The Central Bank of Nigeria (CBN) has launched the *997# USSD code in Kano to reduce the use of cash in commercial activities. In the event...
President Muhammadu Buhari, Vice President Yemi Osinbajo and the Governor of the Central Bank of Nigeria, Godwin Emefiele have been lined up to speak at the...
According to the latest Enhancing Financial Innovation and Access (EFINA) report, 21.3m Nigerian Women suffer financial exclusion. The report focused on “Women Economic Empowerment” derived from the...
By FBNQuest Analysts Our chart today, drawn from data from the CBN shows that Nigeria’s gross external reserves increased marginally by $64m to $39.2bn in July....
First Bank of Nigeria Limited has announced its commemoration of the 2022 International Youth Day, globally celebrated today, 12 August 2022 and themed “Intergenerational solidarity: Creating...
The Federal Government is set to make a total of N483.73bn in three years from electronic payment boom by way of the Electronic Money Transfer Levy....
Nigeria’s highest investment regulator, The Security and Exchange Commission (SEC) has read the riot act to the investing public to desist from investing with Unregistered Crowdfunding...
NOVA Merchant Bank, a leading merchant bank in Nigeria has announced the appointment of two independent non-executive directors and one non-executive director as it elevates about 20% of its workforce to...
The Central Bank of Nigeria (CBN) has commended Remita, Nigeria’s leading fintech platform, for pioneering the usage of eNaira for payment transactions. The Remita eNaira initiative...
The Central Bank of Nigeria (CBN) has threatened to arrest Nigerians who withdraw naira denominations from their bank accounts, use same to buy dollars and then...
Highlights Hike signals CBN panicking Poverty may worsen Inflation remains unabated Stock market to suffer ripples After the Central Bank of Nigeria (CBN) on Tuesday jacked...
First Bank of Nigeria Limited has launched FirstGem fund (FirstGem loan), a single-digit loan scheme, exclusively designed to put women at an advantage in contributing to...
African Export-Import Bank has signed a financing deal with UTM Offshore Limited at its 29th Annual Meetings in Cairo, Egypt recently. As part of the new...
The regulator of the insurance industry, the National Insurance Commission (NAICOM), has cancelled the certificates of registration of Niger Insurance Plc and Standard Alliance Insurance Plc....
MTN Communications Limited’s newly licensed Mobile Money Payment Service Bank Limited (MOMO PSB) has alleged a fraudulent loss of N22 billion in one month of operations....
The federal, state, and local governments shared a total of N680.783bn as federation allocation for the month of May 2022. The sharing agreement was reached at...
By Umar Suleiman As smartphones and internet technologies become increasingly accessible in Africa, the continent has become a lucrative market for the eCommerce industry as players...
Leading Banking as a Service (BaaS) enabler, OnePipe today announced the winners of its inaugural Writing Challenge, capping up a three-month process that began in March...
MFS Africa, the largest digital payments network in Africa, has raised an additional $100 million in debt and equity for its Series C, just six months...
The licensing of non-interest banks (NIBs) and non-interest banking windows (NIBWs) of deposit money banks (DMBs) by the Central Bank of Nigeria (CBN) necessitated the formulation...