E-Financial
Star-studded Lineup for MobileMoney Expo

This year’s MobileMoneyAfrica expo and conference is shaping up to be an event as star-studded as any red carpet, with dozens of heavy hitters lining up to speak, including Jonathon Ridley – principal, Coffey International, UK and Peter Ollikanen – SVP at Mistral Mobile, Finland.
Apart from the duo, some other industry leading lights are attending the expo and conference, which is the third in the series and holding at the Lagos Oriental Hotel, Lagos from February 6 to 7.
Jonathon Ridley, with an impressive 20 years of experience as a business leader and 13 years of experience managing large-scale international donor funded programmes will share his knowledge with participants at the event.
Ridley as a principal of Coffey International Development’s Economic Growth practice in London directs and advises on projects seeking to effect market system changes, primarily through the Making Markets Work for the Poor (M4P) approach.
Also, Peter Ollikainen, co-founder and SVP of product marketing at Mistral Mobile, a mobile money technology and professional services company will share his company’s success story in providing innovative and disruptive solutions to banks, mobile operators and financial service providers to enable them to service their customers through mobile channels.
Others are Gerry Rasugu who currently leads the Agent Network Group within SBI’s global Alternative Delivery Channels Practice area; John Owens, director, East Asia, CHEMONICS with over 24 years of experience in microfinance, microenterprise development, and mobile financial services; and Simon Aderinlola , National Coordinating Consultant, WASPA-Nigeria Gte.
Also on the roll call of speakers are Mike Ogbalu, head, mobile financial services, FirstBank Nigeria; Eugene Adogla, director, MicroEnsure, Ghana; Ali Musa Baba, CEO, TeasyMobile, Nigeria; Justin Floyd – RedcloudMoney and ICENI Mobile – UK; Victor Asemota,CEO & Principal Consultant, Swifta Systems, Ghana; Santanu Sengupta – director, African center for mobile financial inclusion, UK; Osondu Nwokoro, director, regulatory Affairs and special Projects, Airtel Nigeria; Tayo Oviosu, CEO, Paga; Emmanuel Agha , founder, Innovectives LLC, Nigeria; Daniel Osei- Antwi – CEO, SplashMobileMoney, Sierra Leone; Chalapathi Rao Immidi, director Business Development, MFINO, India; Derrick Kwaku Dankyi, executive director, Glife Financial services, Ghana; Vytas Paukstys, CEO, Eskimi, Lithuania; Selorm Adadevoh; head of Mobile financial services, Tigo, Ghana; Peter Asolo – CEO, Petvini Global Concept , Nigeria; Simon Aderinlola, founding director & National Coordinating Consultant at WASP Ltd/Gte and Emeka Okoye, CEO – Vi
kantti Software; as well as Gerald Rasugu – Lead, Agent Network, ShoreBank International, Kenya.
The expo which is jointly promoted by MobileMoneyAfrica, Nigerian CommunicationsWeek and African center for mobile financial inclusion in United Kingdom, will be a gathering of influencers in the industry across Africa and beyond, cutting across Mobile Network operator, financial institutions, technology, regulators and other associated players.
This year’s MobileMoneyAfrica expo and conference is adding another feature event which will enable subscriber test mobile money applications from different providers during the two day event.
Notably amongst the licensed mobile money providers that will be showcasing mobile money innovation at the subscribers interaction center are GTBank MobileMoney; Paga; and Stanbic IBTC.
The subscriber interaction center is hosted by Nigeria’s leading social media network, Eskimi and hundreds of their subscribers will be visiting the center to test, evaluate and sign up for mobilemoney services during the two day event.
During the 2013 Edition of the MobileMoney Expo, mobile money operators will share experiences in all domain areas of mobile financial services covering regulation, technology, application, marketing, customer relationships, agency network and other innovative practices that will improve adoption of mobile financial services for shopping, remittances, micro finance, social payments and others.
Speaking further on the subscriber interaction center at the 2013 event, Emmanuel Okoegwale, principal associate at MobileMoneyAfrica said ‘The purpose of the promoting a space at the event to showcase all mobilemoney innovations in Nigeria, is to enable potential subscribers access all the applications available and sign up instantly during the event.
“That section of the event is open and free to delegates to promote adoption of mobile financial services.’ He added.
Commenting on the centre, Ken Nwogbo, editor-in-chief, Nigeria CommunicationsWeek said ‘ The interaction center is a first for the industry and it is aimed at educating the customers to make the right decision to enroll for mobile financial services in Nigeria‘.
With more than 16 licensed providers in Nigeria, the event is a must attend for industry watchers that are desirous of exploring opportunities in the mobile money space in Nigeria through agency network partnerships, technology / application sales, integrators and customers activation and others.
The event will also host the inaugural Kalahari awards to recognize players innovators in the industry across Africa, is dedicated to acknowledging creativity, commitment and excellence in the mobile financial services across Africa.
Delegate registrations are still open for the main conference event.
E-Financial
Fidelity Bank Completes N500Bn Capital Raise ahead of Deadline

Fidelity Bank Plc said it has raised the required minimum share capital for lenders with international authorisation, boosting its capital base as Nigerian lenders race to comply with tougher regulatory requirements scheduled to end by March 2026.

