How Moniepoint, Kuda, PalmPay, and Others Transformed Nigeria’s Fintech Landscape in 2025 By FintechTodayNews Fintech News Africa | Latest Fintech News | The Fintech Times | FinTech Global | Fintech News Africa Nigeria’s fintech ecosystem reached a defining moment in 2025, as digital banks, payment platforms, and agency banking networks reshaped how millions of Nigerians save, spend, borrow, and move money. Companies like Moniepoint, Kuda, PalmPay, OPay, FairMoney, and Flutterwave did not just scale — they fundamentally re-engineered financial access in Africa’s largest economy. From deepening financial inclusion to powering small businesses and expanding cross-border payments, 2025 marked a year…
Author: FinTech Today
PayPal and Nigeria: Why a Return May Be Too Late for a Generation That Has Moved On For years, PayPal symbolised global digital commerce — a gateway to international payments, freelancing income, and online business opportunities. But for many Nigerians, especially young people, PayPal also came to represent exclusion, frustration, and broken trust, according to multiple analyses published by Fintech Today News and Fintech News Africa. Now, as PayPal signals a renewed interest in Africa and potential reentry into markets like Nigeria, an uncomfortable question looms: does Nigeria still want PayPal back? For a growing number of young Nigerians, the…
Africa’s Fintech Revolution: Native Innovation, Global Entrants, and the Future of Interoperability Africa’s financial technology landscape is undergoing one of the most dynamic evolutions in the world. Long marginalized by legacy global platforms, the continent has developed homegrown solutions to fit its own realities — a phenomenon brilliantly captured in “Africa Didn’t Wait for PayPal: Inside the Rise of Homegrown Fintech Giants.” At the same time, global players like PayPal are returning with renewed strategies — notably laid out in “PayPal’s Strategic Reentry into Africa: A Game‑Changer for Fintech Interoperability and Cross‑Border Growth” — setting the stage for a new…
Banditry, Kidnapping and Conflict Are Taxing Nigeria’s Food Systems – Here’s How Nigeria’s agricultural sector — once the backbone of the economy and a key source of employment and food security — is under severe strain. While climate change, inflation, and economic pressures are well‑documented challenges, a less visible but equally destructive force has emerged: insecurity. The persistent wave of banditry, kidnapping, pastoral conflict, and other forms of violence has effectively imposed a direct and debilitating “tax” on Nigeria’s food systems. Analysts warn that unless insecurity is addressed decisively, the nation’s food production, distribution, and prices will continue to deteriorate,…
How Nigeria’s $470 Million Police Communication Network Fell Into Ruins After 2015 In 2012, Nigeria embarked on one of its most ambitious internal security technology projects: the National Public Security Communication System (NPSCS). Valued at approximately $470 million, the project was designed to modernize police communications, improve emergency response, and strengthen national security through technology. At the time, it was hailed as a landmark investment that would bring Nigeria’s policing infrastructure closer to global standards. More than a decade later, however, much of the system lies dormant, abandoned, or severely degraded—raising uncomfortable questions about governance, continuity, and accountability in public…
CBN Revokes Licenses of Aso Savings, Union Homes Over Regulatory Breaches The Central Bank of Nigeria (CBN) has revoked the operating licenses of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc, marking a significant regulatory intervention in Nigeria’s mortgage banking sub-sector. The decision underscores the apex bank’s renewed resolve to enforce compliance, strengthen financial system stability, and protect depositors in an increasingly fragile economic environment. The license revocation was announced via an official statement shared on the CBN’s verified social media channels by the Acting Director of Corporate Communications, Mrs. Hakama Ali, on Tuesday. According to…
Making Internet Access Affordable and Inclusive in Nigeria’s Digital Economy Nigeria’s digital economy is often celebrated as one of Africa’s most promising. With a population of over 200 million people, a fast-growing technology ecosystem, and rising smartphone adoption, the country is frequently positioned as a continental digital leader. Yet behind these encouraging indicators lies a more complex and troubling reality: millions of Nigerians remain disconnected from the internet, not by choice, but by cost, coverage, and capability. This digital divide threatens to slow Nigeria’s economic progress, deepen social inequality, and exclude large segments of the population from opportunities increasingly…