Tag: Fintechs

Business

African fintechs must evolve into institutions — Experts

Experts in Africa’s financial technology ecosystem have said fintech companies have not “lost the plot” but must evolve into stronger, better-governed institutions capable of attracting long-term investment and sustaining financial inclusion. Vanguard reported that they spoke on Saturday during a panel session on “Have Fintechs Lost the Plot?” at the Africa Technology Expo held in […]

Policy and Regulations

CBN orders banks, fintechs to store data locally

The Central Bank of Nigeria has directed banks, fintech firms, mobile money operators and other payment service providers to store all payment transaction data generated within Nigeria on local servers, as part of a broader regulatory push to strengthen oversight, improve transparency and reduce concentration risks in the country’s fast-growing digital payments ecosystem. The directive […]

Opay, Piggyvest, others rank among CNBC's world's top 300 fintechs
Business

Regulators, banks, fintechs to tackle digital commerce trends 

Regulators, banks, and fintech operators will gather at the third edition of the Payments Forum Nigeria to explore emerging trends in digital commerce, including the growing impact of artificial intelligence and financial inclusion on Nigeria’s payments ecosystem. Scheduled for Friday, 24 April 2026 at the Oriental Hotel, PAFON 3.0 is expected to host over 600 […]

Analysts fear new interest rate may increase non-performing loans
Business

Weak loan recovery system driving rising defaults – Lenders

Microfinance banks, fintech firms and digital lenders say weaknesses in Nigeria’s loan recovery framework are driving rising defaults, six years after the Central Bank of Nigeria introduced the Global Standing Instruction. Unlike commercial banks, which can recover unpaid loans by debiting funds from a borrower’s accounts across the banking system, other lenders are excluded from […]