Digital banking software in Nigeria
Sika is core banking and payments infrastructure built for Nigerian microfinance banks, fintechs, and cooperatives. A white-label core banking platform with a real double-entry ledger, NIN KYC, digital lending, and mobile money. Ghana is our launch market. We open each new country when an anchor institution is ready to go live there.
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’s ledger is idempotent and holds under high transaction volume, and its payment layer is built so each new rail plugs in per country.
KYC in Nigeria centres on the NIN and BVN. Sika’s national-ID layer is pluggable per country, so a Nigerian deployment can verify NINs the same way a Ghanaian one verifies the Ghana Card. The platform is built for more than one country from day one.
Central Bank of Nigeria (CBN)
Sika already runs tiered KYC, AML and sanctions screening, maker-checker segregation of duties, immutable audit logs, and reporting. Before going live in Nigeria, we confirm the full CBN requirements with our first partner institution.
- 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
Help decide where Sika goes next
Ghana is our launch market. Register your interest to bring Sika to your Nigerian bank, MFI, or SACCO.
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 Banking Infrastructure is a white-label core banking platform built for markets like Nigeria: a double-entry ledger made for high transfer volume, national-ID KYC, and digital lending. Sika is live in Ghana first. We open Nigeria when an anchor institution is ready to go live there.
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. There is no multi-year licence or heavy upfront implementation cost. Pricing for Nigeria is quoted in naira when the market opens.
Will Sika meet Central Bank of Nigeria (CBN) requirements?
Sika already runs the controls regulated institutions expect: tiered KYC, AML and sanctions screening, maker-checker segregation of duties, audit trails, and reporting. Before we go live in Nigeria, we confirm the full CBN requirements, including NIN and BVN checks and the payment rails, with our first partner institution. Licensing remains the institution’s responsibility.
When is Sika available in Nigeria?
Ghana is our launch market. We open each new country when an anchor institution is ready to go live there. Sika is already built to adapt: currency, phone formats, national-ID verification, and payment rails plug in per country. Register your interest to help decide where Sika goes next.
Launch your institution on Sika
From application to your own branded core banking, live in weeks, not years.