Interswitch, Flutterwave, and Paystack exist because of the 2001 GSM licence auction. Before it, Nigeria had 400,000 phone lines for 120 million people. Four years later, it had 10 million mobile subscribers. Two decades later, it has Africa's largest fintech market.
The serious push into stablecoins, B2B payment rails, futures, and more complex financial products accelerated from 2023 onward to diversify income beyond the volatile retail cycle. Recently, that strategy has become more pronounced.
On Techpoint Digest, we discuss how Nigeria plans to combat SIM-based financial fraud, why global tech is reconsidering its approach to Africa, and how ICASA hopes to make it easier for Starlink to enter the country.
On Techpoint Digest, we discuss MTN is set to begin subscriber payback, Nigeria’s telecom struggle before the GSM revolution, and the FCCPC approving new data and airtime lenders.
Amara Uyanna left Lagos with one goal: run a global oil company. A summer internship in the Niger Delta changed everything. What followed was a decade of reinvention across oil fields, newsrooms, fintech startups, and energy-tech operations in four continents.
As a young boy in Lagos, Benjamin walked from Fadeyi to Mushin to buy electronic parts and sensors, building small robots from YouTube tutorials. Now he builds the infrastructure behind some of Nigeria's most used fintech and consumer apps.
