News
Nigeria: External reserves gain $3.98bn in three weeks, hit $40.76bn – CBN
Nigeria’s external reserves gained $3.98bn in three weeks, rising above the $40bn mark, according to data obtained from the Central Bank of Nigeria. ...
Intelligence
Nigeria: NIA says insurance companies have paid N9 billion in compensation for losses recorded during #EndSARS protests
The Nigerian Insurance Association says insurance companies have already paid N9 billion in claims following destructions recorded during last year’s #EndSARS protests in ...
News
Nigeria: CBN introduces N500m grant for undergraduates, graduates
In a bid to reduce unemployment, the Central Bank of Nigeria has developed the Tertiary Institutions Entrepreneurship Scheme (TIES), in partnership with Nigerian ...
News
Nigeria: African Development Bank Group, MTN sign $500,000 grant agreement to study women’s access to financial services
The research, which includes a feasibility study, women-focused design and testing, will focus on both agents and customers to provide insights into women’s ...
Innovation
Nigeria: Zenith Bank introduces SME Grow My Business Product
Nigeria’s leading financial institution, Zenith Bank Plc, has introduced what it called, ‘Zenith Bank SME Grow My Business Product’, saying it provides a ...
News
Nigeria: CBN says governments will be able to send direct payments to citizens using the eNaira
The Central Bank of Nigeria (CBN) has stated that the eNaira can serve as a medium for the government to send direct payments ...
Nigeria
MFS Africa acquires Baxi, expands into Nigeria
Subject to approval from the Central Bank of Nigeria, the deal is the second highest fintech acquisition in Nigeria to date. Pan-African digital ...
News
Nigeria: CSCS Board Renews Jalo-Waziri’s Appointment as MD/CEO
The Board of Directors of Central Securities Clearing System (CSCS) Plc, has reappointed Mr. Haruna Jalo-Waziri as managing director/chief executive officer (MD/CEO) for ...
News
Nigeria: Fidelity Bank to raise $500m from international debt capital market
Leading tier-2 lender, Fidelity Bank Plc plans investor meetings commenced on Monday, October 18 as the bank considers raising about $500 million from the international ...
Innovation
Nigeria: eNaira would boost diaspora remittance flows – CBN
The Central Bank of Nigeria (CBN) has stated that the eNaira would ultimately boost remittance inflow to the country. The apex bank stated ...