Nigeria
Nigeria: NDIC Reassures Nigerians of Bank Stability and Security
The Nigeria Deposit Insurance Corporation (NDIC) has assured Nigerians of the stability, security, and health of the nation’s deposit money banks, encouraging citizens ...
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Nigeria: PalmPay Wins Financial Inclusion Award at BrandCom 2024
Fintech platform PalmPay has been awarded the “Most Outstanding Fintech Driving Financial Inclusion” at the BrandCom Awards 2024, an accolade presented by Brand ...
Nigeria
Nigeria: Africhange’s Currenzo Secures CBN’s IMTO License to Facilitate Remittances for Nigerians
Africhange, through its remittance platform Currenzo, has secured an International Money Transfer Operator (IMTO) license from the Central Bank of Nigeria (CBN), marking ...
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Nigeria: MTN Nigeria Strengthens Fintech Presence with Application for New Licenses for MoMo PSB
MTN Nigeria, a leading player in the telecommunications sector, is intensifying its commitment to fintech expansion through its mobile money subsidiary, MoMo Payment ...
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Nigeria: Moniepoint Appoints Bayo Olujobi as Chief Financial Officer
Moniepoint Microfinance Bank has expanded its leadership team with the appointment of Bayo Olujobi as Chief Financial Officer (CFO). Olujobi, an accomplished finance ...
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Nigeria: CBN Raises N627bn from Oversubscribed T-Bills Auction, Increases Rates
The Central Bank of Nigeria (CBN) successfully raised over N627 billion through an oversubscribed Treasury bills auction on Wednesday. The primary market auction ...
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Nigeria: Access Bank Triumphs at the 2024 Digital Jurist Awards
Access Bank PLC has been recognized as the winner of the 2024 Best Digital Award in the Commercial Banks category at the prestigious ...
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Nigerian Banks’ Robust Profitability Shields Them from Rising Credit Losses – S&P Ratings
According to a recent report from S&P Global Ratings, Nigerian banks are well-positioned to weather rising credit losses and meet higher capital requirements, ...
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Nigeria: Naira Declines Amid CBN’s Reduced FX Supply Ahead of e-FX Platform Test Launch
The Nigerian naira has continued its downward trend against the US dollar, pressured by high demand and dwindling FX supply in the country’s ...
Nigeria
Nigeria: Amended NDIC and BOFIA Acts Strengthen Financial Sector Stability, Says Senator Abiru
The recent amendments to the Nigerian Deposit Insurance Corporation (NDIC) Act and the Banks and Other Financial Institutions Act (BOFIA) are setting the ...