Digital banking software in Nigeria
Sika is core banking and payments infrastructure for Nigerian microfinance banks, fintechs, and cooperatives — built to scale. A white-label core banking platform with a real double-entry ledger, NIN KYC, digital lending, and OPay — so Nigerian institutions launch a compliant bank in weeks, not years.
Built for the Nigerian market
Nigeria is Africa’s largest financial-services market, and the Central Bank of Nigeria licenses a broad set of institutions: commercial banks, microfinance banks, payment service banks, and mobile-money operators. Each carries distinct capital and reporting rules that a core platform must accommodate.
Payments in Nigeria are dominated by instant bank transfers (NIP) and a fast-growing agent-banking layer via OPay, PalmPay, Moniepoint, and Paga. Sika treats card, transfer, and wallet rails as first-class, with an idempotent ledger that holds under high transaction volume.
KYC in Nigeria centres on the NIN and BVN. Sika’s national-ID layer is pluggable per country, so a Nigerian deployment verifies NINs the same clean way a Ghanaian one verifies the Ghana Card — the platform is already architected for multi-country expansion.
Central Bank of Nigeria (CBN)
Sika ships the technical controls CBN-regulated institutions need — tiered KYC, AML and sanctions screening, maker-checker segregation of duties, immutable audit logs, and reporting.
- Commercial bank
- Microfinance bank (MFB)
- Payment service bank (PSB)
- Finance company
- Mobile money operator
Payment rails in Nigeria
Mobile money, card, and bank transfer are first-class rails, posting to an idempotent, conserving ledger so balances never drift.
- OPay
- PalmPay
- Moniepoint
- Paga
Run a compliant institution in Nigeria
Apply to launch your Nigerian bank, MFI, or SACCO on Sika.
Everything a Nigerian institution needs
One platform for retail banking, commercial banking, digital lending, mobile money, KYC/AML, and fraud — on a single audited core banking ledger.
Core banking ledger
Double-entry, idempotent, atomic money movement with reconciliation.
Tiered KYC & e-KYC
NIN (National Identification Number) verification, AML and sanctions screening.
Digital lending
Origination, maker-checker underwriting, repayment schedules.
Mobile money
Collection & reconciliation across OPay, PalmPay, Moniepoint, Paga.
Savings & current accounts
Retail and commercial deposit products, standing orders.
Fraud, audit & compliance
Velocity rules, immutable audit logs, regulator reporting.
Who runs on Sika in Nigeria
Transparent pricing in Nigeria
Subscription pricing quoted for the Nigerian market, with a Launch tier for small institutions up to enterprise deployments. No multi-year licence. See full pricing.
Digital banking in Nigeria: FAQ
What is the best core banking platform for a microfinance bank in Nigeria?
Sika Digital Infrastructure is a white-label core banking platform architected for the Nigerian market: a double-entry ledger built for high transfer volume, NIN-based KYC, digital lending, and support for OPay, PalmPay, Moniepoint, and Paga rails. It lets CBN-licensed microfinance banks and fintechs launch in weeks.
How much does banking software cost in Nigeria?
Sika uses transparent monthly subscription pricing with modular add-ons, from a Launch tier for small institutions up to enterprise deployments — no multi-year licence or heavy upfront implementation cost. Pricing is quoted in local terms for each market.
Is Sika compliant with Central Bank of Nigeria (CBN) requirements?
Sika provides the technical controls CBN-regulated institutions need: tiered KYC (NIN/BVN), AML and sanctions screening, maker-checker segregation of duties, audit trails, and reporting. Licensing remains the institution’s responsibility; Sika is the compliant infrastructure.
When is Sika available in Nigeria?
Sika’s platform is architected for Nigeria — currency, phone formats, national-ID verification, and payment rails are country-pluggable — and we onboard design-partner institutions market by market. Apply to be an early Nigerian partner.
Launch your institution on Sika
From application to a live, compliant bank in weeks, not years.