Nigeria’s fintechs raise $520m, lead Africa amidst interest rate pressure — CBN

•Urges domestic funding to sustain fintech growth •Says over 60% of fintechs eye regional expansion By Babajide Komolafe, Economy Editor Nigeria’s fintech ecosystem remained Africa’s leading innovation hub in 2024, raising over $520 million in equity funding despite rising global interest rates and tightening financial conditions, the Central Bank of Nigeria (CBN) has disclosed. According to

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