Distinguished Ladies and Gentlemen, Thank you for being here with us today – both onsite and online – at the 6th edition of the Nigeria Fintech Week (NFW), the first to be held physically since the Covid-19 pandemic. I hope we are all charged up this morning, excited to learn, share ideas and visions, and develop strategies for the progression of both the Nigerian and global FinTech ecosystem. It is with great pleasure that FinTech

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Since the year 2022 started, there has been consistent growth in the funding attracted by fintech startups from investors. In its State of Venture report on global funding inflows for Q2 2022, CB Insights states that startups recorded a total of $108.5 billion in funding in Q2 2022. But the story is only just beginning. Even though the funding raised is impressive, it is less than its 2021 counterpart for the same quarter. When we

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With statistics showing that crypto losses in Q1 2022 alone saw a 695% (Y-o-Y) spike from the previous year, there is so much to be done in equipping the industry to effectively withstand the growing threats and minimise losses. Consequently, the Fintech Association of Nigeria, zeroed in on this issue at its Intercontinental Webinar tagged ‘Protecting Digital Investments in the Age of Cyber Threats’. The webinar which held on the 21st of July, 2022, was

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From the dot-com boom to the stock-market bubble and several others, history shows economic disruptions at some point in time are inevitable. At this point, the rave is currently on digital assets, and this is not far-fetched seeing that the global Digital Asset Management market is projected to grow from USD 4.2 billion in 2022 to USD 8.0 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 13.6%. It is clear that the

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On the 2nd of July, 2022, Fintech Association of Nigeria (FintechNGR) held the maiden edition of the Fintech Platinum Awards, FPA, its trademarked initiative designed for awards and recognition in the fintech ecosystem. Giving the opening address, Mr Ade Bajomo opined that there was a need to trace and appreciate the trajectory of the fintech ecosystem from when it ‘formally’ kicked off to the current growth and development shaping the space. He also made reference

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In a move that fosters innovation in the fintech ecosystem, the Central Bank of Nigeria recently released the Nigerian Regulatory Framework for Open Banking to help organizations embrace a more competitive way of providing financial services in Nigeria. Open banking is a system of banking which enables a customer to grant third-party financial platforms access to his/her bank account information, account balances, investment history, payments and transactions. Through Open Banking, a customer can also authorize

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Why is the Nigerian SEC Regulating Digital Assets? What Do Fintechs Need to Know? The Securities & Exchange Commission (the “SEC”) has an inherent economic role of facilitating capital formation. This means that from an economic standpoint, the SEC is also partly responsible for finding and regulating new and innovative ways by which members of the public can pool capital together to invest in and promote economic activity. Within that context, the SEC’s decision to

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With less than 3% insurance coverage of the African population and 0.8% penetration in Nigeria, according to available statistics from Insurtech Lab, there is an enormous untapped potential and more than enough room for growth in the sector. To this end, the Fintech Association of Nigeria (FintechNGR), and the Nigerian Insurers Association (NIA) embarked on a journey to further upskilling players in the space of a tailored ‘Digital Insurance’ workshop series. It would be holding

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The organising partners of the Nigeria Fintech Week, NFW, one of the largest gathering of players in the fintech ecosystem in Nigeria and Africa are excited to announce that the 6th edition of the week-long event is scheduled to hold in Lagos in a hybrid format from October 24 to 28, 2022 with the theme – “Navigating the Next Normal: Sustainable Impacts in Fintech, e-Government & Emerging Technologies”. The #NFW2022 theme is reflective of Deloitte’s

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