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Forex - fintech

Saving in dollars, trapped in naira: Why domiciliary accounts no longer work for millions of Nigerians

<img decoding="async" data-src="https://technext24.com/wp-content/uploads/2023/05/Omoleye-Omoruyi.jpg" width="40" height="37" data-srcset="https://technext24.com/wp-content/uploads/2023/05/Omoleye-Omoruyi.jpg 2x" alt="Omoleye Omoruyi" class="avatar avatar-40 wp-user-avatar wp-user-avatar-40 alignnone photo lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/37;" /><noscript><img decoding="async" data-src="https://technext24.com/wp-content/uploads/2023/05/Omoleye-Omoruyi.jpg" width="40" height="37" data-srcset="https://technext24.com/wp-content/uploads/2023/05/Omoleye-Omoruyi.jpg 2x" alt="Omoleye Omoruyi" class="avatar avatar-40 wp-user-avatar wp-user-avatar-40 alignnone photo lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/37;" /><noscript><img decoding="async" src="https://technext24.com/wp-content/uploads/2023/05/Omoleye-Omoruyi.jpg" width="40" height="37" srcset="https://technext24.com/wp-content/uploads/2023/05/Omoleye-Omoruyi.jpg 2x" alt="Omoleye Omoruyi" class="avatar avatar-40 wp-user-avatar wp-user-avatar-40 alignnone photo" />

Omoleye Omoruyi

7 hours ago

This Week’s

Leading Conversations

5 reasons Nigerian fintechs cannot raise IPOs in the near future

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byOmoleye Omoruyi

Spotlight by Technext brings together fintech leaders in exclusive, no-holds-barred convos

Freshly Pressed

Orange plans to double solar-powered base stations across Africa as Iran war drives up energy costs

News

Orange to double solar-powered telecom sites across Africa as energy costs rise

<img loading="lazy" loading="lazy" decoding="async" data-src="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png" width="29" height="40" data-srcset="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png 2x" alt="Mubarak Bankole" class="avatar avatar-40 wp-user-avatar wp-user-avatar-40 alignnone photo lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 29px; --smush-placeholder-aspect-ratio: 29/40;" /><noscript><img loading="lazy" loading="lazy" decoding="async" data-src="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png" width="29" height="40" data-srcset="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png 2x" alt="Mubarak Bankole" class="avatar avatar-40 wp-user-avatar wp-user-avatar-40 alignnone photo lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 29px; --smush-placeholder-aspect-ratio: 29/40;" /><noscript><img loading="lazy" loading="lazy" decoding="async" data-src="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png" width="29" height="40" data-srcset="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png 2x" alt="Mubarak Bankole" class="avatar avatar-40 wp-user-avatar wp-user-avatar-40 alignnone photo lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 29px; --smush-placeholder-aspect-ratio: 29/40;" /><noscript><img loading="lazy" loading="lazy" decoding="async" data-src="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png" width="29" height="40" data-srcset="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png 2x" alt="Mubarak Bankole" class="avatar avatar-40 wp-user-avatar wp-user-avatar-40 alignnone photo lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 29px; --smush-placeholder-aspect-ratio: 29/40;" /><noscript><img loading="lazy" loading="lazy" decoding="async" src="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png" width="29" height="40" srcset="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png 2x" alt="Mubarak Bankole" class="avatar avatar-40 wp-user-avatar wp-user-avatar-40 alignnone photo" />

Mubarak Bankole

39 minutes ago

Apple launches Tap to Pay on iPhone in South Africa, letting merchants accept contactless payments

News

Apple launches Tap to Pay on iPhone in South Africa, enabling contactless payments

<img loading="lazy" loading="lazy" decoding="async" data-src="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png" width="29" height="40" data-srcset="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png 2x" alt="Mubarak Bankole" class="avatar avatar-40 wp-user-avatar wp-user-avatar-40 alignnone photo lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 29px; --smush-placeholder-aspect-ratio: 29/40;" /><noscript><img loading="lazy" loading="lazy" decoding="async" data-src="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png" width="29" height="40" data-srcset="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png 2x" alt="Mubarak Bankole" class="avatar avatar-40 wp-user-avatar wp-user-avatar-40 alignnone photo lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 29px; --smush-placeholder-aspect-ratio: 29/40;" /><noscript><img loading="lazy" loading="lazy" decoding="async" data-src="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png" width="29" height="40" data-srcset="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png 2x" alt="Mubarak Bankole" class="avatar avatar-40 wp-user-avatar wp-user-avatar-40 alignnone photo lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 29px; --smush-placeholder-aspect-ratio: 29/40;" /><noscript><img loading="lazy" loading="lazy" decoding="async" data-src="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png" width="29" height="40" data-srcset="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png 2x" alt="Mubarak Bankole" class="avatar avatar-40 wp-user-avatar wp-user-avatar-40 alignnone photo lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 29px; --smush-placeholder-aspect-ratio: 29/40;" /><noscript><img loading="lazy" loading="lazy" decoding="async" src="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png" width="29" height="40" srcset="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png 2x" alt="Mubarak Bankole" class="avatar avatar-40 wp-user-avatar wp-user-avatar-40 alignnone photo" />

