The latest fintech news and analysis for Nigerian professionals.
Independent · Nigeria
Stripe has agreed to acquire Parafin, an embedded financing platform serving small businesses, in its second acquisition in as many months. The deal signals Stripe's deepening bet on embedded credit — a model that could reshape how Nigerian fintechs like Paystack serve their own small-business customers.
A KPMG and Orange Group Nigeria study shows OPay installed on 69% of smartphones surveyed across 12 major Nigerian cities, significantly ahead of individual traditional bank apps. The data highlights the growing distribution power of fintech platforms.
PalmPay has rolled out NightGuard, a security feature allowing users to set additional verification for transfers between 11 p.m. and 7 a.m. It is a practical product move — but it also reflects a deeper shift in how Nigerian fintechs are approaching fraud, regulation, and user trust.
At ₦525 per share, the Dangote Refinery offer has drawn millions of naira of potential retail money. African energy listings — Sasol, Vivo Energy, Kenya Pipeline, Seplat and Aradel — show why a high-profile IPO is not the same thing as a guaranteed return.
Nigeria's fintech industry is entering a new phase. After a decade of growth driven by payments, wallets, and financial inclusion, attention is shifting toward the infrastructure behind financial services—digital identity, payment rails, open banking, cybersecurity, and AI. The next wave of fintech value may come from the systems that allow the digital economy to operate at scale.
Bolt has recorded a 92% week-on-week increase in driver registrations following Uber's exit from Nigeria on September 2. But the figure measures the rate of increase, not the size of the driver base—and the bigger question is whether more drivers translate into sustainable platform economics.
At the BRICS Summit in New Delhi, President Tinubu delivered a warning that should echo through Nigeria's fintech ecosystem: "A nation that owns no technology risks renting its future." Here is what that means for the builders, investors, and regulators shaping Nigerian fintech.
Latest News
Housing & Proptech
Review
Review
One email each Thursday: fee changes, new licences, and which app quietly got worse.
Subscribe freeNo sponsored placements. Ever.
