Unlocking Growth with Affordable Credit A tailor dreams of expanding her shop, but high loan rates hold her back. Banks and fintechs offer low-cost loans to help small businesses thrive without heavy debt. These options fuel growth for SMEs across various...
A Quick Dial to Financial Freedom Picture a trader in Balogun Market, rushing to pay a supplier but stuck without internet. UBA’s USSD code *919# lets her transfer money instantly using a basic phone, no app needed. This simple tool is...
A Path to Financial Stability From teachers in Enugu to nurses in Abuja, face financial pressures in a tough economy. Cooperative societies offer a way to save and borrow affordably, building security. These groups empower workers to achieve their goals. This...
Fueling Small Business Success Small and medium enterprises (SMEs) in Nigeria, from tech startups in Yaba to textile traders in Aba, drive economic growth. Access to affordable loans is critical for their expansion, but high interest rates pose challenges. Banks and...
Planning for Children’s Education Nigerian parents, from civil servants in Abuja to traders in Enugu, face rising school fees in a tough economy. Banking options like savings accounts and investment plans help them secure funds for their children’s education. These tools...
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...
In Nigeria, where millions juggle daily transactions from bustling markets in Lagos to quiet farms in Sokoto, USSD codes have become a game-changer for banking. These short codes, dialed on any mobile phone, allow Nigerians to check balances, transfer money, or...
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,...
Africa’s mobile money revolution is changing lives, bringing financial services to millions who lack bank accounts, especially in Nigeria. With nearly half of Nigerian adults unbanked, platforms like OPay and Paga are making it possible to pay bills, save, and access...
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...