A leading financial institution in Nigeria that supports startups through grant competitions.
From victim to innovator: How this Nigerian founder recovered from a $1,000 failed product to build an AI tool for acing exams
Richard Eradiri raised $1,000 for a product idea but faced a setback when the developer mismanaged the funds. He self-taught coding after his initial experience and secured an internship post-graduation in 2020.
NIBSS bets on QR codes as a cash alternative for small-value payments
NIBSS has improved the speed of QR code payments by eliminating separate fee queries and enhancing security. NIBSS partnered with the Lagos State government to test QR code bill payments, achieving 750,000 transactions in the first week.
NIBSS joins Zone’s blockchain payment network to include PoS standardisation functions on the blockchain
Zone has partnered with NIBSS to add PTSA functions to its blockchain payment infrastructure. The partnership will improve interoperability across the PoS payment value chain.
Shifting Tides: Nigerian Banks Embrace Local Card Schemes Amidst Changing Consumer Behav
Banks in Nigeria are adopting local card schemes like Verve, moving away from international giants such as Visa and Mastercard. The pandemic has reduced reliance on card payments, leading to the popularity of bank transfers.
UBA to raise fresh capital through sale of 10.8 billion ordinary shares
UBA plans to raise fresh capital by selling 10.8 billion new ordinary shares. The bank will prioritize existing investors in the planned share sale.
