The Financial Services Industry in Nigeria is experiencing a tremendous change, as startups and traditional players continue to leverage new technologies in providing financial services.
With an estimated population of over 193 million, 162 million mobile subscribers, internet penetration rate at 84%, about 104.6 million internet users as of August 2018, and the financial exclusion rate standing at 41.6%, Financial Technology (“Fintech”) opportunities in Nigeria continue to deepen.
In this edition of our Fintech Nucleus, we started with Finley’s 1836 electric telegraph and dived deep into the Fintech space and ecosystem. We explored the regulatory framework for the Nigerian Fintech space covering major trends in payments, InsurTech and Artificial Intelligence, to mention but a few. We hope you find this edition of the Fintech Nucleus insightful and informative.