News
Nigeria: ProvidusBank, Mastercard, Interswitch and Thales launch contactless Tap-to-Pay transactions via smart devices in Nigeria
In a move to further reduce dependency on cash transactions, stimulate innovation and drive the growth of digital payments in Nigeria, ProvidusBank together with Mastercard, Interswitch and Thales Group, ...
News
Fidelity Bank to Raise Capital via Private Placement
Fidelity Bank Plc (Ticker: FIDELITYBK) has signalled interest in issuing private placement as part of an effort to strengthen the tier-2 capital lender’s ...
Nigeria
NIN-SIM linkage pushes inactive mobile lines to 98.8 million in July 2022
A total of 98.8 million mobile lines connected to the networks of MTN, Glo, Airtel, and 9mobile have become inactive as of July ...
News
Nigeria: CBN moves against defaulting Anchor Borrowers
The Central Bank of Nigeria (CBN) has moved against beneficiaries of its Anchor Borrowers Programme who have failed to pay back their loans. ...
News
Nigeria: Banks’ Total Asset Grew By 22.07 Percent to N65trn in June – CBN
The Deputy Governor, Financial System Stability Directorate of the Central Bank of Nigeria (CBN), Mrs. Aisha Ahmad and the Deputy Governor, Economic Policy ...
Nigeria
Nigeria: PenCom Revises Regulation on Retirement, Terminal Benefits (II)
As reported on this page last week, the National Pension Commission (PenCom) recently issued a revised Regulation on Retirement and Terminal Benefits for ...
News
Nigeria: CBN Should Prioritize Making Forex Available to Manufacturers
The Manufacturers Association of Nigeria (MAN) has called on the Central Bank of Nigeria to prioritize the allocation of forex to the nation’s manufacturing sector. ...
News
Nigeria: Central Bank MPC members express concern over Nigeria’s rising inflation rate
Last month, the CBN monetary policy committee unanimously voted to increase the benchmark interest rate from 13 percent to 14 percent, to address ...
News
Nigeria: Tribunal orders MultiChoice to produce audited financial report
MultiChoice had disregarded a restraining order of the tribunal, going ahead to hike the tariffs of its products and services. The Competition and ...
News
Nigeria: Customers pay N92.2bn for N4.61tn PoS transactions
BANK customers may have spent N92.2bn to use Point of Sale terminals in the first seven months of 2022. According to data from ...