Nigeria
President Buhari assents to Banks, Financial Institutions’ Act
President Muhammadu Buhari has assented to the Banks and Other Financial Institutions (BOFI) Act 2020. A statement by his Senior Special Assistant on ...
Nigeria
NDIC, CBN battle safety issues in Nigeria’s fintech environment
The Nigeria Deposit Insurance Corporation (NDIC) yesterday said it will adopt financial technology (fintech) solutions and tools to modernize its data collection and ...
Nigeria
Broadband penetration hits 45 percent, says Minister
The Federal Government has announced that broadband penetration has hit a record of 45. 43 percent to drive the nation’s economy, especially the ...
Nigeria
Financial services can attract $10bn through blockchain – NITDA
The financial services sector in Nigeria has the capacity to attract about $10bn to the nation’s economy through adequate deployment of blockchain technology, ...
Nigeria
Nigerian rental financing startup Kwaba secures funding round
Nigerian startup Kwaba, which helps low and middle income earners to split their annual rent into convenient monthly installments, has raised a funding ...
Nigeria
Why solving Nigeria’s housing problem is beyond proptech startups for now
Getting an apartment in Lagos, Nigeria’s economic hub, is challenging and sometimes frustrating. “House hunting in Lagos is an extreme sport,” exclaims a ...
Nigeria
CBN releases framework for N75bn youth investment fund
The Central Bank of Nigeria (CBN) has released guidelines for implementation of the proposed N75 billion Nigeria Youth Investment Fund (NYIF). CBN, in ...
Nigeria
Nigeria records $362.84m FDI in six months
Nigeria records $362.84m Foreign Direct Investment in six months as figures from the National Bureau of Statistics released earlier in the week show ...
Nigeria
Only 9,103,653 workers have pension accounts, says PenCom
The National Pension Commission has disclosed that only 9,103,653 workers own Retirement Savings Accounts with Pension Fund Administrators as of the end of ...
Nigeria
Currency in circulation rose to N2.426tn in September – CBN
Currency in circulation rose by N56.44bn in one month from N2.369tn as of the end of August to N2.426tn as of the end ...