Nigeria
Nigeria: External Reserves Dip as CBN Intensifies Naira Defense
Nigeria’s gross external reserves have witnessed a consistent decline in 2025, impacted by reduced US dollar inflows and sustained foreign exchange (FX) interventions ...
Nigeria
Nigeria: PenCom Implements BVN Mandate for RSA Registration and Data Recapture Starting February 1, 2025
The National Pension Commission (PenCom) has announced a new directive requiring the mandatory inclusion of Bank Verification Numbers (BVN) for all Retirement Savings ...
Nigeria
Nigeria Aims for $79 Billion in Exports Through AfCFTA Framework
Nigeria has set its sights on unlocking an export market worth up to $79 billion by leveraging the African Continental Free Trade Area ...
Nigeria
US, Nigeria Export-Import Banks Sign MoU to Strengthen Trade
The Export-Import Bank of the United States (EXIM) and the Nigerian Export-Import Bank (NEXIM) have signed a landmark memorandum of understanding (MoU) aimed ...
Nigeria
Nigeria: FAAC Revenue Drops by ₦303 Billion in December
The Federal Government, states, and local government councils shared ₦1.424 trillion as revenue for December 2024, marking a notable decline of ₦303 billion, ...
News
Nigeria: Interbank Rates Drop as Banking System Liquidity Deficit Eases
The liquidity deficit in Nigeria’s banking system moderated significantly, closing at ₦190.50 billion on Thursday, down from ₦249.3 billion reported earlier in the ...
Nigeria
Nigeria: FG Targets N1.8tn from Bond Market in Q1 2025
The Federal Government aims to generate N1.8tn from the bond market in the first quarter of 2025, as revealed by the Debt Management ...
Innovation
Nigeria: CBN Launches Digital Initiatives to Transform Financial Transactions
The Central Bank of Nigeria (CBN) has introduced two groundbreaking digital initiatives: the Document Flow (DocFlow) System and the Ministries, Departments, and Agencies ...
Fintech
Global: LemFi Raises $53M to Expand Cross-Border Remittance Services Across Europe
Nigerian fintech company LemFi has secured $53 million in a funding round led by Left Lane Capital, with participation from Y Combinator, Palm ...
Ghana
Ghanaian Banks’ Prospects Strengthen as Sovereign Restructuring Nears Completion
The Ghanaian banking sector is experiencing brighter prospects as solvency improves following the sovereign default, alongside reduced pressures from the operating environment. These ...