Finance and Fintech

With $4bn Market Size, Nigeria’s Islamic Finance Industry To Surge In H2 – Fitch
June 12, 2025

Fitch Ratings forecasts a boom in Nigeria’s Islamic finance sector from the second half of 2025...

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Private sector credit rises to N77.9 trillion in April 2025
June 12, 2025

Credit to Nigeria’s private sector rose to $49.04 billion in April 2025, up from $47.97 billion...

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Nigeria’s open banking to launch in August after four-year wait
May 5, 2025

Nigeria’s Central Bank (CBN) has approved the launch of open banking, mandating that banks begin sharing...

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Nigeria’s business confidence strengthens as PMI hits 52.3 in March 2025 – CBN report
April 11, 2025

Nigeria’s private sector activity continued its upward trajectory in March 2025, with the Central Bank of...

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Afreximbank secures $300 million in first-ever Chinese Panda bond offering
April 10, 2025

The African Export-Import Bank (Afreximbank) has successfully raised $299.9 million (2.2 billion renminbi) through its inaugural...

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PoS transactions surge to 18 trillion in 2024 as fintechs expand terminal deployment
February 6, 2025

The value of transactions over Point of Sales (PoS) terminals in Nigeria surged to $12.1 billion...

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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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