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Central Bank of Nigeria's logo is seen on the headquarters building in Abuja

Four innovations with CBN’s open banking regulations

Nigeria is undoubtedly in the lead with its open banking initiatives among African countries and other developing countries. Following the release of the operational guidelines …

Advocating for Open Banking in Nigeria

Open Banking Nigeria Trustee, Adedeji Olowe and Head of content at Open Banking Expo, Ellie Duncan, recently sat down for a chat on the ‘Open …

What Are The Next Steps For Open Banking In Nigeria?

The Central Bank of Nigeria (CBN) recently released the exposure draft of the operational guidelines of Open Banking in Nigeria which clearly stipulates the roles, …

Open Banking: Driving growth for banks in Nigeria

Introduction The way we carry out financial transactions today is very different from what it used to be. At the moment, there are a lot …

Open Banking In Africa

The conversation on Open Banking in Africa is one that has been a long time coming. While the benefits seem apparent at first glance, there’s …

Open APIs: Why fintechs should also adopt common standards

In March 2021, Flutterwave, one of Nigeria’s Fintechs, raised a Series C funding of $170M, at a $1 billion valuation. Flutterwave became the second Fintech in Nigeria to reach a $1 billion valuation after Interswitch, which reached a $1billion valuation in 2019 when Visa acquired a 20% stake in the company.

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