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...
By Ahmed Ayanfe Nigerians’ use of mobile channels for payment transactions has risen by 3,454.46 per cent from N136.85bn within the first four months of 2019...
African Export Import Bank (Afreximbank) has announced the disbursement of a $150 million finance facility to First Bank of Nigeria Limited, Nigeria’s premier and leading financial...
In its move to bridge the 2022 budget gap, the federal government has so far raised N2.28 trillion FGN bonds/Saving Bonds in the domestic market and...
In its efforts to recover unremitted pension in the country, Pension Commission (PenCom), Nigeria’s topmost regulator of the pension industry, has said it fined 23 employers...
By Ahmed Ayanfe Only 10,541 firms have complied with the country’s statutory laws on compliance with pension and insurance covers and have been cleared to do...
It was recently revealed that the TECNO CAMON 19 series global launch event will be held in the iconic Rockefeller center in New York City. The...
As Transaction soars 387% in 3 years Nigerians have spent a total of N923.24 billion on utility bills through electronic channels between January and April, 2022....
The Central Bank of Nigeria has reviewed operations of the NIBSS Instant Payments System (NIP) and other electronic payment options with similar features. In a circular...
Guaranty Trust Holding Company Plc (GTCO) has disclosed the receipt of the final approval of the Central Bank of Nigeria (CBN) for its wholly owned Payment Subsidiary,...