News
Nigeria: Private Sector Credit Drops by ₦14tn Despite CBN Rate Cut
Credit to Nigeria’s private sector declined sharply by more than ₦14 trillion within two months, falling to ₦80.59 trillion in April 2026 from ...
Nigeria
Nigeria: NAICOM Grants Nigeria’s First Partnering Insurtech Licence
The National Insurance Commission has issued an operational licence to CBI Partnering Insurtech Ltd, marking a major milestone as the first fully licensed ...
Nigeria
Nigeria: Banks Raise Naira Card Spending Limits Abroad Amid Improved FX Liquidity
Nigerian Deposit Money Banks (DMBs) are increasingly expanding international spending limits on naira-denominated cards as improved foreign exchange (FX) liquidity strengthens confidence in ...
Nigeria
Nigeria: Monica Cash Expands Automated Bitcoin-to-Naira Conversion Services
As demand for faster and more secure digital payment solutions continues to grow, Nigerian fintech platform Monica Cash is strengthening its presence in ...
Nigeria
Nigeria: NITDA Launches Committee to Drive Unified Sandbox Framework for Nigeria’s Digital Economy
As Nigeria’s technology ecosystem continues to evolve at a rapid pace, regulators are increasingly facing the challenge of keeping up with innovation across ...
News
Africa: NITDA, Benin’s ASIN Deepen Partnership on Digital Transformation
The National Information Technology Development Agency (NITDA) and the Agence des Systèmes d’Information et du Numérique (ASIN) of the Republic of Benin have ...
News
Nigeria: Interswitch Launches Digital Forecourt Suite with Flexible ‘Pay-As-You-Want’ Feature
Interswitch has introduced a new Digital Forecourt suite, a technology-driven retail ecosystem designed to transform fuel retail operations by integrating payments, operational processes, ...
Nigeria
Nigeria: NIMC Strengthens Digital Public Infrastructure to Boost Service Delivery, Security
The National Identity Management Commission (NIMC) has reaffirmed its commitment to expanding Nigeria’s Digital Public Infrastructure (DPI) to improve governance, strengthen national security, ...
Nigeria
Nigeria: Banks, Fintechs Flag Over 82,000 Suspicious Transactions to NFIU in 2024
Nigeria’s financial institutions reported 82,143 suspicious transactions to the Nigerian Financial Intelligence Unit (NFIU) in 2024, reflecting heightened vigilance against money laundering, terrorism ...
Nigeria
Nigeria: CBN Warns Against Return to Intervention Policies Amid Push for Stability
Governor of the Central Bank of Nigeria, Olayemi Cardoso, has cautioned against renewed calls for the apex bank to return to large-scale intervention ...