Mubarak Bankole

3 hours ago

MTN will make Nigeria-South Africa payments seamless with new trusted rules - Karl Toriola

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Nigeria is MTN’s most profitable market with 41.7% revenue growth in Q1’26

<img loading="lazy" loading="lazy" decoding="async" data-src="https://technext24.com/wp-content/uploads/2024/10/Fagbemi-Joshua-Headshot.jpg" width="38" height="40" data-srcset="https://technext24.com/wp-content/uploads/2024/10/Fagbemi-Joshua-Headshot.jpg 2x" alt="Joshua Fagbemi" class="avatar avatar-40 wp-user-avatar wp-user-avatar-40 alignnone photo lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 38px; --smush-placeholder-aspect-ratio: 38/40;" /><noscript><img loading="lazy" loading="lazy" decoding="async" src="https://technext24.com/wp-content/uploads/2024/10/Fagbemi-Joshua-Headshot.jpg" width="38" height="40" srcset="https://technext24.com/wp-content/uploads/2024/10/Fagbemi-Joshua-Headshot.jpg 2x" alt="Joshua Fagbemi" class="avatar avatar-40 wp-user-avatar wp-user-avatar-40 alignnone photo" />

4 hours ago

Glovo plans $77 million Kenya expansion by 2030 after a successful 2025

News

Glovo to invest $77 million in Kenya, opens new headquarters in Nairobi

<img loading="lazy" loading="lazy" decoding="async" data-src="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png" width="29" height="40" data-srcset="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png 2x" alt="Mubarak Bankole" class="avatar avatar-40 wp-user-avatar wp-user-avatar-40 alignnone photo lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 29px; --smush-placeholder-aspect-ratio: 29/40;" /><noscript><img loading="lazy" loading="lazy" decoding="async" data-src="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png" width="29" height="40" data-srcset="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png 2x" alt="Mubarak Bankole" class="avatar avatar-40 wp-user-avatar wp-user-avatar-40 alignnone photo lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 29px; --smush-placeholder-aspect-ratio: 29/40;" /><noscript><img loading="lazy" loading="lazy" decoding="async" data-src="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png" width="29" height="40" data-srcset="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png 2x" alt="Mubarak Bankole" class="avatar avatar-40 wp-user-avatar wp-user-avatar-40 alignnone photo lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 29px; --smush-placeholder-aspect-ratio: 29/40;" /><noscript><img loading="lazy" loading="lazy" decoding="async" data-src="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png" width="29" height="40" data-srcset="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png 2x" alt="Mubarak Bankole" class="avatar avatar-40 wp-user-avatar wp-user-avatar-40 alignnone photo lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 29px; --smush-placeholder-aspect-ratio: 29/40;" /><noscript><img loading="lazy" loading="lazy" decoding="async" src="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png" width="29" height="40" srcset="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png 2x" alt="Mubarak Bankole" class="avatar avatar-40 wp-user-avatar wp-user-avatar-40 alignnone photo" />

Mubarak Bankole

6 hours ago

₦26.9 billion USPF fund meant to connect rural Nigeria to the internet vanished. Here is what we know

