News
Nigeria: CBN incurs N379B Anchor borrowers debt
The Central bank of Nigeria recorded a shortfall of N378.5bn in loan repayment by beneficiaries under the Anchor Borrower’s programme in six years, ...
News
Nigeria: EFCC urges banks to ‘query’ customers’ sources of income
The Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa, has urged banks in the country to investigate the sources of ...
Intelligence
Nigeria: Fintech has the potential to change the capital market – NGX
Nigeria’s financial technology companies have a huge potential to transform the capital markets and effectively build a digital economy. This was disclosed by ...
News
Nigeria: FIRS appeals court judgement on VAT, urges tax payers to maintain status quo
The Federal Inland Revenue Service(FIRS) has told taxpayers in the country to continue to pay their Value Added Tax (VAT) to it in ...
Nigeria
Nigeria: Shared mobility startup, Plentywaka raises $1.2 million seed round, acquires Stabus Ghana
Lagos and Toronto-based mobility startup Plentywaka has raised a $1.2 million seed round to scale its operations, a month after completing the Techstars Toronto ...
Nigeria
Nigeria: 25 banks’ profits drop by N482b as CBN restricts N9.5tr deposits
Twenty commercial banks and five merchant banks’ profits dropped by N482 billion in 12 months over N9.5 trillion cash restriction policy implemented by ...
Nigeria
Nigeria: Awabah accepted into Techstars London accelerator programme
Awabah, the Nigeria-based startup providing pension access to Africa’s informal sector, has been accepted into the Techstars London accelerator programme. The company broke ...
News
Sterling Bank and Founders Institute partner to connect Nigerian early-stage founders with resources and opportunity
Sterling Bank, regarded as Nigeria’s most technologically advanced financial institution has partnered with the global accelerator program, Founder Institute (FI), to connect early-stage founders in ...
News
CBN Interventions: NIRSAL MFB disburses N440B
NIRSAL Microfinance Bank (NMFB) has disbursed a total of N439.74 billion to 711,706 beneficiaries under the Agribusiness/Small and Medium Enterprises Investment Scheme (AGSMEIS) and ...
Nigeria
Nigeria: CBN pegs microfinance banks loan per transaction at N1m
The Central Bank of Nigeria (CBN) has pegged maximum loan limit for Microfinance Banks (MfBs) at N1 million per transaction. The apex bank ...