A New Wave of Banking Nigeria’s youth, from students in Ibadan to tech entrepreneurs in Lagos, are driving a shift toward digital-only banks. Platforms like Kuda and VFD Bank offer low-fee, flexible banking via apps, appealing to a tech-savvy generation. These...
A Shift for Informal Traders Nigeria’s informal economy, from market stalls in Kano to roadside vendors in Lagos, thrives on cash. The Central Bank of Nigeria’s (CBN) cashless policy pushes digital transactions, aiming to modernize this sector. For traders, this shift...
New Era for Market Transactions Nigerian traders, from bustling markets in Onitsha to small shops in Kano, are embracing mobile banking apps to streamline their businesses. Apps like OPay and Kuda offer fast, affordable ways to manage payments, savings, and loans...
Nigeria’s rural farmers, from yam growers in Benue to cattle herders in Sokoto, are the backbone of the nation’s food supply. Yet, many lack access to traditional banks, hindering their ability to grow crops or expand livestock. Microfinance banks step in,...
Cross-border payments, vital for Nigeria’s traders, migrant workers, and small businesses, have long been costly and slow. Blockchain technology is changing this, offering a faster, cheaper way to send money across borders. For Nigerians sending remittances or trading with African neighbors,...
In 2025, Nigeria’s banking sector is at a crossroads, with mergers and acquisitions (M&As) reshaping the industry. With 21 commercial banks operating in a dynamic economy, consolidation is a key strategy for banks to meet new capital requirements, boost competitiveness, and...