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Nigeria’s Digital Currency Transactions up by 63%
According to Nigerian Central Bank Governor Godwin Emefiele, central bank digital currency or e-naira transactions have increased 63% to $47.7 million, with around ...
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Nigeria: Scarcity of Naira easing as banks comply with CBN’s new directives
There are indications that the three-month-old cash shortages rocking Nigeria’s economy would fizzle out this week following banks’ compliance with the latest directives ...
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Nigeria: NGX mulls non-depository receipts to enhance capital market activities
Nigerian Exchange Limited (NGX) has announced plans to introduce Non-Depository Receipts (NDR) to further deepen the activities in the Nigerian capital market. This ...
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Nigeria: MTN partners Amazon to offer Prime Video to mobile users
ICT giant, MTN Nigeria has teamed up with Amazon’s global streaming service, Prime Video, to offer Prime Video Mobile Edition – a single-device, ...
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Nigeria: Stanbic IBTC appoints Ndidi Nwuneli as Independent Non-Executive Director as Ngozi Edozien retires
The board of directors of Stanbic IBTC Holdings Plc has announced the appointment of Mrs Ndidi Nwuneli as an Independent Non-Executive Director, following ...
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Nigeria: CBN’s New Move Crashes PoS Charges as Naira Scarcity Reduces
The bank said many commercial banks have picked up cash from its branches nationwide. Despite persistent queues, feelers indicate that the cash crunch ...
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Nigeria: Insurance industry generates N726 billion gross premium for Q4 2022
Nigeria’s insurance industry generated the sum of N726.2 billion as gross premium income as of Q4 2022. This was disclosed by the National ...
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Nigeria: New Agricultural Finance Facility AFF Loan 2023
Do you enjoy farming? If so, this is unquestionably for you. To advance your agricultural business, you can now apply for the new ...
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Nigeria: CBN Clears Air On Suspending OPAY, PALMPAY Account
The Central Bank of Nigeria (CBN) has made clarification on viral reports that it has suspended accounts of some Fintech companies like OPAY ...
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Nigeria: Banks Issue Fresh Updates as CBN Circulates Naira Notes
In response to the Central Bank of Nigeria’s (CBN) decision to reverse its naira redesign policy, deposit money banks have announced adjustments to ...
