Fintech

In a new report from blockchain security company CertiK, it was revealed that the cryptocurrency and decentralised finance (DeFi) sectors lost $1.19 billion due to hacks, scams, and other security issues in the first six months of 2024.  The “Hack3d: The Web3 Security Quarterly Report” for the second quarter and…

Apple’s smart features make using your devices easier and more fun, helping you do things faster and in a more personalised way. From talking to Siri to get quick answers to using smart suggestions for your next app action, Apple is all about making your tech experience smoother. Whether you’re…

An Access Bank customer in Nigeria mourns his daughter’s death as he blames his banking apps for the loss. The hospital had an ethical problem, too. The father couldn’t transfer to the hospital account for his daughter’s emergency treatment—granted. The hospital management ought to have followed their oath: to save…

Fintech has been of age in Nigeria—at least six years. So if the CBN bans Opay, one of the early birds in the sector, now, it’s not about misunderstanding. Six years is a long enough time for Opay to understand its business risks—including competition, regulation, customers—in Nigeria. While the company…

In a significant development within Nigeria’s financial sector, the Nigeria Interbank Settlement System Plc (NIBSS) has issued a circular directing banks to eliminate non-deposit financial institutions from their National Instant Payment (NIP) fund transfer channels.  This directive, which has raised several discussions within the industry, affects a variety of financial…