Blog Posts
How Banking Has Evolved Over Time in Nigeria
Evolution is a process of gradual, peaceful, progressive change or development as in social or economic structure or institutions. The banking sector in Nigeria has gone through different stages of evolution beginning with the era of British colonial administration dating back ...
Why Data Should Be The Diamond Rush of Fintech Companies
Fintech companies should be more strategic in acquiring client information. This will enable them to provide in-depth product/service personalization and effective customer segmentation. Technology has made information acquisition ubiquitous. About 2.5quitillion bytes of data are created...
Why Fintech Programs Should Target Employment Generation
Some 1.4 billion people are desperately poor across the world. They live in some of the worst conditions possible. They do not have enough to eat, lack access to clean water or adequate sanitation, and lack access to medicine. Diseases such as Malaria, AIDS, Starvation, and many others...
How To Give Loan to a Roadside Vulcanizer
How do you assign a Credit Score to Ugochukwu? Ugochukwu is a roadside vulcanizer who has never owned a bank account or a mobile account/wallet. He needs N150,000.00 (less than $400) to pay a year’s house rent for his family of five. To put this in context, Ugochukwu, like most other vulcanizer...
Why Digital Banks and Mobile Money Companies are Innovating Faster for Financial Inclusion than Incumbent Banks
The fast change in lifestyle habits in the wake of the Covid-19 Pandemic has resulted in an accelerated adoption of digital banking and mobile money platforms in Africa. Digital platforms are now much-touted to possess the capacity to crack the age-long challenge of improving financial inclusion...
Three Reasons Why You Should Take Credits
There seems to be a social bias around “borrowing” and taking credit. It is frowned upon to be seen as someone who is owing or a debtor; it is something like a stigma. In the same vein, there seems to be a knowledge gap about how to obtain credit. This is because not enough groundwork has...
Things to Consider Before Starting a Logistics Business in Nigeria
Logistics involves planning, controlling, and managing the process of moving and storing goods from a point of origin to the final destination. Most logistics companies essentially manage the chain of supply of goods from where it is produced to where it is finally consumed. It includes...