Cryptocurrency insurance company, Evertas is now insured to cover policies of up to $420 million from its previous limit of just $5 million, Reuters reported. London-based...
First Bank has said its profit before tax rose by 12.4 per cent to N147.0bn as of the end of 2022, from N130.9bn in the corresponding...
By Kaliba Bilala “Most large complex financial institutions are global—at least in life if not in death.” – Mervyn King When banks ran into trouble during...
The Board of Directors of the African Development Bank Group (AfDB) has approved an equity investment of $20 million in the Africa50 Infrastructure Acceleration Fund I in...
The insurance industry has an important role to play in addressing food security in Africa and should be seen as an integral part of the agricultural...
By Christy Animam The National Pension Commission (PenCom) has sanctioned some employers in the country with N12.1 billion fine for their failure to remit their employees’...
To further diversify its debt profile, Africa Finance Corporation (AFC), the leading infrastructure solutions provider on the continent, has secured a $625 million syndicated loan with new lenders...
The Nigerian Naira experienced a significant decline against the US Dollar in the black market, settling at an average exchange rate of N760/$1 on Monday, May...
By Rosemary Iwuala M-KOPA, a leading fintech platform, today announced that it had successfully closed over $250m in new debt and equity funding to expand its...
Telecommunications companies in Nigeria said they have received approval from the Nigerian Communications Commission (NCC) to disconnect Deposit Money Banks (DMBs) from using Unstructured Supplementary Service...
Source: Bank of England Monetary Policy Summary, May 2023 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target,...
By CSL Research Team According to newspaper reports, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, stated that foreign exchange repatriation into Nigeria...
By Victor Irechukwu, Head of Engineering, OnePipe Waving your hand to pay after shopping at a store, or simply placing your mobile phone on the checkout...
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says the volume of transactions through e-payment channels between 2017 and 2021 increased by 836 per...
By Rosemary Iwuala Nomba, a leading payment service provider for African businesses, has raised a $30 million Pre-Series B funding round to support the delivery of...
Telecoms giant, MTN Nigeria, has disclosed its unaudited financial report for the first quarter of 2023 in which it set new records across its key performance...
The Senate has indicted the Bank of Agriculture (BoI) in Kaduna over N3.2 billion loan disbursed to ten vendors to purchase tractors and other equipment for...
By Rosemary Iwuala The Central Bank of Nigeria (CBN) has assured Nigerians of safety of their money in banks through operation of the e-naira. The CBN...
After a one-week breather, Nigeria’s foreign exchange (forex) reserves reversed to its recent negative trend, dropping by $79.77 million to close weekend at a new low of...
By Marina Bolfan, Senior Customer Growth Executive at Infobip Nigeria Nigeria’s banking sector is becoming increasingly more competitive. This is especially the case within the digital...