Nigeria
Nigeria’s diaspora remittance inflows could rise to $2bn monthly — Emefiele
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said that following the introduction of the new Diaspora Forex Remittances ...
Nigeria
Cost of providing banking services too high – CBN
THE Central Bank of Nigeria (CBN) has advises banks and other financial institutions to reduce the cost of providing banking services to their ...
Nigeria
Fintech space grew 800% during COVID-19 as CBN lists pandemic lessons
Fintech space grew 800% during COVID-19 as CBN lists pandemic lessons Despite the pandemic, the Financial Technology (Fintech) payment space in Nigeria grew ...
Nigeria
CBN charges stakeholders on implementation of framework on financial inclusion gender gap
The Deputy Governor, Financial System Stability, CBN, and Chairperson of the National Financial Inclusion Technical Committee, Mrs. Aisha Ahmad, has charged stakeholders ...
Intelligence
Nigeria needs to spend $3 trillion in over 30 years to bridge infrastructural gap – Moody’s Report
Moody’s has revealed that Nigeria needs to spend about $3 trillion in over 30 years to bridge the infrastructural gap experienced in the ...
Nigeria
CBN, NDIC to set up bridge bank for struggling financial institutions
The Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) have been empowered to set up a Banking Sector Resolution ...
Nigeria
Customers’ deposits with fintech firms to be insured – NDIC
The Nigeria Deposit Insurance Corporation (NDIC) is fine-tuning its current regulatory framework towards protecting depositors from dangers that could arise from several emerging ...
Nigeria
CBN mulls blockchain in financial sector
The Central Bank of Nigeria (CBN), through an inter-agency committee and the FinTech Association of Nigeria (FintechNGR) is exploring blockchain adoption for the ...
Nigeria
President Buhari assents to Banks, Financial Institutions’ Act
President Muhammadu Buhari has assented to the Banks and Other Financial Institutions (BOFI) Act 2020. A statement by his Senior Special Assistant on ...
Nigeria
NDIC, CBN battle safety issues in Nigeria’s fintech environment
The Nigeria Deposit Insurance Corporation (NDIC) yesterday said it will adopt financial technology (fintech) solutions and tools to modernize its data collection and ...
