Temitayo Jaiyeola

PawaPay has processed three billion mobile money transactions across Africa, reaching its latest billion in under nine months.

In a circular issued on Monday, the regulator disclosed that any licenced financial institution that controls more than 25% of the consumer-issuing

After helping millions of Africans buy smartphones on credit, M-KOPA is using repayment data to build a fast-growing lending business.

An analysis of four major Nigerian banks shows they lent corporates more than ₦10 for every ₦1 given to retail customers

Beltone spent $227 million to acquire Baobab in February. By the end of Q1 2026, it was already generating 53% of the group's revenue.

Retail stock trading in Nigeria rose 138.76% in the first five months of 2026 as mobile investing apps brought more investors to the NGX.

Paystack, Flutterwave, Sycamore and others are using MFB licences to move into banking, but strict CBN rules limit how they can grow.

Sycamore says the CBN's revocation of its MFB licence stems from legacy issues tied to an acquired bank, as the regulator revokes 47 MFBs.

GTCO's HabariPay plans to deploy 200,000 PoS terminals as Nigeria's banks adopt the merchant-first strategy pioneered by fintechs.

Nombank is rejecting instant lending. Instead, the Nigerian fintech uses payment data and physical verification to keep bad loans below 1%.