E-Financial
Twitter Adds Flutterwave, Paga as Available Payment Providers to Tips in Nigeria
Whether you want to tip small business owners, emerging artists you admire, or your favorite creators whose Tweets you find entertaining — whoever you want to support, Tips is here to help you do it.
In May 2021, Twitter started experimenting with this feature with a small group of people on the platform, including journalists, creators, and more. Since then, Tips has become available on iOS and Android, and to everyone who is 18+ on Twitter, including in Nigeria and across the continent. It is a new way to monetize on Twitter and enables people on the service to send and receive funds as a token of appreciation.
Starting today, Twitter is adding the pan-African payment solutions Barter by Flutterwave and Paga as additional payment providers to Tips. Barter is a web and mobile app, from leading payments technology company, Flutterwave, that lets you send and receive money from abroad instantly, and safely, at affordable rates.
Paga is a payment and financial services ecosystem for Africa. Their consumer app enables consumers to access and use money in the most convenient way for them.
How does it work?
Turning on Tips adds an icon next to your profile, which will now also have a link to Barter and Paga, for quick and easy person-to-person tipping. Tap the icon, and you’ll see the payment services or platforms that the account has enabled, you can select whichever you prefer.
Once you select the service you want to use, you’ll be taken off Twitter to the selected app to send funds. Twitter takes no cut. Barter and Paga join Chipper, which was rolled out in 2021, as payment services available for people in various African countries.
Adding your Bitcoin address to Tips
Additionally, when you enable Tips on your profile, you can also add your Bitcoin address. People can copy your address and paste it into a Bitcoin wallet of their choice to send you a payment directly.
Commenting on Barter’s inclusion as a payment provider to Tips, CEO and Founder of Flutterwave, Olugbenga ‘GB’ Agboola said, “As a frequent Twitter user, creators, artists and businesses add immense value to my experience on the platform —creating an avenue to reward or tip them is a good step in the right direction by Twitter. So we’re excited to be partnering with them to create a safe, fast and easy way to tip these amazing creators through Barter by Flutterwave.
“We have the reach and abilities to enable creators from Africa to receive tips from parts of the world. I will likely be one of the biggest users of Tips, and that’s because it’s an awesome feature that has huge potential for the creator economy in Africa.”
Tayo Oviosu, the Founder and CEO of Paga, said, “Our mission at Paga is to simplify payments for individuals and businesses. Through this partnership with Twitter, via Tips, we can create an effective way for Creators to get paid into their Paga accounts, directly from Twitter.
“As an avid Twitter user, I’m thrilled about this partnership. Creators are a key demographic we are building for at Paga, and this partnership allows us to enable them to effectively monetize their work. We are really excited about solving payments in the most innovative ways, especially with companies such as Twitter”.
Through the payment partner interface, people will be able to support individuals and organizations across Nigeria and the sub-Saharan region via multiple modes of payment including UPI, credit and debit cards, net banking, wallets and more.
The inclusion of additional payment providers to Twitter’s Tips feature represents an expansion of access to pathways for people on the continent to get paid, as Twitter expands its Africa presence since setting up operations in Ghana.
It also marks a major step in Digital currencies that encourage more people to participate in the economy and help people send each other money across borders and with as little friction as possible.
World Bank has approved an additional $65 million loan for Nigeria to support the Sustainable Procurement, Environmental, and Social Standards Enhancement (SPESSE) project, increasing the total financing for the initiative to $145 million.
The approval was granted on June 24, 2025, according to details posted on the World Bank’s website, which also indicates that the project’s status has moved to “active” following the approval.
The SPESSE project, initially launched with an $80 million loan approved in February 2020, aims to strengthen institutional capacity for managing procurement, environmental, and social standards in both the public and private sectors across Nigeria.
The World Bank described the project’s development objective as the establishment of sustainable capacity in these areas.
This latest approval is part of a broader wave of financing expected from the World Bank to Nigeria in 2025.
The bank is scheduled to approve loans totalling $1.61 billion over the coming months, supporting various development initiatives.
Among these is a $300 million loan for the ‘Solutions for the Internally Displaced and Host Communities Project,’ expected to be finalised by the end of July.
This project aims to improve access to basic services and economic opportunities for internally displaced persons (IDPs) and host communities in selected local government areas in northern Nigeria.
