FCCPC's 7 Rules Reshape Nigeria's Digital Lending Industry
Nigeria's FCCPC has implemented strict new regulations for digital lenders, banning harassment, strengthening data privacy, and imposing heavy penalties for violations to protect consumers.
Nigeria's FCCPC has implemented strict new regulations for digital lenders, banning harassment, strengthening data privacy, and imposing heavy penalties for violations to protect consumers.
Keepaza, a new Nigerian platform, provides users with a single secure link for all payment details, including bank accounts and crypto wallets, to streamline transactions and enhance professionalism.
Flutterwave, Africa's leading payments technology firm, has detailed a strategic roadmap to build a sustainable digital economy across the continent, focusing on cross-border infrastructure, fintech integration, and investment mobilization.
Lagos-based fintech platform Platnova celebrates three years of operation with over 100,000 users across 50+ countries, zero transfer fees, and multi-currency infrastructure.
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RecommendedJude Dike, CEO of GetEquity, is revolutionizing Nigeria's investment landscape through tech-driven financial inclusion, strategic pivots to commercial papers, and robust risk management.
A Lagos tech innovator, Akindele Liasu, has launched Keepaza, a platform that provides a secure link for sharing payment details, eliminating the need to share sensitive bank information on WhatsApp and other insecure channels.
Accrue Virtual Dollar Card addresses payment challenges for Africans on international websites, offering a secure, convenient solution for online shopping, subscriptions, and digital services.
A Federal High Court in Lagos has issued an interim injunction against the FCCPC, preventing enforcement of key parts of its 2025 digital lending regulations pending a substantive hearing, following a challenge by WASPA Nigeria.
Flutterwave has obtained a Nigerian banking license, marking a strategic shift where fintech companies are moving from relying on traditional banks to operating directly within the regulated financial system to enhance control and efficiency.
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RecommendedAfrican leaders call for innovative financing to overcome barriers in digital infrastructure, AI, and innovation, aiming to boost productivity and job creation across the continent.
The Nigerian government is investigating digital loan operators known as 'sharp sharp' lenders for allegedly accessing borrowers' contacts and sending messages without consent. Multiple regulatory bodies are involved in oversight.
OPay has been honored as Nigeria's most trusted digital financial company at the 2026 ISO World Corporate Brand of the Year Awards, recognizing its strong reputation and role in enhancing financial services across the nation.
Piggyvest, a leading savings and investment platform, has disbursed over N3 trillion to its users since 2016, now serving over six million customers. The milestone was announced at its 10th anniversary event in Lagos, highlighting rapid growth and user di
The Obi of Onitsha, Nnaemeka Achebe, has endorsed Flutterwave's expansion in Nigeria's Southeast, emphasizing fintech's role in boosting commerce, youth empowerment, and financial inclusion through digital innovation.
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RecommendedThe Obi of Onitsha, HRH Nnaemeka Achebe, has strongly endorsed financial technology expansion in Southeast Nigeria after a high-level meeting with Flutterwave CEO Olugbenga Agboola, emphasizing digital innovation's role in boosting commerce and youth entr
Digital platforms are accelerating real-time payments in Nigeria, transforming expectations for speed, access, and trust in the financial sector, with instant transactions becoming the new baseline.
The Central Bank of Nigeria's AML/CFT/CPF supervision pilot for selected virtual asset service providers represents a pivotal move from avoidance to controlled engagement, impacting financial markets and compliance.
Flutterwave has obtained a banking licence from the Central Bank of Nigeria, enabling it to expand beyond payments. The fintech firm has processed over $40 billion in transactions in a decade, highlighting Africa's rapid digital payment growth.
CapitalSage Technology Group, a leading fintech firm, has launched a new board to strengthen governance as it expands its financial services across Africa and international markets, aiming to accelerate growth and enhance oversight.
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RecommendedFlutterwave, Africa's leading payments technology company, has obtained a Nigerian banking license, enabling it to hold funds directly and streamline financial services for millions of users and businesses.
Paris-based Kulipa has raised $6.2 million in seed funding to expand its stablecoin-native card issuing platform across Africa, Europe, and Latin America, enabling fintechs to convert stablecoins into real-world spending tools.
Flutterwave, Africa's top payments tech firm, has obtained a Nigerian banking license, enabling it to hold deposits and streamline financial services for consumers and businesses, enhancing operational control and innovation.
Flutterwave, Africa's leading payments technology company, has secured a Nigerian banking license, enabling it to hold funds directly and streamline financial services for consumers and businesses.
Paris-based Kulipa raises $6.2 million in seed funding to expand its stablecoin payment card infrastructure across Africa, Europe, and Latin America, enabling fintechs to convert stablecoins into real-world spending tools.
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RecommendedGhana becomes Africa's first nation to integrate payment functionality into its national identity card, aiming to strengthen domestic financial infrastructure and reduce reliance on international payment networks like Visa and Mastercard.
Moniepoint Inc. has announced applications for its sixth Women in Tech internship, aiming to bridge gender gaps in Nigeria's tech sector with roles in high-demand fields like engineering and cybersecurity.
Women across West Africa are playing pivotal roles in transforming digital payments systems, enhancing financial inclusion, and supporting economic growth through strategic leadership in fintech and banking sectors.
FinTribe hosted a virtual training for over 5,000 women on International Women's Day 2026, focusing on mutual funds and investment strategies to reduce the gender wealth gap in Nigeria.
FinTribe held a virtual training for over 5,000 women on mutual funds and investment strategies to address low female participation in Nigeria's capital markets, aligning with IWD 2026 themes.
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RecommendedGlobal mobile money transactions surged to over $2 trillion in 2025, doubling from $1 trillion in just four years, with Sub-Saharan Africa leading in new accounts, according to GSMA's latest report.