Innovation
Nigeria’s Data Centre Boom: $630 Million Pledged to Support Digital Expansion and Regulatory Resilience
In response to skyrocketing internet consumption and the rising demand for localized cloud infrastructure, Nigeria’s data centre operators have committed over $630 million ...
Nigeria
Nigeria: CBN Slashes Treasury Bills Offer to N400 Billion Amid Weaker Investor Appetite
The Central Bank of Nigeria (CBN) has reduced its Nigerian Treasury Bills (NTBs) offer to N400 billion at this week’s primary market auction, ...
Fintech
Nigeria: Access Holdings Leads Tech Investment as Fraud Losses Plunge 73% in 2024
Access Holdings Plc, the parent company of Access Bank, has set a new benchmark in Nigeria’s financial services sector with a record-breaking ₦193.5 ...
Global
Global: IMF Flags Economic Uncertainty in Nigeria Despite Reform Momentum
The International Monetary Fund (IMF) has expressed concern over Nigeria’s economic outlook, highlighting significant macroeconomic uncertainty despite recent progress through fiscal and monetary ...
Nigeria
Nigeria: CBN Deepens Reform Agenda to Restore Confidence and Stability – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has reaffirmed the apex bank’s commitment to bold and transparent monetary reforms ...
Fintech
Nigeria: Ecobank Reaffirms Commitment to SME Empowerment at ‘Oja Oge’ Marketplace
Ecobank Nigeria has once again reinforced its strategic commitment to empowering small and medium-sized enterprises (SMEs) across key sectors of the Nigerian economy. ...
Nigeria
Nigeria: CBN Strengthens Regulatory Oversight on BDCs with New AML Compliance Checks
The Central Bank of Nigeria (CBN) has issued a stern directive to Bureau De Change (BDC) operators nationwide, emphasizing strict adherence to anti-money ...
Nigeria
Nigeria’s SEC Cracks Down on Influencer Promotions of Unlicensed Digital Asset Platforms and Meme Coins
Nigeria’s Securities and Exchange Commission (SEC) has issued a strong warning to celebrities and social media influencers, urging them to desist from promoting ...
Ghana
Nigeria: Vendease Exits Ghana Market Amid Demand Surge and Strategic Shift Toward Software Solutions
In October 2024, Nigerian food supply and logistics startup Vendease officially ceased operations in Ghana, just a year after entering the market. Despite ...
Nigeria
Nigerian Banks Generate Record ₦674 Billion from E-Payments as Digital Transactions Soar
Nigeria’s top financial institutions are reshaping the future of banking with record earnings from electronic payments, generating a combined ₦674 billion ($419.7 million) ...