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Mathesis Analytics secures Investment to scale AI-Powered Credit Infrastructure across Nigeria 

Mathesis Analytics, a leading Nigerian financial technology company specialising in AI-powered credit decisioning infrastructure, has announced an investment from institutional investor First Ally Capital. 

The capital injection will directly support the growth and scaling of Mathesis' core mission: providing the intelligence and infrastructure needed to bridge the credit gap for millions of unscored or underscored individuals across Nigeria. 

With this investment, Mathesis will further expand its proprietary credit decisioning infrastructure. The technology enables financial institutions to confidently assess and extend credit to borrowers who lack a formal credit history by leveraging an expanded pool of alternative behavioural and transactional data. 

In Africa's largest economy, a significant barrier to credit access is data fragmentation. Borrowers frequently build positive financial behaviours across multiple digital platforms by repaying microfinance loans, saving through fintech wallets, or servicing Buy Now, Pay Later (BNPL) facilities. However, under traditional credit infrastructure, these achievements remain invisible to new lenders. Mathesis addresses this challenge through the concept of Personal Equity—the quantified expression of an individual's financial behaviour aggregated across every institution with which they have transacted. By translating these disparate signals into a precise, portable measure of creditworthiness, Mathesis creates a comprehensive credit identity that reflects the full breadth of a person's financial life. 

"True financial inclusion cannot be achieved in a vacuum; it requires structural collaboration in which lenders and fintech companies work as partners within the ecosystem," said Winston Osuchukwu, Founder and CEO of Mathesis Analytics. "This investment from First Ally Capital validates our approach to reshaping credit infrastructure. By quantifying 'Personal Equity,' we empower lenders to safely look beyond the constraints of formal credit histories and recognise a borrower's true creditworthiness. This capital enables us to accelerate our pan-African expansion while maintaining the robust, institutional-grade infrastructure our partners rely on." 

First Ally Capital, a leading financial services group with more than a decade of operations, is dedicated to delivering innovative, tailored financial solutions to individual, SME and institutional clients. The company combines cutting-edge technology, forward-thinking strategies, and deep market expertise to help clients navigate complex financial landscapes.

Speaking on the investment in Mathesis Analytics, Ebenezer Olufowose, Managing Director and CEO of First Ally Capital, said: "At First Ally Capital, we pride ourselves on being a one-stop destination for financial solutions, offering a diverse portfolio of services ranging from investment banking and asset management to trusteeship, inclusive banking, and real estate. Our investment in Mathesis Analytics reflects our strong belief in the company's vision and our commitment to supporting forward-thinking enterprises that deliver excellence."   

Financial institutions can seamlessly adopt Mathesis' infrastructure in two ways: as an Intelligence Layer, which integrates directly via APIs as an analytical plugin to enhance existing software, or as a turnkey platform that provides a complete end-to-end lending infrastructure.  

To date, Mathesis' systems have supported more than 8 million loans for over 2 million unique borrowers in Nigeria, and the company is actively deploying its infrastructure to establish a growing pan-African footprint. With the investment from First Ally Capital, Mathesis is well positioned to transform how the credit ecosystem operates, driving financial inclusion in partnership with lenders across the continent.

PRESS RELEASE

Mathesis Analytics secures Investment to scale AI-Powered Credit Infrastructure across Nigeria 
Economy
16-Jul-2026

Tinubu on Nigeria's Economy: Yes, Reforms are difficult, some Issues require taking Bitter Medicine but it is working well

President Bola Tinubu has sought stronger partnership with Deloitte Africa to boost investments, youth training and job creation, saying his administration’s  reforms were laying a solid foundation for sustainable growth.

Tinubu made the call while receiving a delegation from Deloitte Africa, led by its Chief Executive Officer (CEO), Ruwayda Redfearn, at the Presidential Villa, Abuja.

This is contained in a statement by Presidential Spokesperson, Bayo Onanuga in Abuja.

The president said the administration’s fiscal, revenue and financial sector reforms had steadily stabilised the economy and positioned Nigeria for sustainable growth and global competitiveness.

“Yes, reforms are difficult. Some issues require taking bitter medicine but it is working well. Nigeria is making serious foundational progress,” Tinubu said.

He said the reforms had strengthened public finances, repositioned financial institutions and created the conditions for long-term economic development.

The President urged Deloitte Africa to deepen its engagement in Nigeria by expanding youth training programmes and creating employment opportunities.

“Deloitte has a good training programme, and I believe you will continue to reflect that by training and recruiting our dynamic youth population,” he said.

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, urged the firm to support government efforts to build the capacity of young Nigerians.

Redfearn said Deloitte, with more than 500,000 employees globally, including over 6,000 in Africa, was committed to supporting Nigeria’s economic transformation.

