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Nigeria: FCMB and Mastercard Foundation partner to uplift 100,000 MSMEs in Nigeria
First City Monument Bank (FCMB), a member of FCMB Group Plc, has partnered with the Mastercard Foundation to provide subsidized loans to 100,000 ...
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Nigeria: Naira notes will be out of circulation soon, says CBN official
The Central Bank of Nigeria has said that paper currency will soon be out of circulation, urging market men and women to sign ...
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Nigeria: FIRS releases communique after its 2nd Annual National Tax Dialogue
The Federal Inland Revenue Services, FIRS, has released the communique it issued at the end of its 2nd annual tax dialogue. The dialogue ...
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Nigeria: NGX fines Royal Exchange, five others N89.6 million for default filings between 2020-2021
The Nigerian Exchange Limited (NGX) has fined six insurance firms N89.6 million for failure to file their financial statements after the regulatory due ...
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Nigeria: MoMo Payment Service Bank (MoMo PSB) Formally Commences Operations
This follows a successful pilot initiated on 16 May 2022, in commemoration of the launch of our GSM operations on 16 May 2001 ...
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Nigeria: APPZONE acquires switching license from the CBN
AppZone, Sub-Saharan Africa’s payment infrastructure company, announced that the Central Bank of Nigeria has issued the organization an approval in principle to operate ...
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Nigeria: Airtel’s SmartCash Payment Service Bank commences operations in Nigeria
Airtel Africa Plc has announced that its payment service bank subsidiary, SmartCash, has commenced operations in Nigeria. This was disclosed in a statement ...
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Nigeria’s diaspora remittances set to increase
Based on a World Bank report, remittance flows to low and middle-income countries (LMICs) are expected to increase by 4.2% this year to ...
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Nigeria: NowNow Introduces Nigeria’s First Fully Integrated NFC Wallet
African Fintech , NowNow Digital Systems Limited, has launched a first of its kind fully integrated near field communication (NFC) enabled wallet, which ...
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Nigeria: Nigeria’s Q1 trade deficit rose by 175%, hit $764m – CBN
The value of Nigeria’s international trade deficit rose by 175.13 per cent from $152.94m in January 2022 to $420.79m in March 2022, according ...