Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said about $2.4 billion out of the reported $7 billion outstanding foreign exchange liabilities of...
Amid stakeholders’ rejection of the N1,356.883 exchange rate, the Central Bank of Nigeria (CBN) on Saturday readjusted the exchange rate on the Customs platform to N1,413.62/$1....
Zenith Bank, West Africa’s largest financial services provider, Ibom Air and Airbus celebrated the successful closure of the commercial financing for Ibom Air’s first A220 delivered...
The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMBs) to sell their excess dollar stock latest February 1, 2024, as part of moves...
In today’s world of e-commerce, the right financial tool can gravitate from the more technical accounting software and payroll management tool to the less complicated but...
The Central Bank of Nigeria (CBN) has released $500 million to various sectors as part of its determination to address the backlog of verified foreign exchange...
To prevent exposure to frauds and financial loses, OPay has introduced USSD codes its users could use to keep their accounts safe and secured in the...
In compliance with the directive of the Central Bank of Nigeria (CBN), mobile payment operator, OPay, has said it would block all customers’ accounts not connected...
Leading the charge in Africa’s digital payment and commerce sector, Interswitch has announced a pivotal collaboration with OPay through its Interswitch Payment Gateway (IPG). This integration...
Leading fintech company PalmPay has rewarded thousands of its point of sale (POS) agents under its agency banking platform with N200 million worth of cashback in...
Ahead of the January 31, 2024 deadline by the Central Bank of Nigeria (CBN) for existing users of fintech companies to upgrade their wallets, leading fintech...
Foreign Direct Investments into Nigeria declined by $470.8m in the last five years, findings have shown. This followed analyses of different Capital Importation reports published by...
As the holiday shopping frenzy reaches a crescendo ahead of December 25th, many shoppers will struggle to find retail outlets that offer “the best shopping experience,”...
Diaspora remittance inflows from Nigerians living in other countries around the world amounted to $125.169 billion in the six-year period spanning 2016 to 2021. This is...
After touching one of the lowest levels in recent times last Friday, the Nigerian Naira opened the week with a 21.4 per cent or N256.76 gain...
By PalmPay Team One of the factors limiting financial inclusion among the unbanked is the perception that banks are not safe to store money. This concern...
Banks have been asked to disconnect Switches, Payment Solution Service Providers, and Super Agents from the Nigeria Inter-Bank Settlement System Instant Payment (NIP) Outwards System. The...
Leading fintech company, PalmPay, is rewarding its users for their saving habits in a new savings promotion geared towards driving financial literacy. The savings challenge will...
Ecobank, the leading pan-African banking group, and the African Guarantee Fund (AGF), a specialized pan-African guarantee provider, have joined forces in a groundbreaking $200 million risk-sharing...
The Central Bank of Nigeria (CBN) has stated that the old N200, N500, and N1,000 banknote designs will continue to remain legal tender, ad infinitum. The...