In September, the World Bank plans to approve four additional loans: a $10.5 million facility to support technical assistance for the Central Bank of Nigeria, a $300 million Health Security Program targeting Western and Central Africa (Nigeria – Phase IV), a $500 million project for building resilient digital infrastructure (BRIDGE), and a $500 million loan under the Nigeria Sustainable Agricultural Value-Chains for Growth project aimed at promoting sustainable growth and job creation within key agricultural sectors.
Earlier in March 2025, the bank approved three financing requests amounting to $1.13 billion.
These funds are directed towards projects focused on enhancing quality education, boosting household and community resilience, and improving nutrition.
Among the approved loans were $80 million for the Accelerating Nutrition Results in Nigeria 2.0 project, $552 million for the HOPE for Quality Basic Education for All programme, and $500 million for the Community Action for Resilience and Economic Stimulus Programme.
In February, the Nigerian government announced expectations of new World Bank loans totalling $2.2 billion for six different projects in 2025. This follows a $1.5 billion loan disbursed in 2024 aimed at strengthening Nigeria’s economic stability and resource mobilisation efforts.
Ecobank, a pan-African financial services group, has partnered with Google Cloud in a deal to improve financial services with advanced analytics, AI and driving digital empowerment across Africa.
This collaboration will focus on leveraging Google Cloud’s advanced technologies and AI to enhance Ecobank’s digital offerings to accelerate the digital transformation of the Bank.
The partnership agreement is designed to empower individuals, support the growth of small and medium-sized enterprises (SMEs) in the region, and contribute to the overall economic development of Africa.
“Our collaboration with Google Cloud is a leap forward in Ecobank’s digital transformation journey. We look forward to leveraging Google Cloud’s world-class technology to unlock new possibilities for individuals and businesses to grow and scale across Africa,” said Jeremy Awori, group chief executive officer of Ecobank.
“This collaboration signifies our shared intent to explore building a more connected and financially inclusive future for the continent.”
Thomas Kurian, CEO, Google Cloud, stated that Google Cloud and Ecobank have a shared vision for using technology to help deliver financial empowerment to more people and businesses in Africa.
“We look forward to exploring the ways our cutting-edge AI, powerful data analytics, and scalable infrastructure can support Ecobank’s efforts to fuel the continent’s economic development and digital future.”
The collaboration aims to simplify and streamline money transfers, both domestically and across borders. By leveraging Google Cloud’s capabilities, including its powerful data analytics platform, BigQuery, for AI-driven insights, Ecobank will aim to develop solutions that improve access to finance for SMEs, simplify payment acceptance, and provide valuable data-driven insights to help businesses scale across more than 33 countries in Africa.
Stanbic IBTC Holdings Plc has announced the successful close of the N148.7 billion Rights Issue subscription exercise following the completion of the verification exercise by the Central Bank of Nigeria (CBN) and final clearance by the Securities and Exchange Commission (SEC).
Stanbic IBTC Holdings said the Rights Issue was oversubscribed by 21.9 percent, adding that the holding company has injected N140 billion into Stanbic IBTC Bank.
Kunle Adedeji, acting Chief Executive, Stanbic IBTC Holdings Plc while commenting on the just concluded rights issue programme said that “The turnout and participation of existing shareholders taking up their rights was impressive such that the rights issue was oversubscribed by 21.9percent to the tune of N181.4 billion. Our shareholders’ interest shows the confidence they continue to have in the brand,” he said.
“We appreciate the support of the Central Bank of Nigeria, The Securities and Exchange Commission, the Lead Issuing house, Joint Issuing houses and other stakeholders in the successful completion of the recapitalisation exercise.
“We are optimistic about future opportunities, as the injection of new capital will position us to take advantage of them to enable us to deliver to our shareholders. To all shareholders, we are grateful for your unwavering belief and support for the Stanbic IBTC Brand and your willingness to continue this journey with us,” Adedeji said.
Having received an injection of N140 billion from the parent company, the Chief Executive of the Banking subsidiary, Wole Adeniyi, remarked that “the injection of the new capital into the banking subsidiary is a positive development. This will enable the Bank to seize additional opportunities within the industry and enhance our Single Obligor Limit (SOL).
“We deeply appreciate the dedication and hard work of our regulators, issuing houses, and all other stakeholders. We extend our sincere gratitude for your continued support.”
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