Introduction Many Nigerian fintech companies are calling for a dedicated growth fund or credit guarantee facility to help unlock much-needed capital for expansion. They argue that the slowdown in venture funding and macroeconomic pressures have made it harder to raise long-term capital locally and internationally. However, the Central Bank of Nigeria (CBN) has made clear that direct venture-style financing is not its role — though it says it can play a convening role to bring investors and development partners together. Why Fintech Want a Growth Fund Access to capital remains a major constraint on fintech growth in Nigeria, according to…
Author: FinTech Today
Introduction The 2025 NECO (National Examinations Council) results are out, and millions of Nigerian students are eager to access their scores. Whether you’re a student, parent, or guardian, knowing the official and safest way to check results is essential. At FintechTodayNews.com, we break down the approved methods for checking NECO results in simple steps so you can get your outcome quickly and securely without confusion. What You Need Before Checking Your Results Before you begin, make sure you have: Your Examination Number (usually 10 digits) Your Year of Examination (2025) Your Type of Examination (School Candidate or Private Candidate) Having…
Introduction In the span of just two years, Nigeria’s fintech giant Moniepoint has evolved from a dominant point-of-sale (PoS) payments player into a full-stack financial ecosystem that deeply embeds itself into the daily operations of millions of businesses. What started as a strong PoS distribution network has become a comprehensive platform where payments, credit, banking, business management, and merchant tools all converge — creating powerful lock-in effects for its user base. This transformation reflects a broader shift in African fintech: platforms built for scale now compete on depth of engagement and dependency, not just transaction volume. From Backend to Core…
Introduction Nigeria’s mobile network coverage along major highways is improving, but significant connectivity gaps remain particularly in northern border regions and feeder routes. A new report by Ookla Advanced Analytics Services (AAS) provides a detailed look at mobile signal availability and quality across Nigeria’s vast road network, highlighting both progress and persistent challenges for travelers, logistics operators, and road users. At FintechTodayNews.com, we break down what the findings mean for connectivity, safety, and digital services on Nigerian roads. Scope of the Analysis The Ookla analysis covered approximately 292,000 kilometers of Nigeria’s road network, including: Primary roads Secondary roads Trunk (interstate)…
Introduction MTN Mobile Money Zambia has launched a new international remittance service, allowing customers to send money directly from their MoMo wallets to bank accounts across the European Union, the United Kingdom, and Canada. With transfer fees starting from as low as K5, the move positions MTN MoMo as the most affordable international money transfer option currently available in Zambia, while also making it the first mobile money provider in the country to offer direct wallet-to-bank international transfers to these regions. What the New MTN MoMo Service Offers The new service enables customers to: Send money directly from MoMo wallets…
Introduction Safaricom Ethiopia has crossed a major milestone, surpassing 12 million active users, as its mobile money service M-PESA gains traction in one of Africa’s fastest-growing telecom and fintech markets. The achievement signals growing acceptance of digital payments in Ethiopia, a country that only recently opened its telecom sector to private competition. At FintechTodayNews.com, we examine what’s driving Safaricom Ethiopia’s growth, how M-PESA is expanding, and why this matters for Africa’s fintech landscape. Safaricom Ethiopia’s Growth Story Safaricom entered Ethiopia in 2022 after securing a telecom license as part of the country’s market liberalization efforts. Since launch, the company has…
Introduction Nigeria’s digital identity and payments infrastructure is quietly expanding — and Chams Plc is one of the companies benefiting most from the shift. The identity management and smart card solutions provider recorded 17.9% growth in 2025, supported by a $4.26 million increase in demand for SIM cards and bank cards. At FintechTodayNews.com, we explain why this growth matters, what is driving it, and how it fits into Nigeria’s broader fintech and regulatory landscape. What Drove Chams’ 17.9% Growth? Chams’ performance in 2025 was largely powered by infrastructure demand, not consumer fintech apps. Key drivers include: Increased SIM card issuance…