The Federal Government of Nigeria has opened a $110 million iDICE debt financing window for Nigerian technology and creative businesses, giving eligible startups access to structured funding to expand operations, acquire productive assets, and reach new markets. The financing is being delivered through two facilities launched by the Bank of Industry (BOI), the implementing agency
FCMB Group has reported a strong first-half performance for 2026, with one figure standing out beyond its near doubling of profits. The financial services group generated ₦89.1 billion in digital revenue in the first six months of the year highlighting the growing role of its payments, lending, and wealth businesses as it posted a 99%
When OPay launched its National Innovation Challenge earlier this year, it was not just looking for ideas. It was searching for the next generation of builders who could help shape Nigeria’s digital economy. After receiving more than 2,200 applications from over 11,000 undergraduate students across Nigeria, the fintech company has selected the top 48 teams
For years, LemFi built its reputation by helping migrants move money across borders. Now, the fintech is making a much bigger play for customers’ financial lives. The company has secured approval from the UK’s Financial Conduct Authority (FCA) to acquire investment platform Wealth8, a move that takes LemFi beyond remittances and deeper into wealth management,
Digital payments are no longer just about sending money. In Nigeria, they are becoming part of the infrastructure powering commerce, supporting businesses, expanding access to financial services, and connecting millions of people to the formal economy. As the Central Bank of Nigeria pushes ahead with its Payment System Vision 2028, companies such as OPay are
Remittances are becoming a major battleground in global fintech, and a growing number of Nigerians in the United Kingdom are now turning to SendOva for better exchange rates and zero transfer fees when sending money home. SendOva, the trading name of Balazoo Express, is licensed by the Financial Conduct Authority. The app is built around
Nigeria’s fuel stations may be on the verge of becoming one of the country’s most unexpected fintech growth opportunities. As digital payments continue to reshape how Nigerians transact, a new transformation is emerging beyond banking apps and ecommerce platforms, one that could redefine how fuel stations operate and generate value. At the NNPC Retail Business
Flutterwave promotes 25 percent of its workforce as the African fintech giant doubles down on talent retention, signaling a new phase of competition for skilled workers across the continent’s financial technology sector. The Nigerian payments company Flutterwave, which recently acquired a microfinance banking licence in April, has promoted over 100 employees globally and rolled out
Remittance apps are quietly replacing traditional banks for Africans abroad, and the shift is being driven by one thing: frustration. For millions of Africans living in Europe and the UK, sending money home is no longer just about transfers. It is about speed, trust, transparency, and survival. Families across Nigeria, Kenya, and Ghana depend on
Nine years after launching from a single-room apartment, Jeroid has crossed a major milestone, processing more than $1 billion in transaction volume while serving over 500,000 users across Nigeria and beyond. The achievement comes as the crypto and digital finance company marks its ninth anniversary, highlighting how a platform that started as a crypto and