News
Nigeria: Interbank Rates Decline as FAAC Credit Boosts Banking System Liquidity
Interbank rates have dropped as liquidity pressures in the money market eased, driven by inflows from the Federal Accounts Allocation Committee (FAAC). Despite ...
Nigeria
Nigeria: FG Allocates N22 Billion for Accrued Pension Payments
The Federal Government, through the Office of the Accountant General of the Federation (OAGF), has disbursed N22 billion to address outstanding accrued pension ...
News
Nigeria: FG Justifies Tariff Hike Amid Legal Challenges from SERAP and Subscribers
The Federal Government, through the Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, has defended the recent 50% tariff hike for telecom ...
News
Nigeria: NCC Approves 10-Year Renewal for MTN’s 800MHz Spectrum License
MTN Nigeria Communications Plc has announced the approval by the Nigerian Communications Commission (NCC) for a 10-year renewal of its first 800MHz spectrum ...
News
Nigeria: MTN Boosts Stock Market Amid 50% Telecom Tariff Hike
MTN Nigeria Plc played a pivotal role in lifting the Nigerian stock market, as its shares contributed significantly to a 0.8% rise in ...
Fintech
Nigeria: Waza Launches Lync to Empower African Startups with Seamless Cross-Border Payment Solutions
Waza, a Y Combinator-backed B2B payments startup, is leveraging its $8 million funding to launch Lync, a groundbreaking banking product aimed at transforming ...
Fintech
Nigeria: PiggyVest Disburses ₦835 Billion to Users in 2024, Gears Up for a Major 2025 with Budgeting Tools
PiggyVest, a leading Nigerian fintech platform, celebrated a standout year in 2024, cementing its position as a dominant force in the digital savings ...
Nigeria
Nigeria: CBN to Accelerate Reforms in 2025, Aiming for a $1 Trillion Economy
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed the bank’s commitment to further advancing reforms in critical areas ...
Nigeria
Nigeria: BVN Enrollments Increase by 2.1% to Reach 64.8 Million — NIBSS
The number of Bank Verification Number (BVN) enrollments in Nigeria has seen a 2.1% increase, rising by 1.33 million to reach 64.8 million ...
Nigeria
Nigeria: FG Aims to Boost ICT Contribution to GDP to 21%
The Federal Government of Nigeria has announced plans to increase the Information and Communications Technology (ICT) sector’s contribution to the nation’s Gross Domestic ...