Nigeria's Fintech Maturity: From Growth Chasing to Banking Ambitions

Nigeria's formal remittance inflows hit a record $947 million in July 2026, bringing the Central Bank's $1 billion monthly target into view. This surge, a 50.2% increase year-on-year, is the clearest signal yet that CBN's push for transparency and a market-determined exchange rate is pulling diaspora funds away from informal hawala channels into the regulated financial system.

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The narrative of Nigerian fintech has shifted from a user-acquisition race to a...