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By Tayo Ogungbenro Digital economy no longer needs introduction. We will therefore not be spending time trying to define neither the term, scope nor coverage. But its pervasiveness and disruption of established business norm is no more demonstrated by the recent valuation of Paystack, a fintech company in Nigeria, with less than ten-year track record. Stripes, a US-based major investor in the payment technology industry recently paid a whooping US$200m (approximately N76 billion at current official exchange rate) to acquire the company. The value of a relatively unknown company set up by young graduates was more than the combined net asset value of at least three non-first tier banks in Nigeria, each of which has been in existence for more than three decades.

United statesSouth africaNigeria generalZainab shamsuna ahmedVictor adegiteElizabeth olaghereTayo ogungbenroResident companies nrcsAdvisory servicesCentral bankNational planningRegulatory people services divisionUnited nationsOrganization for economic cooperationSignificant economicCompanies income tax