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Nigeria: MoMo Payment Service Bank (MoMo PSB) Formally Commences Operations
This follows a successful pilot initiated on 16 May 2022, in commemoration of the launch of our GSM operations on 16 May 2001 ...
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Nigeria: APPZONE acquires switching license from the CBN
AppZone, Sub-Saharan Africa’s payment infrastructure company, announced that the Central Bank of Nigeria has issued the organization an approval in principle to operate ...
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Nigeria: Airtel’s SmartCash Payment Service Bank commences operations in Nigeria
Airtel Africa Plc has announced that its payment service bank subsidiary, SmartCash, has commenced operations in Nigeria. This was disclosed in a statement ...
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Nigeria’s diaspora remittances set to increase
Based on a World Bank report, remittance flows to low and middle-income countries (LMICs) are expected to increase by 4.2% this year to ...
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Nigeria: NowNow Introduces Nigeria’s First Fully Integrated NFC Wallet
African Fintech , NowNow Digital Systems Limited, has launched a first of its kind fully integrated near field communication (NFC) enabled wallet, which ...
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Nigeria: Nigeria’s Q1 trade deficit rose by 175%, hit $764m – CBN
The value of Nigeria’s international trade deficit rose by 175.13 per cent from $152.94m in January 2022 to $420.79m in March 2022, according ...
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Nigeria: CBN issues guidelines for Open Banking in Nigeria to enhance financial services
The Central Bank of Nigeria has issued the regulatory framework for Open Banking in Nigeria in its efforts to enhance data sharing across ...
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Nigeria: Wema Bank emerges ‘Best Overall Investor Relations’ brand at NIVA awards 2022
Nigeria’s leading innovative financial institution, Wema Bank at the weekend added to its trophy chest by winning the ‘Best Overall Investor Relations’ award ...
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Nigeria: Gokada opens up investment opportunity for logistics companies, private businesses & Individuals
Nigeria’s fastest-growing e-commerce logistics company, Gokada has announced its strategic G-Partner investment initiative which allows other logistics companies and private entities to increase their earnings ...
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Nigeria: UBA processes over 25,000 trade transactions in Nigeria between Jan-Apr 2022
Africa’s Global Bank, United Bank for Africa (UBA) Plc says it has processed over 25,000 trade transactions in the last four months. The ...