Category: FINTECH

One of Nigeria’s foremost agent banking platforms, ‘The BaxiBox’, has kicked off a rave of campaign with the aim of creating national awareness for its multiple financial services across the country. BaxiBox is the financial platform arm of Capricorn Digital Limited. Speaking during the formal launch of the campaign, the Managing Director of Capricorn Digital Limited, Degbola…

The Central Bank of Nigeria’s plan to create 500,000 agency banking networks nationwide, and to bring in 40 million Nigerians into the formal financial service by  year 2020 is gaining momentum. CHIMA AKWAJA looks at this development. Nigeria’s journey towards financial inclusion started after the federal government through the Central Bank of Nigeria (CBN) adopted…

The Edo State Governor, Mr. Godwin Obaseki has called for adoption of smart Information and Communication Technology (ICT) tools and solutions as an alternative to oil in diversifying the Nigerian economy, warning that the country will not develop if the bulk of the country’s savings is still tied to buying foreign exchange for importation. The…

Nigerian digital payments startup Paga has acquired Apposit, a software development company based in Ethiopia, for an undisclosed amount. That’s just part of Paga’s  news. The Lagos based startup will also launch its payment products in Mexico this year and in Ethiopia imminently, CEO Tayo Oviosu told TechCrunch The moves come a little over a year after Paga raised a $10 million Series…

John Obaro There are parts of Nigeria so disconnected from the reality that we have come to know and live, that one could be forgiven for believing those places existed in a different century. In the Atlantika Hills of Adamawa State, it is said that the Koma people still rub sticks together to generate fire…

ccording to a 2019 Annual Investment Report on Africa’s tech startup ecosystem by WeeTracker, Nigerian tech startups got 50 percent of Africa’s venture fund in 2019. That translates to as much as $663.24 million out of the overall $1.34 billion raised in funding in the whole of Africa. It was also projected that in 2020, the country may possibly retain…

Key Players Championing Digital Skills in the E-commerce Industry Austin Ayaosi Since the advent of electronic commerce (otherwise referred to as e-commerce) in Nigeria in 2012, one can safely say that there has been a steady growth trajectory in that sector overtime. Nigeria’s Experience For a sector largely driven by innovation within the financial system…

At a time when technology is disrupting the global financial services industry, Nigeria has not been left out of the change. Although a cash-based economy, Nigeria’s financial system has been receptive to the new transformations in the financial system, especially the introduction of technology. Nigeria’s fintech landscape consists of 210-250 fintech companies, key stakeholders (banks, telecom companies, and…

The journey to the Payments System Vision 2020 (PSV 2020) started in 2007 with the objective of making the Nigeria Payments System internationally recognised and nationally utilised. The phased implementation of the vision and other developments in the financial space including the pursuit of the Financial System Stability Vision 2020 (FSS 2020) has stimulated an…