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...
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...