A digital bank in Nigeria that offers banking services with no fees and a focus on mobile accessibility.
Which savings app offers the best interest rates in Nigeria in 2025?
Piggyvest offers a Safelock fixed savings plan with interest rates between 14% to 20% depending on the duration. Cowrywise provides community-driven savings plans with interest rates ranging from 13.27% to 13.85% for various life goals.
MTN remittance flows hit $3.4 billion, signalling new phase in Africa’s fintech race
MTN Group processed $3.4 billion in remittances in the first nine months of 2025, a 13% increase from the previous year. The surge in remittances is attributed to direct partnerships with top money transfer operators and joint marketing campaigns.
Top 7 digital banks in Nigeria
Over 3.9 billion digital banking users are projected globally by 2025. 82% of Nigerian banking customers aged 18-34 rely on mobile banking.
The best interest rates from Nigerian digital banks (2025)
8 in 10 Nigerians still keep their savings in traditional banks, where rates are low. Kuda offers a fixed deposit interest rate of 15% per annum with a minimum deposit of ₦5,000.
20 fintech companies in Nigeria you should know
Paystack, acquired by Stripe in 2020 for $200 million, simplifies online payments for African businesses. Flutterwave, valued at over $3 billion, facilitates cross-border payments across Africa and beyond.
