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Explosion in electronic payments powers fintech boom in Nigeria

Explosion in electronic payments powers fintech boom in Nigeria
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Lagos luxury property: No matter how bad the economy, they buy

Lagos luxury property: No matter how bad the economy, they buy
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Why the kidnapping industry is thriving business in Nigeria

by Neil Munshi in Ede, Osun state Ayo and his wife left their friends’ house in Akure early. They had received a warning that bandits had attacked somewhere along the two-hour stretch of rural highway home, and they wanted to get there before dark. Just over an hour into the drive through southwestern Nigeria, they crossed a police checkpoint where officers and vigilantes milled around the site of the earlier attack. They drove a few minutes further along the road before two cars ahead of them began to slow down. Around 15 young men emerged from the bush, spaced around 10 feet apart in a long line down the highway, shooting pump-action rifles into the air and screaming at the motorists.

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