Nigeria
Nigeria: CBN Halts Customer Onboarding for Palmpay, Moniepoint, Opay, and Other Fintechs Over Crypto Concerns
In a significant move, the Central Bank of Nigeria (CBN) has implemented a ban on several leading fintech platforms, including Palmpay, Moniepoint, Opay, ...
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Nigeria: Dollar Strengthens Further Against Naira, Reaches N1,350/$
Once again, the Nigerian naira experienced a decline, reaching N1,350 per dollar in the parallel segment of the foreign exchange (FX) market on ...
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Foreign Exchange Regulatory Reform (May 29 2023 to April 2024) Implications for Fintechs and other stakeholders.
Doing business in Nigeria is rewarding but can pose significant challenges, particularly concerning foreign exchange (forex) management and repatriation. Whether it’s cross-border e-commerce ...
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Nigeria: MTN Unveils Meetings+ Platform as It Aims for TechCo Status by 2025
MTN Nigeria is embarking on a profound transformation, with the goal of evolving from a telecommunications company (telco) into a comprehensive technology entity, ...
Nigeria
Nigeria: Tinubu and Bill Gates Propose Digital Identity Platform for Streamlined Tax Collection
Bill Gates, former CEO of Microsoft, revealed during a meeting with President Bola Tinubu at the World Economic Forum (WEF) in Saudi Arabia ...
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Nigeria: CBN Reports 19% Decrease in PoS Transactions in Q1 2024
The Central Bank of Nigeria (CBN) has revealed a 19% decline in Point-of-Sale (PoS) transactions in Nigeria during the first quarter (Q1) of ...
Nigeria
Nigeria: NDIC Launches Anti-Corruption and Transparency Unit
The Nigeria Deposit Insurance Corporation (NDIC) has inaugurated an Anti-Corruption and Transparency Unit (ACTU) at its headquarters in Abuja, marking a significant step ...
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Nigeria: Moniepoint MFB MD Advocates Hybrid Approach for Financial Inclusion
Babatunde Olofin, the Managing Director of Moniepoint MFB, underscores the pivotal role of microfinance banks in advancing financial inclusion across Nigeria. His remarks ...
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Nigeria: President Tinubu Greenlights Consumer Credit Initiative to Address Essential Needs and Promote Economic Growth
 President Bola Tinubu has given the green light for the commencement of the initial phase of the Consumer Credit Scheme, aimed at providing ...
Nigeria
Nigeria: CIBN Supports Banking Recapitalization for Enhanced Economic Lending
The Chartered Institute of Bankers of Nigeria (CIBN) has voiced its backing for the ongoing banking recapitalization exercise, citing its potential to bolster ...
