Banks

Nigerian telcos' revenues are under pressure as people switch to digital calls

Yesterday, the telecommunications company, MTN Nigeria announced ten alternative channels for its customers to buy airtime for their mobile devices after commercial banks disallowed MTN subscribers to use their channels. All banks in Nigeria, except Zenith Bank, have taken MTN off their platform. Customers can now recharge airtime through fintech solutions platforms such as Flutterwave, […]

My Life In Tech is putting human faces to some of the innovative startups, investments and policy formations driving the technology sector across Africa. For Women’s Month, we are profiling some of Africa’s female founders, C-suite executives, investors, and policymakers. When I meet Tomilola Adejana, Co-founder and Chief Executive Officer of Bankly in January at the […]


The Real Battle Between Banks and Fintechs is just Beginning
Business, ecosystem, FinTech, Government, Mobile, News, Policy, startups, Technology
7th November 2019

The Central Bank of Nigeria (CBN) wants banks to lend more. This time it’s not just talking. It is compelling them, somewhat. But the new policy it has issued could set the stage for the first real tussle between banks and fintechs.


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