₦203 billion bad loans: Unity Bank’s crisis deepened amid Providus merger, job cuts

Unity Bank's financial woes stem from a loan portfolio heavily concentrated in the agriculture sector, accounting for 91% of its lending

SANEF taps ex-Diamond Bank executive Uzoebo as CEO to drive financial inclusion

Uzoebo is the second female to hold the top position in a row.

Access Bank faces customer outcry after core system upgrade disrupts services

"Yesterday after service, I was typically stranded due to a bank’s negligence," one of the customers told Condia on Monday.

Access Bank embarks on second major core banking upgrade, in five years, starting today

The upgrade is crucial for managing the data of Access Bank’s more than 60 million customers across 23 countries

How to de-risk your investments as an angel investor

When Paystack exited to Stripe, some Angel investors confessed to making nearly 20x on their investment. Yet, a single mistake in their investment process could have wiped out any potential gain.

Nigerian Banks lose ₦472m to POS and mobile fraud in Q1

According to NDIC, the number of POS and mobile fraud cases increased by 19.51% in the first quarter of 2023. This is likely due to the growing popularity of these payment methods in Nigeria.

Why African millennials and Gen Z invest in US stocks despite the bear market

Despite the downturn in the US economy, a 2022 report by Bamboo revealed why Nigerian retail investors have continued to invest in stocks in the bear market.

Why African fintechs’ revenue might reach $230 billion by 2025

An analysis by McKinsey estimates that Africa’s financial-services market could grow at about 10% per annum, reaching about $230 billion in revenues by 2025.

Nigerian fintechs to block predatory digital money lenders

The Federal Competition and Consumer Protection Commission (FCCPC) has ordered all financial technology companies (FinTechs) to stop providing payment or transaction services to digital money lenders under its investigation.

Curb your enthusiasm: payment service banks and financial inclusion in Nigeria

Can payment service banks help Nigeria achieve its financial inclusion target of 95% by 2024?

Predatory lending in Nigeria—what is the way forward?

Predatory lenders employ deceptive and aggressive sale tactics to attract unsuspecting borrowers into taking loans they cannot afford.

An explainer on the ₦5 billion Financial Services Licence gang and more

Financial Services in Nigeria is changing right before our very eyes. And sometimes it could be overwhelming. In this article, Benjamin discusses the most recently released license regulations—Payment Service Banks and an update to the Payment System Providers Licence..