Digital asset exchanges and custodians operating in Nigeria will require a minimum capital of N2bn ($1.41m) under a proposed regulatory framework aimed at tightening oversight of the crypto industry. The draft rules issued by Nigeria’s Securities and Exchange Commission (SEC) prescribe a N30m ($21,200) registration fee and set a minimum capital of N500m ($353,000) for […]
Read MoreAs more Nigerians adopt digital financial services, fraudsters are also finding new ways to target unsuspecting users. Nigeria has recorded more than 24.1 million compromised online accounts since 2004, with hundreds of thousands of additional cases reported in early 2026. While these figures are not limited to financial accounts, they highlight the growing exposure of […]
Read MoreFor many women, financial independence means the freedom to provide for their families and build a better future. Yet, this remains out of reach due to limited access to opportunities, business support, and secure payment solutions. Like millions of women in Nigeria determined to be financially independent, Pricillia started with a single PalmPay POS terminal, […]
Read MoreNigeria needs to increase investment in digital infrastructure, cybersecurity and financial inclusion, warning that Nigeria’s growing digital economy will remain out of reach for millions unless the country’s widening digital divide is addressed. According to financial technology, Remita despite projections that Nigeria’s digital economy could reach $18.3 billion by the end of the year, millions […]
Read MoreChinese digital asset infrastructure provider Cregis has unveiled plans to deepen its footprint in Africa, identifying Nigeria, Kenya and South Africa as key markets in its latest international expansion strategy. The company said the move follows the onboarding of enterprise clients across the continent and reflects growing demand for secure digital asset infrastructure as Africa’s fintech […]
Read MoreThe total value of POS transactions across payment card terminals expected to grow from $30 trillion in 2026 to $41 trillion in 2031; at a compounded annual growth rate of 6.4%. This growth is driven by the accelerating convergence of in-store, online, and mobile sales onto unified commerce platforms, as merchants retire standalone, static terminals […]
Read MoreThe Central Bank of Nigeria (CBN) has launched a digital platform to track foreign exchange purchases by Bureau de Change (BDC) operators, strengthening oversight of the retail forex market and improving transparency. The framework, announced in a 15 July circular signed by Aderinola Shonekan, director of the CBN’s Trade and Exchange Department, requires all licensed BDCs […]
Read MorePaystack, one of Africa’s leading payments technology companies, has launched the Paystack Small Business Program to support Nigerian small businesses through a range of initiatives designed to help them grow, connect with relevant opportunities, and access funding for their next stage of growth. The program will support businesses as they start, manage and grow their […]
Read MoreFlutterwave has entered a strategic partnership with blockchain network Tempo to expand its stablecoin-based payment and settlement infrastructure across Africa. The collaboration will see Tempo integrated into Flutterwave’s Send App and Flutterwave for Business platforms, with the aim of improving cross-border payment efficiency for individuals and businesses. The partnership targets longstanding challenges in international money […]
Read MoreThe value of cross-border payments will reach $62.9 trillion by 2030 globally; up from $50.8 trillion in 2026 according report from global tech strategists Juniper Research. . This impressive 24% growth is being driven by: Rapid expansion of brands offering cross-border eCommerce Sustained robust growth within B2B payments Improved cross-border payment infrastructure The research identified that […]
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