it partnered the United Nations Economic Commission for Africa (UNECA) to launch the umbrella continental body.   Africa Fintech Network was formally launched at the 52nd Session of the UNECA Conference of African…

The Central Bank of Nigeria (CBN) has tasked stakeholders in the finance industry to scale up their capacity to innovate by developing products that would meet customers’ needs and enhance their capacity in handling transactions.    This charge was made by the Governor, CBN, Godwin Emefiele, represented by Deputy Governor, Financial Systems Stability, Aishah Ahmad,…

Data subscriptions in Nigeria lifted MTN’s revenue by 15 per cent in 2018. The firm grew its active data users from 4.5 million customers to 18.7 million within the last few years.     A document made available to The Guardian revealed that the South African firm, which raked in about N1.06trillion from Nigeria last year, recorded N150.7 billion…

From 1,707 deals, global financial technology (FinTech) companies raised about $39.57 billion from investors globally in 2018, 120 per cent higher than 2017.