Stanbic IBTC’s fintech subsidiary Zest widens losses to ₦2 billion in 2024
Zest Payments Limited reported a ₦2 billion loss after tax for the full year 2024. The loss widened from ₦1.2 billion in 2023, indicating ongoing challenges in the fintech sector.
Fintechs brace for competition as Nigerian banks enter digital lending
Access Holding Plc, the parent company of Access Bank, received provisional approval to launch Oxygen X, a standalone lending product. Other banks are reportedly in discussions to establish their own standalone digital lending services.