“We are before you to say that we want to serve. We have a local team on the ground, as well as the global firm, ready to support your administration,” she said.

She said Deloitte generated 74 billion dollars in revenue in 2025,  and remained focused on digital and business transformation across the world.

The Chief Executive Officer of Deloitte Africa, Yomi Olugbenro, also reaffirmed the firm’s commitment to supporting the implementation of the administration’s reforms.

“We believe the foundation has been solidly laid. The bigger task now is to ensure the dividends of the reforms reach ordinary Nigerians,” he said.

Olugbenro said Deloitte would leverage its global experience and expertise to support Nigeria in maximising  benefits of the ongoing reforms.

Credit NAN: Texts excluding Headline

Tinubu on Nigeria's Economy: Yes, Reforms are difficult, some Issues require taking Bitter Medicine but it is working well
Economy
16-Jul-2026

Stakeholders okay NCC’s Proposed Zero-Rated Access to Educational Platforms

Stakeholders drawn from government, industry, international development organisations and the private sector have expressed strong support for the Nigerian Communications Commission’s (NCC) initiative to provide zero-rated access to educational platforms and digital learning content for students and learners across Nigeria.

The endorsement was made during the first public consultation forum on the proposed framework titled “Zero-Rated Access to Educational Platforms and Content in Nigeria,” held by the Commission in Abuja on Tuesday.

Participants described the initiative as a significant step towards promoting not only connectivity, but also equitable access to education and digital inclusion across the country.

Stakeholders at the forum included representatives of the Federal Ministry of Communications, Innovation and Digital Economy, the Federal Ministry of Education, the United Nations Educational, Scientific and Cultural Organization (UNESCO), the Association of Licensed Telecommunications Operators of Nigeria (ALTON), the Nigerian Governors’ Forum (NGF), and uLesson Group, among others.

During the deliberations, participants emphasised the importance of stronger collaboration among stakeholders, as well as sustained investments in network expansion and infrastructure upgrades by telecommunications operators and Internet Service Providers (ISPs).

They noted that reliable and affordable internet connectivity remains essential for the successful implementation and sustainability of zero-rated educational services.

In his opening remarks, the Executive Vice Chairman and Chief Executive Officer of the NCC, Aminu Maida, disclosed that the Industry Committee established to develop the initiative had carefully examined its technical, policy, regulatory and commercial dimensions.

He explained that the committee subsequently developed a consultation paper to facilitate stakeholder engagement and gather public input on the proposed framework.

Represented by the NCC's Director, Policy, Competition and Economic Analysis Department, Ayuba Shuaibu, Maida stressed that broad-based stakeholder participation was critical to developing a framework that reflects industry realities while advancing national educational objectives.

He stated that the framework must be informed by the perspectives of network operators, educational institutions, content providers, government agencies, development partners, civil society organisations, students, teachers and the wider public who stand to benefit from improved access to digital learning opportunities.

According to him, collaboration is important in ensuring that the framework adequately balances educational needs with regulatory effectiveness, transparency, fairness and long-term sustainability.

Maida noted that the consultation forum forms part of the Commission’s commitment to promoting digital inclusion and expanding access to education through technology.

He explained that the engagement brought together stakeholders from the communications, education, technology and development sectors to deliberate on practical measures for facilitating access to accredited educational platforms and content at no data cost or through specially supported access arrangements.

The EVC added that the initiative is designed to reduce digital and connectivity barriers to learning while expanding access to educational resources, particularly for students and other learners across the country.

“The initiative also forms part of the Commission’s broader efforts to leverage technology in advancing national educational objectives and promoting inclusive digital participation,” Maida said.

The forum provided stakeholders with an opportunity to review the objectives of the Zero-Rated Access Initiative, examine the proposed implementation framework, and contribute technical, legal, regulatory, competition, commercial and operational perspectives necessary for its successful implementation.

Discussions focused on key issues such as implementation approaches, eligibility criteria for educational platforms and content, governance mechanisms, consumer protection safeguards, operational requirements, and principles for identifying accredited educational resources that may qualify for zero-rated access. Stakeholders also offered recommendations aimed at strengthening the framework and ensuring its long-term viability.

The Commission noted that submissions and recommendations received from stakeholders during the consultation will play a vital role in refining the proposed framework and developing an effective roadmap for implementation.

According to Maida, the initiative is expected to contribute significantly to national efforts aimed at expanding educational opportunities, enhancing digital literacy and harnessing technology to drive socio-economic development across Nigeria.

Credit NCC PR

Stakeholders okay NCC’s Proposed Zero-Rated Access to Educational Platforms
Economy
16-Jul-2026

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