Author: Abraham Adebisi

Starting a small business in Nigeria is one thing, but growing it into a profitable and sustainable venture is another. Many Nigerian entrepreneurs begin with great ideas and passion, but they often struggle to scale due to limited access to capital, poor management, lack of visibility, and stiff competition. With over 39 million Micro, Small, and Medium Enterprises (MSMEs) contributing more than 50% of Nigeria’s GDP (according to SMEDAN), small-scale businesses remain the backbone of the economy. However, for your business to thrive in today’s fast-changing market, you must adopt proven strategies that go beyond survival. Whether you’re running a…

Have you ever been stuck trying to book a flight online, pay for Netflix, or shop on Amazon—only to see the message: “Credit Card Required”? 😩 In Nigeria today, more people are realizing that a credit card is not just a luxury, but a necessity for convenience, emergency spending, and global transactions. If you’ve ever wondered how to apply for a credit card in Nigeria, you’re not alone. With banks tightening their approval process and fintechs changing the game, the journey to owning a credit card can feel confusing. But the truth is—getting one is easier than you think, if…

Banking is the foundation of any economy, and Nigeria’s financial sector is no exception. Millions of Nigerians rely daily on financial institutions to save, borrow, invest, and transfer money. However, not all banks are created equal. The two most common categories of banks in Nigeria are commercial banks and microfinance banks. While both are regulated by the Central Bank of Nigeria (CBN), they serve very different purposes and audiences. A commercial bank is a large financial institution designed to provide a wide variety of financial services to individuals, corporations, and government bodies. On the other hand, microfinance banks are tailored…

Imagine walking into a store with cash in your pocket and realize you can lose it in a second. It could be lost through theft, misplacement, or simply overspending. That fear alone has pushed millions of Nigerians toward banking. But beyond security, having a savings account is the foundation of personal finance. It’s where financial discipline starts, where future goals are stored, and where wealth grows little by little. Yet, despite Nigeria’s large population (over 200 million) millions of people remain unbanked or underbanked. According to the Central Bank of Nigeria (CBN), a huge portion of adults still operate outside…

Have you ever tried sending money abroad and felt frustrated by the high fees, poor exchange rates, or endless delays? You’re not alone. For millions of Nigerians and Africans, figuring out how to send money internationally has become crucial. It is more than just a financial transaction, it’s a lifeline. Whether it’s a student paying tuition in the UK, a freelancer receiving payment from a U.S. client, or a parent supporting family members overseas, international money transfers have become the backbone of modern financial life. Nigeria alone receives billions of dollars in remittances every year, according to the World Bank.…

In the last decade, Nigeria has become the fintech capital of Africa. From digital banking to mobile payments, fintech services in Nigeria have completely transformed how people save, borrow, and invest money. In 2025, millions of Nigerians rely on fintech platforms for everyday transactions. They use these platforms for sending money to family in another state. It’s also common for paying utility bills and accessing small business loans without visiting a bank. This guide gives you an in-depth look at fintech services in Nigeria. It explains how they work and the opportunities they bring. It also covers the challenges they…

The story of finance in Africa has been dramatically rewritten in the last decade. Africa was once characterized by low banking penetration, cash-heavy economies, and rigid traditional financial systems. Now, it stands tall as one of the fastest-growing fintech markets in the world. In 2025, fintech is essential. It drives financial inclusion, entrepreneurship, and cross-border economic growth across the continent. According to a 2024 report by Disrupt Africa, African fintech startups attracted over US$1.1 billion in funding despite global VC slowdowns. Investors continue to see immense potential in a market. More than 57% of the population remains unbanked but they…

The term Fintech is short for financial technology. It has moved beyond being a buzzword. Now, it is a cornerstone of Africa’s digital transformation. In Nigeria and other African nations, traditional banking systems have often struggled with inefficiencies. Limited access and bureaucratic bottlenecks further hinder them. Fintech is reshaping how people save, invest, borrow, and transact. But what is fintech in its essence? How exactly does it function across the African continent in 2025? And why is it one of the most promising sectors for economic growth and financial inclusion? This guide unpacks everything you need to know. What Is…