Finance and Fintech

BVN enrollments hit 64.8 million in January 2025—NIBSS
January 24, 2025

Enrollments for the Bank Verification Number (BVN) by bank account owners in the country increased to...

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Moniepoint, Tyme‘s mega deals push African startups’ fundraising to $2.2 billion in 2024
January 9, 2025

African startups cumulatively raised a total of $2.2 billion in 2024 driven by two mega deals...

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How fintechs struck gold in Nigerian market amid trust concerns—Chika Nwosu
November 14, 2024

With billions of dollars in monthly transaction value and hundreds of millions in volume, fintechs have...

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52% of Nigerian adults have bank accounts in 2023 — CBN
November 8, 2024

The Central Bank of Nigeria (CBN) has disclosed that about 54 million Nigerian adults, representing 52...

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Nigeria on course to lead Africa in open banking – Uzoma Dozie
October 24, 2024

The Founder and Chief Executive Officer of Sparkle, a Nigerian digital bank, Dozie Uzoma, has said...

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Nigeria needs $100bn annually for infrastructure financing – FCMB
October 17, 2024

The Managing Director of First City Monument Bank, Yemisi Edun, has revealed that Nigeria requires an...

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Palmpay, OPay, other mobile money operators process N41.5 trillion transactions in 7 months
October 10, 2024

Data released by the Nigeria Inter-Bank Settlement Systems (NIBSS) has revealed that licensed mobile money operators...

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Fintechs lead as African startups raise $138 million in September 2024—Report
October 10, 2024

African startups announced a total of $138 million in September 2024, encompassing equity, debt, and grants....

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‘Nigeria Can Earn $1bn Annually From Carbon Finance’
October 1, 2024

For a nation too long distracted by crude oil earnings, $1 billion earning possibilities exist for...

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Active bank accounts in Nigeria rise to 231.1 million in July 2024—NIBSS
October 1, 2024

The Nigeria Inter-Bank Settlement System (NIBSS), has revealed that the number of active bank accounts in...

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CBN says new IMTO licences push Nigeria’s remittance inflows to $585 million in August 2024
October 1, 2024

The Central Bank of Nigeria (CBN) has said that its recent decision to licence more International...

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Ivory Coast becomes Nigeria’s biggest trade partner in Africa after N2.05 trillion crude oil imports
September 17, 2024

Nigeria has been listed as one of the top 3 countries in the world where Central...

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