CBN Unveils Fintech Report, Highlights Explosive Growth and Regulatory Gaps
The Central Bank of Nigeria (CBN) has launched its Fintech Report, offering a detailed snapshot of Nigeria’s rapidly expanding digital finance ecosystem, while flagging key regulatory and infrastructure gaps that could shape the sector’s next phase of growth. Released on Monday, the report draws from stakeholder surveys, closed-door workshops, and industry roundtables involving fintech operators […]
Payaza Integrates Google Pay and Apple Pay to Target Africa’s $95bn Diaspora Remittance Market
Nigerian fintech Payaza has added Google Pay and Apple Pay to its platform, enabling merchants across 21 African countries to accept payments from diaspora users worldwide.
Nigerian Software Developers Generate Over $1 Million in App Sales — NOTAP
Nigerian software developers have generated more than $1 million in sales from locally built applications, driven by intellectual property protection and market access initiatives by NOTAP.
MultiChoice Introduces Subscription Splitting for DStv Users to Cut Monthly Costs
MultiChoice has launched a shared payment feature on the MyDStv app, allowing subscribers to split monthly DStv subscription costs with another person as competition from streaming platforms intensifies.
Amazon to Cut 16,000 Jobs Globally as AI Reshapes Workforce Strategy
Amazon has announced 16,000 new job cuts across AWS, retail, Prime Video, and HR as part of a broader 30,000-role reduction driven by AI adoption and post-pandemic restructuring.
Trove Finance Acquires UCML Securities, Becomes SEC-Licensed Broker in Nigeria
Nigerian fintech Trove Finance acquires UCML Securities, rebranding it as Innova Securities and becoming a fully SEC-licensed broker, signalling a major step in platform integration and innovation.
MTN Appoints Shoyinka Shodunke as Head of IT Core Design and Delivery
MTN Group has appointed Shoyinka Shodunke as Executive: IT Core Design and Delivery, effective March 1, 2026, to drive AI-enabled IT transformation across Africa.
Paystack Terminates Fansted: What It Means for African Startups
Paystack has permanently terminated Fansted, citing a “heightened risk profile.” The move highlights the compliance challenges startups face and the importance of provider-agnostic payment systems.
GTCO Raises N10bn via Private Placement, Issues 125 Million Shares
GTCO has raised N10 billion through a fully subscribed private placement of 125 million shares at N80 each, following approvals from the CBN and SEC.
Unity Bank Launches Unifi 2.3 Mobile App Update With Enhanced Security and Payments
Unity Bank updates its Unifi mobile banking app to version 2.3, introducing stronger security features, improved QR payments, and faster bill payments for Android and iOS users.
