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Paystack is in the news again—and this time it is not connected to the suspension of its co-founder, but to a measured entry into Nigeria’s formal banking space. Paystack is one of Nigeria’s most visible fintech success stories. Founded in 2015, it built its reputation as payments infrastructure that allows businesses to accept digital and in-person payments with ease. The company’s profile rose sharply in 2020 when it was acquired by Stripe, one of the largest fintech exits

Nigeria's fintech industry has shifted from simply disrupting the market with innovation to becoming an integral part of the financial system, gradually threatening some of the country's large banks. Nowadays, fintech firms are not only broadening access to financial services, but they’re also handling transaction volumes that match—and sometimes surpass—those of traditional banks. This rise has been influenced by Nigeria’s young population, widespread mobile phone use, and o

Nigeria’s banking sector is in the midst of a major structural reset. Driven by the Central Bank of Nigeria’s (CBN) recapitalization programme, banks are required to strengthen their capital base in line with revised minimum thresholds that reflect the scale, scope and risk profile of their licence categories. The objective is clear: build a more resilient, stable and globally competitive financial system capable of supporting Nigeria’s long-term economic ambitions. As at tod