News
Nigeria: Farm Central Intelligence Emerges Winner at AFEX Code Cash Crop 4.0 Ag-hackathon
 AFEX, Africa’s leading commodities market player, hosted its fourth annual ag-hackathon, Code Cash Crop 4.0, aimed at harnessing the intersection of technology, finance, ...
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Nigeria Set to Join Next Phase of AfCFTA’s Guided Trade Initiative
Segun Awolowo, the Executive Secretary of Nigeria’s National Working Committee for the African Continental Free Trade Area (AfCFTA), has affirmed the country’s readiness ...
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Nigeria: CBN Launches Foreign Exchange Price Verification System Portal
The Central Bank of Nigeria (CBN) has introduced a dedicated foreign exchange price verification system portal, aiming to facilitate importers’ access to foreign ...
Nigeria
Nigeria: NDIC Launches Investigation into Directors and Officers of Revoked Banks
The Nigeria Deposit Insurance Corporation (NDIC) has announced its plans to initiate an investigation into the directors and officers of the 183 banks ...
News
Nigeria: Naira Makes Rebound, Trades at 850 Against Dollar on Parallel Market
The Nigerian naira exhibited a rebound against the United States dollar in the parallel market, concluding at 850/dollar on Wednesday (August 16, 2023). ...
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Nigeria: Optimus Bank Commences Full Operations, Focusing on Innovation and Financial Inclusion
Optimus Bank Limited, a fully licensed national commercial bank, has officially inaugurated its operations in the country. The bank’s grand opening and formal ...
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Nigerian Naira Continues Depreciation as FX Market Conditions Deteriorate
The Nigerian naira is experiencing further depreciation, driven by the persistent pressure on the foreign exchange (Forex) market caused by a sustained shortage ...
News
Nigeria: WEMA Bank and Mastercard Partner to Empower 10,000 Women Entrepreneurs
WEMA Bank has announced its collaboration with the Entrepreneurial Development Centre of Pan-Atlantic University and Mastercard to provide support and training to empower ...
Nigeria
Nigeria: CBN Implements Measures to Counter Naira Decline, Restricts Diaspora Remittances
In response to the recent depreciation of the naira in the parallel market, the Central Bank of Nigeria (CBN) has introduced foreign exchange ...
News
Nigeria: MTN Group Inks Agreement to Sell Fintech Arm to Mastercard
Amidst challenging economic conditions and escalating competition across its key markets, MTN Group has entered into a memorandum of understanding with Mastercard to ...
