News
Nigeria: Bank Recapitalization to Boost Capital Market, Says ASHON Chair
Sam Onukwue, Chairman of the Association of Securities Dealing Houses of Nigeria (ASHON), has stated that the newly proposed capital requirements for banks ...
Nigeria
Nigeria: NGX Introduces USSD to Boost Capital Market Participation
Nigerian Exchange (NGX) Limited is encouraging investors to utilize its new USSD platform to engage more actively in the capital market. During an ...
News
Nigeria: Wema Bank Enhances Security with Facial Recognition Technology After ₦685 Million Fraud Loss
Wema Bank, a leading Nigerian financial institution, has partnered with Daon, a global digital identity trust company, to implement advanced facial recognition technology ...
Nigeria
Nigerian Fintech Startups Face $1 Million KYC Verification Costs
Recent updates to Know Your Customer (KYC) processes mandated by the Central Bank of Nigeria now require fintech startups to physically verify the ...
News
Nigeria: Experts Call for Government Support to Sustain Telecom Sector
In light of recent financial losses reported by telecommunications companies listed on the Nigerian Exchange Limited (NGX), economic experts and stakeholders are raising ...
News
Nigeria’s FX Reserve Rises to $32.8bn After 10-Week Decline
After a 10-week decline amounting to $1.8 billion, Nigeria’s foreign exchange reserve has begun to recover, showing a steady increase over the past ...
News
Nigeria: CBN Supervision in Financial Sector’s Best Interest, Say Bank Directors
The Bank Directors’ Association of Nigeria (BDAN) has expressed confidence that the Central Bank of Nigeria’s (CBN) decision to revoke the license of ...
Nigeria
Nigeria: Crypto Enthusiasts Warn Against Naira Trade Ban on Exchanges
Amid the rapid decline of the naira and soaring inflation rates, the Nigerian government has shifted its focus to cryptocurrency service platforms. However, ...
News
Nigeria: World Bank Highlights Fintechs as Crucial to Bridging Nigeria’s Financial Inclusion Gap
Fintech companies can significantly improve financial inclusion in Nigeria by leveraging mobile money, digital payment platforms, and digital wallets to reach underserved populations, ...
News
Nigeria: CBN and IFC Forge Strategic Alliance to Strengthen Nigeria’s Private Sector
The Central Bank of Nigeria (CBN) and the International Finance Corporation (IFC), a member of the World Bank Group, have embarked on a ...