Tag: #FinancialInnovation
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FLUTTERWAVE GETS CBN GREEN LIGHT TO OFFER BANKING SERVICES
Nigeria’s fintech giant Flutterwave is now officially stepping into full banking, promising faster, smoother financial services for businesses and consumers. Abuja-based Flutterwave has secured Central Bank of Nigeria (CBN) approval to provide banking services in Nigeria, CEO Olugbenga Agboola announced on Friday. The move comes after the company processed over $40 billion in payments in…
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CRYPTO TRANSACTIONS TOP $50 BILLION WHILE NIGERIA’S CAPITAL MARKET FIGHTS LOW PARTICIPATION
The Securities and Exchange Commission (SEC) revealed that over $50 billion worth of cryptocurrency transactions flowed through Nigeria between July 2023 and June 2024, highlighting a strong appetite for digital assets. However, SEC Director-General Dr. Emomotimi Agama pointed to a paradox: while under 4% of Nigeria’s adult population actively invest in the traditional capital market,…