Explainer

USPF’s missing ₦26.9 billion rural connection fund. Here is what we know

<img loading="lazy" loading="lazy" decoding="async" data-src="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png" width="29" height="40" data-srcset="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png 2x" alt="Mubarak Bankole" class="avatar avatar-40 wp-user-avatar wp-user-avatar-40 alignnone photo lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 29px; --smush-placeholder-aspect-ratio: 29/40;" /><noscript><img loading="lazy" loading="lazy" decoding="async" data-src="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png" width="29" height="40" data-srcset="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png 2x" alt="Mubarak Bankole" class="avatar avatar-40 wp-user-avatar wp-user-avatar-40 alignnone photo lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 29px; --smush-placeholder-aspect-ratio: 29/40;" /><noscript><img loading="lazy" loading="lazy" decoding="async" data-src="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png" width="29" height="40" data-srcset="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png 2x" alt="Mubarak Bankole" class="avatar avatar-40 wp-user-avatar wp-user-avatar-40 alignnone photo lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 29px; --smush-placeholder-aspect-ratio: 29/40;" /><noscript><img loading="lazy" loading="lazy" decoding="async" data-src="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png" width="29" height="40" data-srcset="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png 2x" alt="Mubarak Bankole" class="avatar avatar-40 wp-user-avatar wp-user-avatar-40 alignnone photo lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 29px; --smush-placeholder-aspect-ratio: 29/40;" /><noscript><img loading="lazy" loading="lazy" decoding="async" src="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png" width="29" height="40" srcset="https://technext24.com/wp-content/uploads/2025/08/Screenshot-2025-08-21-at-13.16.09.png 2x" alt="Mubarak Bankole" class="avatar avatar-40 wp-user-avatar wp-user-avatar-40 alignnone photo" />

Mubarak Bankole

6 hours ago

JAMB

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JAMB’s 2026 policy meeting: 7 key decisions candidates should know

<img loading="lazy" loading="lazy" decoding="async" data-src="https://technext24.com/wp-content/uploads/2024/10/Fagbemi-Joshua-Headshot.jpg" width="38" height="40" data-srcset="https://technext24.com/wp-content/uploads/2024/10/Fagbemi-Joshua-Headshot.jpg 2x" alt="Joshua Fagbemi" class="avatar avatar-40 wp-user-avatar wp-user-avatar-40 alignnone photo lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 38px; --smush-placeholder-aspect-ratio: 38/40;" /><noscript><img loading="lazy" loading="lazy" decoding="async" src="https://technext24.com/wp-content/uploads/2024/10/Fagbemi-Joshua-Headshot.jpg" width="38" height="40" srcset="https://technext24.com/wp-content/uploads/2024/10/Fagbemi-Joshua-Headshot.jpg 2x" alt="Joshua Fagbemi" class="avatar avatar-40 wp-user-avatar wp-user-avatar-40 alignnone photo" />

20 hours ago

woman in tech

Women in Tech

Tech Trivia with Aghama Jesurobo, Founder of MumsWhoCode

Ifeoluwa Adebayo

21 hours ago

TikTok launches £3.99 monthly subscription for UK users who want an ad-free experience

News

TikTok launches £3.99 monthly subscription for UK users who want an ad-free experience

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Mubarak Bankole

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Circle reports a 20% Q1 revenue surge as it fuels infrastructure ambitions with a $222m Arc token presale

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Vodacom Tanzania unveils M-Pesa Global Payment, opening cross-border payments worldwide

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Vodacom records $10 billion revenue for year ended March 2026

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1 day ago

Drivers shutdown Uber and Bolt apps in KwaZulu-Natal over safety, commission and promos

News

Uber may be operating illegally in South Africa after missing March 11 e-hailing registration deadline

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Mubarak Bankole

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All the reasons to try out FirstBank's revamped First Current Plus (FCP) account

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4 things First Bank’s 2025 results reveal about Nigeria’s competitive fintech landscape

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Omoleye Omoruyi

3 days ago

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Crypto Savings vs. Traditional Bank Savings Accounts: What is the Difference?

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Crypto Savings vs. Traditional Bank Savings Accounts: What is the Difference?

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The Best Trading App in Nigeria Could Be the Edge Traders Need for Fast Forex and Gold Moves

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The Best Trading App in Nigeria Could Be the Edge Traders Need for Fast Forex and Gold Moves

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Dash Microfinance Bank Lowers Transaction Fee to ₦5 to Support Customers Following New ₦1,500 Card Charge Policy

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Dash Microfinance Bank Lowers Transaction Fee to ₦5 to Support Customers Following New ₦1,500 Card Charge Policy

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From Lagos Nightlife to Web3 Innovation: The Quiet Rise of “Locomotive” and His Vision for Nigerian Youths

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From Lagos Nightlife to Web3 Innovation: The Quiet Rise of Locomotive, and his vision for Nigerian Youths

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Guest Contributor

Ayoola Afolabi

4 minute read

African fintechs must prioritise systemic trust over simple fraud detection – Ayoola Afolabi

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