central bank of nigeria

Nigeria’s Paylater lending app is converting to a full-service digital bank

Nigeria’s Paylater lending app is converting to a full-service digital bank

Since launching in 2016, the Paylater mobile app has been downloaded by over 1 million users and disbursed loans over 13 billion naira ($36 million)
Nigeria’s Central Bank could hamstring local fintech startups with costly new regulation

Nigeria’s Central Bank could hamstring local fintech startups with costly new regulation

New regulation requirements by the Central Bank of Nigeria (CBN) could make it difficult for some fintech companies to operate. In a draft policy document,…
Bitcoin is booming in Nigeria as both business users and speculators rush in

Bitcoin is booming in Nigeria as both business users and speculators rush in

In July 2016, Manasseh Egedegbe, an Abuja-based investment manager, was caught in the cross hairs of Nigeria’s dollar crunch and had some difficulties making an…