Tag: Nigeria

Nigerian small business lender Lidya has picked up $1.25m in a seed funding round led by Accion Venture Lab. Read more: www.fintechroundup.com

Retail banking and fund transfers in Nigeria are the two biggest areas that are most likely to be affected by FinTech over the next five years. Read more: www.cryptocoinsnews.com

Nigeria’s capital market regulator, the Securities and Exchange Commission is advising investors to be wary of investment schemes and companies soliciting investment via cryptocurrencies. Read more: www.cryptocoinsnews.com

Nigeria’s Central Bank (CBN) launched its Cash-less Nigeria project to reduce the amount of physical cash circulating in the economy. Read more: www.qz.com

Nigeria is set to become Africa’s FinTech hub after experiencing a boost in mobile money operations last year. Read more: www.cryptocoinsnews.com

An increasing reliance on mobile payment technology is helping propagate start ups and investment in Nigeria. Read more: www.www.financemagnates.com

Nigerian startup Paystack has picked up $1.3m in a new round of seed funding from local and international investors. Read more: www.fintechroundup.com

The creation of SunTrust reflects a new path in FinTech sector; it’s expected that more startups would be created to drive financial inclusion in Nigeria. Read more: venturesafrica.com

Visa says it is in "advanced discussions" with leading Nigerian banks over the launch of its QR-code based mobile payment service mVis. Read more: www.finextra.com

The latest entrant to commercial banking in Nigeria, SunTrust Bank Nig. Ltd yesterday vowed to provide cutting edge banking services to its customers around the world. Read more: www.financialwatchngr.com