News
Nigeria: UK fintech secures Nigerian PSSP license for competition
London-based fintech brand, Unlimint, said it has received a Payment Solution Service Provider (PSSP) license from the Central Bank of Nigeria (CBN). The ...
Nigeria
Nigeria: Kredete Launches AI-Powered Lending Platform to Deepen Credit Access for Nigerians
Nigerian fintech startup, Kredete, has officially launched its lending platform to deepen accessibility to formal credit, financial education, and innovative financial solutions. The ...
News
Nigeria: Nigerian mobile money accounts grow by 22%, says GSMA
Mobile money account ownership grew from 16 per cent in 2021 to 22 per cent in 2022, GSMA has stated. According to the ...
News
Nigeria: Nigerian Banks Battle Liquidity Pressures
Deposit Money Banks (DMBs) persistent borrowings from the Central Bank of Nigeria’s (CBN) standing lending facility (SLF) drove the financial system into deficit, ...
News
Nigeria: Kudy Financials gets licence to operate in Nigeria
The Securities and Exchange Commission (SEC) – Nigeria’s apex capital markets regulatory body, has issued a fund/portfolio manager’s licence to Kudy Financials Limited. ...
News
Nigeria: Over 500 microfinance banks seek roles in CBN’s policies
At least 500 licensed Microfinance Banks (MfBs) under the aegis of the National Association of Microfinance Banks (NAMB) have called on the Central ...
News
Nigeria: CBN’s New Announcement Drives BVN Database to 57 Million, as More Nigerians Rush to Link Accounts
New data reveals that the number of bank owners in Nigeria with Bank Verification Numbers (BVN) grew to 57 million as of April ...
News
Nigeria: Workers transferred N663bn to other PFAs – PenCom
No fewer than 168,768 workers have changed their Pension Fund Administrators and moved N663.761bn Retirement Savings Accounts since the National Pension Commission opened ...
News
Nigeria: Cashless policy will boost MSME loans – CBN
The Central Bank of Nigeria and stakeholders in the financial services sector have said a robust cashless policy system is capable of increasing Medium, ...
News
Nigeria: Nigeria’s cash crisis driving digital transactions to all-time high
Nigeria is riding on the back of a cash crunch, which the central bank said resulted from the move to mop up excess ...
