News
Nigeria: Forex remittances crash by 48% amid dollar shortage – CBN report
The country’s total direct remittances dropped by $119.4m to $130.12m as of January 2022 from $249.52m as of December 2021, figures obtained from ...
News
Nigeria: VFD Group targets commercial banking licence
VFD Group Plc, the investment holding group that recently bought the single largest equity stake in Nigerian Exchange (NGX), plans to acquire a ...
News
Nigeria: NCC Issues Final Letters of Licence Awards to MTN, Mafab as 5G Spectrum Winners
The Nigerian Communications Commission (NCC) has confirmed issuance of the final letters of award of the Fifth Generation (5G) Spectrum Licences to MTN and Mafab ...
Kenya
Africa’s fastest growing companies are in Kenya and Nigeria, a new FT survey shows
The two fastest-growing companies in Africa are in Kenya, according to a new ranking released by the Financial Times on Tuesday, and five of ...
News
Nigeria: Fintech gets CBN approval for payment services
A financial technology organisation, Connect Point Technology Solutions Limited, has received regulatory approval to operate a Payment Solutions Service licence category. The firm ...
News
Nigeria: NCC moves to disconnect fake, stolen phones from networks
The Nigerian Communications Commission (NCC) is finalising plans to disconnect fake and counterfeit phones from all networks in the country. This will be ...
Nigeria
South Africa and Nigeria welcome LinkPay by Stitch
Rolling out LinkPay will help merchants complete transactions, saving time promoting the speed of Africa’s market Focused on providing full API access to ...
News
Nigeria: Poverty can’t be eradicated without financial inclusion – First Bank
Without adequate financial inclusion, poverty cannot be effectively eradicated in Nigeria and other nations of Africa, First Bank Nigeria Plc stated on Friday. Financial ...
News
Nigeria: MTN Nigeria adds 1.7m subscribers in three months
MTN said this on Friday in its unaudited results for the first quarter (Q1) ended March 31, 2022. According to the report, MTN ...
News
20 PFAs meet N5 billion minimum regulatory capital – PenCom
National Pension Commission (PenCom) has announced that up to 20 Pension Fund Administrators (PFAs) were able to meet the April 27 deadline for ...