News
Nigeria: Currency in circulation falls by N42.43bn in two months
CURRENCY in circulation fell by N42.43bn between January and March, figures obtained from the Central Bank of Nigeria have revealed. The CBN revealed ...
News
Nigeria: Google to launch subsea cable in Nigeria, to increase internet speed and create 1.6million jobs
Google has revealed that its Equiano subsea cable which is being launched at different points on the African continent, is expected to launch ...
Innovation
Nigeria: MainOne expands Digital footprint with the launch of MDXi Lekki II Data Center
The new Lekki II Data Center offers open access connectivity to all the leading telecom networks in Nigeria with established presence on the ...
News
Nigeria: CBN extends interest rate forbearance by one more year
The CBN charges 9% for the loans but reduced it to 5% when the pandemic struck in 2020. The CBN has extended the ...
News
Nigeria: Zenith Bank Pays Shareholders N97.33 Bln as Dividend
Shareholders of Zenith Bank Plc, at the 31st Annual General Meeting (AGM) of the bank held on Wednesday, April 6, 2022, at the ...
News
Nigeria: CBN slams ₦800 million fines on banks for flouting cryptocurrency order
The Central Bank of Nigeria (CBN) has fined three banks for failing to comply with the directive to block customers from transacting in ...
Nigeria
Nigeria: Nigerian lending app Sycamore closes seed round to expand operations
Nigerian peer-to-peer (P2P) lending startup Sycamore has closed an undisclosed seed funding round as it looks to expand its operations. Founded in 2019 ...
Nigeria
Nigeria: Nigerian ed-tech startup Klas raises $130k angel funding round
Nigerian ed-tech startup Klas, which allows anyone to set up an online school and deliver live classes, has raised a US$130,000 angel funding ...
Innovation
Nigeria: Ziroopay Raises $11.4M, Provides POS Solutions For Retailers In Nigeria
Developer of mobile POS payment systems designed to facilitate mobile payments, Ziroopay has raised $11.4 million to scale its mobile POS solutions for ...
News
Nigeria: FCCPC to proceed with criminal prosecution of online money lenders
The Federal Competition and Consumer Protection Commission (FCCPC) has announced that due to the ongoing investigation of unregistered loan apps and harassment of ...