News
Nigeria: PENCOM introduces en-bloc payment to retirees with insufficient RSA balances
THE National Pension Commission (PenCom), has made a new provision on en-bloc payment (bulk settlement) to retirees with insufficient Retirement Savings Account (RSA) ...
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Nigeria: 54gene Completes Initial Phase of the Landmark Nigerian 100K Genome Project
54gene, the health technology company advancing African genomics research for improved global health outcomes, has through its non-profit initiative, the African Centre for Translational Genetics (ACTG), ...
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Nigeria: FIRS, NIPOST face-off: CBN takes over electronic stamp duty collection
The Central Bank of Nigeria (CBN) has begun the collection of electronic stamp duty due to the rift between the Federal Inland Revenue ...
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Nigeria: Data, SMS Tariff Hike Not Possible Without Approval, NCC Allays Subscribers’ Fears
The Nigerian Communications Commission (NCC) has reacted to the deluge of reports in the media on the demand by Mobile Network Operators (MNOs) ostensibly to increase ...
Nigeria
Nigerian fintech startup Kwaba secures pre-seed funding round for African expansion
Nigerian fintech startup Kwaba, which helps low and middle income earners to split their annual rent into convenient monthly installments, has secured a ...
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Nigeria: CBN says eNaira’s next update would support DSTV, Air travel and USSD transactions
The Central Bank of Nigeria (CBN) has announced that the eNaira’s next update would support DSTV renewals, recharge card purchases, air travel ticket ...
Nigeria
Nigerian trade-tech startup Norebase secures $1m pre-seed funding
Nigerian trade technology startup Norebase, which is building a single platform for businesses to start, scale and operate in any African country, has ...
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Nigeria: NDIC begins process of paying depositors of 3 failed microfinance banks
The Nigeria Deposit Insurance Corporation (NDIC) has begun the process of paying depositors in 3 failed micro-finance banks. The NDIC will between May ...
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Nigeria: Bank deposits rise to N16.89tn in three months –CBN
BANKS’ demand deposits rose by N1.1tn in three months to N16.89tn as of the end of March, figures obtained from the Central Bank ...
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Nigeria: CBN warns Nigerian banks to be vigilant of transactions related to the Benin Republic
The Central Bank of Nigeria has warned Nigerian banks to be vigilant regarding transactions related to the Benin Republic due to intelligence that ...