FairMoney, a financial service provider, made a significant update to all its savings services, delivering some of the highest interest rates in the Nigerian financial market. This increase underscores FairMoney’s ongoing commitment to providing exceptional value and supporting customers’ financial growth. Given the current high inflation of 32.7% as of September 2024 as released by […]
Read MoreEconomic and Financial Crimes Commission (EFCC), has withdrawn all charges against Tigran Gambaryan, the head of financial crime compliance for the Binance Security and Investigations team. Ekene Iheanacho, a lawyer representing the Economic and Financial Crimes Commission (EFCC), announced his release today at the Federal High Court in Abuja. The EFCC’s lawyer said Gambaryan, a US […]
Read MoreThe Delta State Police Command has issued a stern warning to Point of Sale (POS) operators regarding transactions exceeding ₦500,000. According to SP Bright Edafe, the Public Relations Officer of the Command, such transactions could potentially implicate operators in criminal activities, particularly kidnappings. In a recent statement, SP Edafe highlighted a case where a POS […]
Read MoreIn a significant move to protect investors and uphold market integrity, Nigeria’s Securities and Exchange Commission (SEC) has announced a crackdown on fraudulent activities within the country’s fintech sector. To achieve this, the SEC plans to enforce ‘smart regulations’ across the fintech ecosystem to mitigate fund mismanagement and ensure operators comply with existing laws. Emomotimi […]
Read MoreEcobank, the leading pan-African financial services group, announced Daba Finance, the Ivorian Fintech, as the Grand Winner of its flasghip Ecobank Fintech Challenge 2024. Twelve (12) innovative fintech startups competed to impress the esteemed panel of five judges for the US$50,000 prize. The judges, comprised of renowned industry experts, evaluated the finalists based on criteria such as innovation, […]
Read MoreSince the onset of the COVID-19 pandemic, Africa’s fintech industry has experienced remarkable growth, characterized by rapid expansion, increased investment, and a significant shift toward digital financial services. The surge in fintech and mobile money adoption has provided financial inclusion to the unbanked population, as nearly half of the continent’s 1.4 billion people still lack […]
Read MoreDue Network has unveiled an significant expansion of its services tailored to the Nigerian market, following a successful launch of its global borderless payment platform, This expansion builds upon Due Network’s existing capabilities, introducing new features while reinforcing its commitment to improving global financial access for Nigerian businesses and individuals. The new services include embedded […]
Read MoreNigeria’s leading fintech giant, Flutterwave, has appointed an Indian, Mitesh Popat as its new chief financial officer (CFO), the company said in a statement. Chief Executive Officer and Founder of Flutterwave,Olugbenga Agboola, said Popat’s 20-year career will allow him to make strategic financial decisions that coincide with the company’s expansion drive on the continent. According […]
Read MoreThe Securities and Exchange Commission (SEC) on Thursday granted “Approval-in-Principle” for two Digital Assets Exchanges to commence operation under its Accelerated Regulatory Incubation Programme (ARIP). The commission said the move would deepen the capital market while guaranteeing the protection of investors. Five firms were also admitted to test their models and technology under the SEC’s […]
Read MoreUntil the Nigerian Government takes drastic steps to tackle the complex and contradictory regulations that stifle innovation, significant of innovation for sustainable development in Nigeria will remains in doldrum notwithstanding the evidences that the innovation ecosystem is driven primarily by young population, who are increasingly tech-savvy and entrepreneurial. This sad state of the nation’s innovative […]
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