Nigeria’s fintech regulators seen as neutral referees, not roadblocks, new CBN report finds
Half of fintech stakeholders view the regulatory landscape as supportive, while the other half see it as restrictive. Ambiguity in regulatory guidelines and prolonged approval timelines are the most significant challenges faced by fintechs.
Faced with a failing currency, this Nigerian startup found a global market for IT equipment
Francis Osifo faced challenges in sourcing a laptop for an employee in Kenya while at 54gene, leading to a two-month customs delay. After leaving 54gene, Osifo founded Rayda to provide visibility into asset management for businesses.
Nigeria nets ₦84.97 billion in six months after extending transfer levy to fintechs
Kemi Michael learned to avoid extra charges by sending ₦9,500 instead of ₦10,000 to her PoS agent. The EMTL increased government revenue by ₦84.97 billion after being extended to fintechs in December 2024.
Nigeria Central Bank Rolls Out New Digital Platform to Unlock $1B Monthly Remittances
CBN launched the NRBVN platform to help Nigerians abroad obtain BVNs remotely. The initiative aims to boost monthly diaspora remittances to $1 billion.
A timeline of Binance's troubles in Nigeria
February 20, 2024: Binance suspends peer-to-peer activities February 21, 2024: Binance website blocked in Nigeria