Nneka Onyeali-Ikpe, GMD, Fidelity Bank
The push-up in its eligible capital, raised through a private placement, effectively placed Fidelity Bank among lenders that have successfully scaled through the regulatory mandate.
The Lagos-based bank, in a disclosure on the Nigerian Exchange on Tuesday, said the offer, which opened and closed on December 31, 2025, was approved by the Central Bank of Nigeria and the Securities and Exchange Commission. Proceeds from the transaction lift Fidelity’s eligible capital to about N564.5 billion from N305.5 billion, subject to final regulatory approvals.
The private placement was carried out under a mandate granted by shareholders at an extraordinary general meeting on February 6, 2025, authorising the bank to issue up to 20 billion ordinary shares.
Fidelity did not disclose the pricing or investor mix for the transaction.
The fundraising caps an aggressive capital-raising drive by Fidelity over the past two years. In 2024, the lender raised N175.85 billion through a public offer and rights issue, which brought its eligible capital to N305.5 billion. That left a shortfall of about N194.5 billion relative to the new minimum capital threshold.
Nigeria’s central bank in 2024 announced a sweeping recapitalisation programme aimed at strengthening the banking system, raising the minimum capital for commercial banks with international authorisation to N500 billion.
The apex bank mandated an increment in capital for national banks, pushing it to N200 billion and N50 billion for regional banks. The 24‑month compliance window ends on March 31, 2026, a regulation that’s triggering a wave of equity issuances, merger talks, and balance-sheet restructuring across the sector.
Fidelity’s latest capital raise places it above the regulatory floor, potentially easing pressure on the bank as peers continue to tap markets. The additional capital is also expected to support balance-sheet expansion, larger ticket lending, and resilience against macroeconomic shocks in Africa’s fourth-largest economy, which has been grappling with currency volatility, double-digit inflation, and elevated interest rates.
Analysts stated the scale and speed of this transaction validate Fidelity Bank’s standing among tier‑one lenders. Recently, Fitch Ratings affirmed the bank’s Long‑Term Issuer Default Rating at ‘B’ and upgraded its National Long‑Term Rating to ‘A+(nga)’, citing stronger capital buffers and improved profitability.
Fitch also recognised the bank’s expanding franchise, sound fundamentals, and healthy foreign‑currency liquidity, noting it was Nigeria’s sixth‑largest lender by assets at the end of 2024.
E-Financial
Kuda Microfinance Bank Releases ‘My Year on Kuda’ 2025 Financial Recap

Kuda Microfinance Bank has unveiled the 2025 edition of “My Year on Kuda,” its annual recap providing customers with personalised insights into their spending, saving, and money management habits from the previous year.

Kuda Microfinance Bank
The tool analyses transaction data across categories like transfers, card payments, online purchases, and bills, revealing patterns such as highest-spending months, biggest payments, saving frequency, and savings from Kuda’s 25 free monthly transfers. Customers can compare 2025 activity against 2024, including income versus expenditure.
In an era of inflation and economic uncertainty, the recap promotes financial literacy by highlighting responsible borrowing via Kuda Overdraft usage, including access frequency, amounts borrowed, and repayment patterns.
Customer-shared screenshots on X reflect national trends: Nigeria recorded over 2.2 billion electronic transactions worth ₦285 trillion in Q1 2025, up 20 percent year-on-year, with POS terminals driving the shift to cashless commerce.
Kuda Group CEO Babs Ogundeyi, in the recap’s opening video, urged users: “Before you carry on with January, this is the perfect time to see everything you did with your money on Kuda last year and learn something.”
The feature underscores Kuda’s focus on actionable insights to help Nigerians navigate evolving personal finance amid shifting earning and spending behaviours.
E-Financial
Wema Bank Launches SAW AI Voice Assistant for Seamless Banking on ALAT 2.0

Wema Bank has introduced SAW, a new AI voice assistant integrated into the ALAT 2.0 app, allowing customers to manage finances through natural voice commands similar to Siri, Bixby, or Alexa.

Wema Bank
SAW understands everyday language and delivers instant responses tailored to banking needs, such as checking account balances, transferring money, reviewing transactions, and accessing support.
This feature brings conversational banking to Nigerian users, eliminating complexity and enhancing accessibility.
The bank positions SAW as a pioneer in AI-powered financial services, aligning with global trends where millions interact daily with voice assistants for tasks like setting reminders or playing music.
ALAT 2.0 represents the next evolution in digital banking, making services more efficient, personal, and human-like for everyday Nigerians.
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