The technology arm of SystemSpecs Holdings.
Building Nigerian payment, government, and financial infrastructure since 1992.
WHO WE ARE
STSL is the technology subsidiary of SystemSpecs Holdings — the group behind Remita, HumanManager, and Whatadeal.
We design, build, and operate the systems that move money, deliver public services, and run the schemes Nigerians rely on. Our work is mostly invisible to the people it serves. That is the standard we hold it to.
STSL sits inside SystemSpecs Holdings alongside Remita, HumanManager, and Whatadeal. Each company runs its own product and operations; we share infrastructure, leadership, and a 30-year operating standard.
BY THE NUMBERS
A 30-year institution.
- Group founded1992
- Financial institutions integrated25+
- Federal MDAs served60+
- Transactions per year, group-wideNGN 6T+
TIMELINE
Three decades of Nigerian software infrastructure.
Drawn from the SystemSpecs Holdings group history; STSL is the dedicated technology arm.
1991
Registered SystemSpecs Ltd
The group is incorporated in Lagos.
1992
Commenced business
Operations begin at 241 Igbosere Street, operating as a reseller of SunSystems ERP.
1993
Proprietary software begins
In-house development starts with SpecPay, SpecMan, and SpecPen.
1994
New HQ on Lewis Street
Group moves to a Y3K headquarters on Lewis Street under a 50-year property lease.
1998
African Agent of the Year
Recognised as African Agent of the Year under the SunSystems partnership.
2000
HumanManager is born
Y2K-compliant product line ships; SpecPay, SpecMan, and SpecPen merge to form HumanManager (HM).
2002
KPMG appointed as auditors
Group brings on KPMG to audit the books.
2006
Remita launches
Remita launches as the group’s payments and collections platform; SystemSpecs is featured as a Lagos Business School case study.
2007
Dr Christopher Kolade chairs the board
Dr Christopher Kolade is appointed Chairman of the Board.
2010
HumanManager Ghana
HumanManager launches in Ghana.
2011
HumanManager Zimbabwe
HumanManager launches in Zimbabwe.
2013
HumanManager Rwanda
HumanManager launches in Rwanda.
2015
NIBSS NAPS + Stanford SEED
Group deploys the NIBSS Automated Payment System (NAPS); SystemSpecs is selected for Stanford SEED.
2017
Proprietary-only + Remita Mobile
Reseller agreement with SunSystems ends; group focuses on proprietary products and launches the Remita Mobile App.
2019
Partnership with CyberSource
Group enters payments partnership with CyberSource.
2020
New HQ at Plot B22 Oniru
Group relocates to a new headquarters at Plot B22, Oniru, Lagos.
2021
Holdings restructure
SystemSpecs Holdings Limited is formed, with Remita Payment Services Limited and SystemSpecs Technology Services Limited as subsidiaries.
2022
Tier-1 PSP licence + eNaira
Group obtains Tier-1 Payment Service Provider licence; partners with the CBN on eNaira; HumanManager Limited and SystemSpecs Geelaa Limited incorporated; Dr Ernest Ndukwe appointed Chairman.
2023
Remita Agency Business launches
Group launches the Remita Agency Business.
COMMUNITY
Programmes we run alongside the work.
Two long-running programmes sit alongside the technology work: a Children’s Day Essay Competition that has run for over a decade, and an internship and graduate programme that has trained engineers now working across Nigerian fintech.
Children’s Day Essay Competition
An annual essay competition for Nigerian secondary school students, run continuously since 2008.
Learn moreInternship and graduate programme
A structured engineering internship that has placed graduates into product, platform, and operations teams across the group.
Learn more