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Category Archives: Nigeria

Credit bureaus are holding back digital lending in Nigeria

I was at a recent event organized for alternative lenders, mostly digital lenders serving individuals and SMEs. The engagements were eye-opening even though I was already conversant with most of the issues raised. Nevertheless, one of the nagging problems kept nagging me after I left that day. Everyone was complaining about how difficult it was […]

Posted 22 October 2018 † Adédèjì Olówè § Payment § Uncategorized ‡ Comments (0) °

Finding data in Africa shouldn’t be a problem. Let’s solve it

Data is the fuel of decision making, anywhere and everywhere; and Africa is not excluded. Regrettably, getting simple information to make intelligent decisions in Africa is so hard you are better off just reading the stars. No wonder most African businesses are based on “divine inspirations.” The African economy is vast with different sectoral opportunities. […]

Posted 15 October 2018 † Adédèjì Olówè § Business § Payment ‡ Comments (2) °

Mobile Money in Nigeria: Operators, Opportunities and Trends

Recently I started seeing a spike in the number of inquiries made by friends, fintechs, and random other people about Mobile Money in Nigeria. And it’s not because they are suddenly having altruistic ideas for financial inclusion. Something must be cooking! Let’s get the basics right Mobile money is a form of banking where your […]

Posted 11 October 2018 † Adédèjì Olówè § Business § Mobile § Payment § Piscalux ‡ Comments (2) °

Why Nigerian banks will never lend you a dime

We all go broke at different times, and the natural thing would be to turn to our bankers. After all, we have been putting our meager savings in there for a while; and one good turn deserves another, right? Wrong! You are probably rolling your eyes now because we all know that Nigerian banks hardly […]

Posted 30 September 2018 † Adédèjì Olówè § Business § Payment § Piscalux § Uncategorized ‡ Comments (0) °

Nigerian elites will be losers again, bigly!

While it seems that MTN has an uncanny ability for strolling from a frying pan ($5B fine), into the fire ($8B refund), and then amble into a lava pit ($2B tax arguments), one thing that caught my eyes was the sheer magnitude of the $8b dividend that MTN has remitted to the mothership since 2001. […]

Posted 07 September 2018 † Adédèjì Olówè § Business ‡ Comments (0) °