News
Nigerian Banks increase lending to private sector by N1.3 trillion in March
The total amount of net loans issued to the private sector rose to N43 trillion in the first quarter of 2023 representing a ...
News
Nigeria: CBN pumps N701 billion back into circulation in March 2023 to ease cash at ATMs
Nigeria’s currency in circulation rose to N1.68 trillion in March 2023, a 71.4% increase compared to N982.1 billion recorded as of the previous ...
Nigeria
Nigeria: SEC opens portal for fintech operators
Weeks after announcing the registration of five fintech companies, the Securities and Exchange Commission has opened the regulatory incubation programme for fintech firms ...
News
Nigeria: SEC blacklists six e-commerce platforms
The Securities and Exchange Commission has blacklisted six online trading platforms in its latest crackdown on illegal and unregistered firms claiming to offer ...
News
Nigeria: FG dumps five per cent telecom tax waiver
The Federal Government is reportedly set to proceed with its implementation of a five per cent excise duty tax on mobile telephone services, ...
News
Nigeria: NAICOM licences 8 microinsurers, 4 takaful companies to address financial inclusion gap
The National Insurance Commission (NAICOM) in addressing financial inclusion gap in insurance Industry, introduced microinsurance guidelines and licensed eight microinsurers; released takaful guidelines ...
Nigeria
Nigerian fintech startup Storspay raises $320k, selected for Techstars NYC
lending infrastructure platform for the internet, connecting retail investors seeking alternative asset investment opportunities with small businesses globally needing more affordable capital to ...
News
Nigeria: Kashifu Inuwa Abdullahi- Boosting the nation’s digital economy through visionary leadership
IT’S not often that President Muhammadu Buhari goes out of his way to defend his decisions on appointments or reappointments. However, he made ...
News
Nigeria’s digital payment industry suffers 161,272 cyber attacks
Nigeria’s digital payment ecosystem has continued to witness persistent attacks by cybercrooks as over 161,272 financial threats were witnessed. Complex attacks by advanced ...
News
Nigeria: Bank deposits dropped by N210bn in Q1 – CBN
As Nigerians make huge withdrawals from deposit money banks, the total amount of demand deposits dropped by N210bn between January and March 2023. Data ...
