The Street Economy
Nigeria’s digital economy is often measured through fintech valuations, mobile subscriptions, electronic payments and broadband investment. But beneath those headline ...
Tag: NIBSS
Why Cash Is Refusing to Die in Nigeria’s Digital Economy
The latest data show a country moving towards electronic payments without abandoning physical money. Cash outside the banking system fell ...
Nigeria’s Rural Banking Lifeline Faces a New Last-Mile Test
For years, the Point-of-Sale (POS) agent under the mango tree has been the bank branch that never had to be ...
CBN Pushes POS Geo-Fencing Deadline to August as Agents Cry Foul Over Exclusivity Rules
The Central Bank of Nigeria has given point-of-sale operators and their financial institution partners extra runway to comply with its ...
Nigeria’s fintech boom reshapes banking as digital payments accelerate
Nigeria's financial services industry is evolving rapidly as fintech companies expand their footprint in digital payments, retail banking and small ...
CBN Inaugurates Payments Service Providers Committee as Digital Transactions Surpass N1 Quadrillion
The Central Bank of Nigeria has inaugurated a Payments Service Providers Committee (PSPC) as digital transactions in the country surged ...
Infrastructure Paradox: Nigeria’s 11 Billion Transactions Face 26% Exclusion Crisis
The Central Bank of Nigeria’s (CBN) recent Fintech Policy Insight Report presents a striking paradox: a payments system that processes ...
Lotus Bank Seeks ₦1.13 Billion Refund After Software Glitch
Lotus Bank Limited has instituted a major lawsuit against 45 banks across Nigeria, including leading commercial institutions and prominent financial ...
Lotus Bank Drags 45 Nigerian Banks to Court Over N1.13 Billion Lost in System Glitch: Faulty E-Bills Platform Triggers Massive Fund Transfers
Lotus Bank Limited has filed a lawsuit against 45 banks in Nigeria over a financial loss of N1,133,808,604.31, which it ...
KongaPay Surpasses 100,000 Users, Celebrates by Rewarding Its Community
KongaPay, the financial‑tech arm of Nigeria’s leading e‑commerce brand Konga, has officially crossed the 100,000 active user mark: a milestone ...
