The ‘growth at any cost’ approach that some fintechs have taken is now likely a thing of the past, as access to funding becomes tougher. Our survey also points to the importance of scale; larger fintechs tend to be more profitable than their smaller ...

2Q22 looks set to be an uninspiring quarter, but ...... cost pressure to alleviate…. …margin improvement expected for 2H22.

Nigerian bonds have sold off sharply this year, with the spread on the Bloomberg EM Sovereign Nigeria Index rising by 327bps ytd through 17 June versus a 105bps rise in the Aggregate Index. Nigeria’s sell-off has been surpassed only by those of Tunis...

Leading mobile network operator, MTN Nigeria (MTNN), is suing 18 Nigerian banks in court over a NGN22bn (US$53.7mn) loss for its mobile money business. A few weeks ago, MTNN and Airtel Nigeria secured final approval to commence payment service bank (...

The major indexes did not move a lot in either direction on Monday as SOFIX (613.67) retreated 0.10% with 6 losers versus 5 gainers out of 15 members. The production sector weighed the most on the indexes in this session, represented by Stara Planin....

There have been around 45 net additions to the fintech unicorns list this year (as of end-May); most of these companies are based in developed markets, but there are a handful from emerging markets too. Most of these new fintech unicorns are already ...