Nigeria’s central bank is rewriting the rules for fintech growth

This is Follow the Money , our weekly series that unpacks the earnings, business, and scaling strategies of African fintechs, financial institutions, companies, and governments. A new edition drops every Monday. Over the past decade, the playbook for Nigerian fintechs has been remarkably consistent: build payment products, acquire merchants, scale transaction volumes, obtain microfinance bank licences, expand into lending, and eventually launch savings products.