Nigerian big banks’ fintech foray spotlights valuation

A growing number of Nigerian big banks are making inroads into the financial technology space, putting the valuation of fintech firms in the country under the spotlight.

Around 2017, when fintech companies were seen as major disruptors in financial services, it was almost a given they will end the reign of the traditional banks. But the banks seem to have taken control of their future through strategic investments in fintech businesses.

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