Nigeria
E-Settlement acquires QuickCash for undisclosed amount
The deal will extend E-SL’s payment service offering, enabling the company attain its goal to expand its footprint across Africa Nigeria-based fintech group, ...
Intelligence
Nigerian banks closed 234 branches, 649 ATMs — IMF
The International Monetary Fund, IMF, yesterday, said that Nigerian banks closed 234 branches and 649 Automated Teller Machines, ATMs, in 2020 leading to ...
News
Nigeria: DBN Disburses N190bn To 7,000 SMEs
The Development Bank of Nigeria (DBN) disbursed N190 billion to 7000 Small and Medium Enterprises (SMEs) in 2020 alone, the bank’s Executive Director/Chief ...
Nigeria
YC-backed Nigerian fintech Lemonade Finance raises $725k pre-seed funding round
The Y Combinator-backed Nigerian fintech startup Lemonade Finance has raised a US$725,000 pre-seed funding round to help it scale. A participant in Y Combinator’s ...
News
Nigeria: SEC assures Lagos Free Zone of regulatory support
The Director-General of the Securities and Exchange Commission, Mr Lamido Yuguda, has commended the efforts of the management of the Lagos Free Zone ...
Nigeria
Nigeria: Banks To Start Auto-debiting Accounts Of Chronic Debtors – CBN Reveals
The Central Bank of Nigeria, CBN has revealed that money lending institutions will start auto-debiting bank accounts of chronic debtors. A statement issued ...
News
Nigerian’s Banking Sector Has Contributed Immensely to the Development of the Country – Okonjo-Iweala
The Director General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has applauded the stability of the Nigerian banking sector citing it ...
News
Nigeria: Zenith Bank Surmounts Headwinds, Posts N180bn Profit Before Tax in Q3
As a testament to its resilience and market leadership, Zenith Bank Plc has announced its unaudited results for the nine months period ended ...
News
Nigeria: CBN Unveils Criteria to Pick Firms for ‘100 for 100 PPP’ Initiative
The Central Bank of Nigeria (CBN) has released its selection criteria for private sector companies’ participation under its’ “100 for 100 Policy on ...
Intelligence
Nigeria’s 24.2% Adoption Rating Is the Highest Rate of Crypto Ownership Globally – Finder Survey
According to the latest Finder Cryptocurrency Adoption Index, in October 2021, Nigeria had the highest rate of cryptocurrency ownership globally, at 24.2%. Bitcoin ...