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Instant Payment Transactions Rise By 120% In 2yrs — CBN

Innovation · Nigeria

Instant Payment Transactions Rise By 120% In 2yrs — CBN

100% Left coverage: 1 sources

The Central Bank of Nigeria (CBN) has revealed significant growth in the NIBSS Instant Payments Platform (NIP), indicating a 120 per cent rise from N5 billion processed transactions in 2022 to N11 billion processed transactions in 2024. The Central Bank of Nigeria (CBN) made the revelation in its inaugural CBN Fintech Report: “Shaping the Future of Fintech in Nigeria” – Innovation, Inclusion and Integrity, which offers a comprehensive assessment…See the Story

Afreximbank announces top 8 finalists for its flagship Accelerator Program

Afreximbank announces top 8 finalists for its flagship Accelerator Program

Afreximbank announces top 8 finalists for its flagship Accelerator Program See the Story

Moniepoint went from PoS scale to full-stack lock-in in two years

Money · Nigeria

Moniepoint went from PoS scale to full-stack lock-in in two years

This is Follow the Money, our weekly series that unpacks the earnings, business, and scaling strategies of African fintechs and financial institutions. A new edition drops every Monday. In 2015, Moniepoint, then TeamApt, one of Nigeria’s most prominent fintechs, was building payment infrastructure for banks. By 2025, it was no longer a company in the shadows. It had become one of the most important pipes through which Nigeria’s informal economy…See the Story

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