Nigerian Banks to Deduct N50 on Transfer Inflows Above N10,000
In compliance with the instructions of the Federal Inland Revenue Service (FIRS), fintech establishments have begun notifying their customers of plans to…
Posted inFintech
Paypal, Visa, Interswitch, Mastercard CEO Recognized Among 2023 CEO.
The Financial Technology Report, a global media authority in the fintech industry, has recognised the Interswitch Group Founder and CEO, Mitchell Elegbe,…
Posted inFintech
FintechNGR Pushes For Digital Inclusion, Innovation.
The Fintech Association of Nigeria (FintechNGR) has advocated digital inclusion, innovation and growth within and outside the ecosystem. The President of FintechNGR,…
Posted inFintech
Nigerian Fintech Company Faces Internal Hack, Loses $214,000.
Fintech startup, backed by Techstars, Glade, was the victim of an internal breach. Two sources told TechCabal that the breach led to…
Posted inFintech
Nigerian Banks Record N96 Billion On Their Fintech Ventures.
Nigerian banks report remarkable revenue growth in Q1 2023, with ₦96.483 billion ($122,694,806) generated from electronic businesses. The remarkable growth is attributed…
Posted inFintech
Visa Launches $1 Billion Fintech Accelerator Programme For Africa.
Visa set to invest $1 billion In Africa's fintech startups in order to get the opportunity to scale their services every year,…
Posted inFintech
Africa Set To Move Forward As Leading Fintech Region With New Technologies.
Latest research report from the Global Fintech 2023 by the Boston Consulting Group and QED Investors, Africa and the Middle East are…
Posted inFintech
40% Of African Banks And Telecoms Are Threatened By The Growth Of Fintechs: Report.
In the latest African Banker annual report, of the 153 banks that were surveyed about 40% said they “regard fintechs and telcos…
Posted inFintech
Visa Announces Global Competition For Fintechs In Nigeria.
Applications are now open in Nigeria for the 2023 edition of the Visa Everywhere Initiative (VEI), a global open innovation competition that…
Nigeria SEC Opens Portal For Fintechs Interested In Listing In Nigerian Capital Market.
Nigeria Securities and Exchange Commission ( SEC) on Friday announced that it has opened the Regulatory Incubation portal for fintechs to submit…
Nigeria Launches Tech Funds Totalling $618 Million For Youth Investors.
Nigeria's Vice President Yemi Osinbajo launched the $618 million fund under the Investment in Digital and Creative Enterprises (iDICE) in the federal…
Posted inEconomy Fintech NAIRA RATE Regulations
Naira Scarcity : Nigerians Adopt Fintech Virtual Bank As Commercial Banks Apps, USSD Breakdown.
As the end of the Naira scarcity is nowhere in sight and following the breakdown of commercial banks mobile apps and USSD…
Nigerians Take Second Position In Global Crypto Leverage Trading Products Searches
In a recent survey and analysis of Google searches by Leverage Trading, Nigeria is the “second-highest country in the world for searches…
Nigerian Startups Among 11 African Startups Selected For Pitch Round Of Africa Accelerator Programme.
A total of eleven startups have been selected for the next stage of the MultiChoice Africa Accelerator, gaining the chance to pitch…
Posted inEconomy Fintech NEWS Technology
African Fintechs Record 39.3% Rise In Investment, Brings In $1.3 Billion.
Fintech sector in Nigeria, South Africa, Kenya and others was the most attractive to investors in 2022, receiving almost $1.5 billion in…
Posted inFintech NEWS Technology
Nigeria Missing As Kenya, South Africa Leads In Global Innovation Index Report 2022.
Mauritius, South Africa, Botswana, Kenya and Morocco, in latest inovative economies global report, ranked far above Nigeria in Africa as countries with…
Again! Chipper Cash Lays Off Staff, Halts Crypto-Related Services.
Chipper Cash, an African cross-border payments platform carried out a second round of staff layoff last Friday barely ten weeks after it…
Nigerian Fintechs To Be Listed on NGX, As Advisory Panel Announced.
Nigerian Exchange Limited (NGX) has set up the NGX Digital and Technology Products Advisory Panel. The Panel would provide a forum for…
Posted inEconomy Fintech NEWS Regulations
Nigerian and Ghana Central Banks Invites Tech Innovators To Participate In Their Respective Regulatory Sandbox.
Nigeria and Ghana central banks have invited financial innovators that wish to be included in their respective regulatory sandboxes to submit applications.…
CBN, NIBSS Launches AfriGo, Nigeria’s First National Payment Card.
The Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement Systems (NIBSS) have unveiled Nigeria’s first National payment card named AfriGo.At…