Nigeria

Articles

The Best Online Loans with Monthly Payments in Nigeria

In today’s fast-paced world, financial flexibility is essential. Whether you’re dealing with unexpected expenses, investing in a new venture, or simply managing cash flow, access to online loans with monthly payments can be a game-changer.

Articles

Emergence of AI Startups in Nigeria

The emerging AI landscape in Nigeria shows significant promise and rapid growth driven by a combination of entrepreneurial initiatives, educational efforts, and supportive policies. Growing interest in innovative technologies led to a significant increase in AI startups in Nigeria in the past few years. 

Fintech & Ecommerce

Leading Neobanks in Nigeria 2024

In the fast-paced world of finance, traditional banks face competition from digital-only neobanks. Focusing on user-friendly and personalized services, neobanks are revolutionizing Nigerian banking and promoting financial inclusion.

News

American Express Rolls Out Business Card for Nigerian Users

American Express is launching a business credit card in Nigeria.

Articles

Leading Payment Gateways in Nigeria 2024

Before 2012, Nigeria saw a heavy reliance on cash transactions due to limited access to ATMs and intricate traditional banking systems. This led the Central Bank of Nigeria to introduce the cashless policy and led to the creation of the NIP in 2011.

Blockchain & Crypto

Nigeria’s SEC Hikes Crypto Exchange Registration Fee to N150M

The regulator proposes to increase the registration fee for cryptocurrency exchanges in Nigeria fivefold – from 30 million naira ($18,620) to 150 million naira ($93,000).

Blockchain & Crypto

Where to Buy Crypto in Nigeria 2024

One of the world’s most crypto-keen countries, Nigeria offers its citizens a vast choice of cryptocurrency trading platforms. This article will help you navigate the complex landscape of cryptocurrency companies and startups operating in Nigeria and choose the best service provider according to your needs.

News

Bfree Debt Collection Startup Raises $3M to Promote Ethical Debt Recovery in Nigeria

Bfree, a Nigerian tech-enabled debt collection startup that offers an ethical alternative to aggressive money retrieval techniques, raised almost $3 million in fresh funding in a round led by Capria Ventures.

Fintech & Ecommerce

Investment Platforms: Nigeria

Nigerians are actively seeking investment portfolios and platforms to protect and grow their money amidst a challenging macroeconomic environment. This environment is currently experiencing one of its toughest periods in the last decade, as indicated by various economic indicators.

Fintech & Ecommerce

Top 10 Agri-Fintech Startups in Africa

Global stability largely depends on the food security and prosperity of the population. To reduce poverty levels and provide economic security to the dwellers of rural areas, the agriculture sector needs to be properly financed and get access to quality financial services. Agri-fintech startups serve exactly this purpose. In Africa, the need for agri-fintech services […]

Fintech & Ecommerce

Challenges to Fintech Development in Nigeria

Mass adoption of digital services in Nigeria is consistent with the growth of the local fintech industry. However, the immense potential of this segment cannot be fully revealed without overcoming a number of the regulatory and financial challenges.

Articles

Opportunities in Mobile Banking and Consumer Segments of Nigeria

Nigeria is one of the most underestimated destinations for global investors. With its young tech-savvy population and a new wave of reforms, Nigeria presents plenty of opportunities in mobile banking, data usage and consumer goods segments.

News

African Fintech Cleva Raises $1.5 Million

Nigerian fintech company Cleva, which specializes in creating a banking platform that allows African businesses and local individuals to access international payments by opening dollar accounts, raised $1.5 million as seed funding.

News

Central Bank of Nigeria Launches Naira-Pegged Stablecoin Pilot

The Central Bank of Nigeria (CBN) approves the Africa Stablecoin Consortium (ASC) to pilot cNGN (a stablecoin pegged to the value of Nigerian Naira) in its innovative Regulatory Sandbox.

News

Nigeria Removes Crypto Restrictions

After almost two years of a comprehensive ban prohibiting local banks from engaging with digital currencies, the Central Bank of Nigeria (CBN) has lifted the given restrictions, allowing lenders to open accounts for crypto firms.

Articles

Most Profitable Business in Nigeria With Low Capital

Becoming your own boss in Nigeria does not necessarily mean splurging, with plenty of low capital business ideas available. If you are considering spending an extra ₦50K – 500K on becoming an entrepreneur, consider these most lucrative businesses in Nigeria.