There is a new publication on Fintech Nigeria, covering policy, technology, innovation, investment and more. It began by summarizing key 2018 activities in the broad fintech sector in Nigeria, and then went ahead to offer a look in 2019. It was authored by Damilola Salawu, a Partner (Technology, Innovation and Fintech) in Olaniwun Ajayi LP.
Over the course of 2018, the Fintech ecosystem has grown in many respects, particularly in terms of investments, policy developments/regulations, product offerings and new market opportunities. The issue of the oversight functions and the regulatory activities of the Central Bank of Nigeria (CBN) seems to be at the front-burner within the space in the year under review, and we speak to some of the relevant regulations that would significantly impact the way Fintech companies, particularly, payment system operators, operate in 2019 and beyond.
This Report is in two (2) parts; Part A which is a wrap-up of 2018 looks at some of the trends we had highlighted in last year’s report (the Forward Look 2018) and how they played out as well as other high points of 2018. Part B looks forward to 2019 highlighting some of our expectations for the year and what we think the key indicators for the ecosystem would be.
Download the publication here.