Fintech
Nigeria: GTBank Eliminates POS Processing Fees to Empower Businesses
Guaranty Trust Bank Ltd. (GTBank) has announced the removal of processing fees on all GTBank Point of Sale (POS) terminals, reinforcing its commitment ...
Nigeria
Nigerian: Naira Strengthens Against Dollar in Parallel Market
The Naira continued its upward trajectory against the U.S. Dollar in the parallel foreign exchange market, marking a significant appreciation. On Friday, the ...
Intelligence
Nigeria: AI Recommended as Key Solution to Combat Financial Fraud in Nigeria
Industry experts have emphasized the need for artificial intelligence (AI) adoption to enhance fraud detection and cybersecurity in Nigeria’s financial sector. Speaking on ...
Nigeria
Nigeria’s GDP Per Capital Declines to $835 Amid Economic Challenges—IMF
The International Monetary Fund (IMF) has reported a 4.74% decline in Nigeria’s Gross Domestic Product (GDP) per capita, which fell from $877.07 in ...
Nigeria
Nigeria: NAICOM and FRSC Strengthen Partnership for Third-Party Motor Insurance Enforcement
The National Insurance Commission (NAICOM) and the Federal Road Safety Corps (FRSC) have reinforced their collaboration to ensure the effective enforcement of compulsory ...
Fintech
Nigeria’s Cash Crisis: How POS Agents Overtook ATMs in the Battle for Cash
According to Tope Dare, Executive Director of e-Business and Infrastructure at Inlaks Computers Limited, Nigeria’s persistent cash shortage has been attributed to poor ...
Nigeria
Nigeria: NIS Launches Contactless Passport Application for Nigerians Residing in Europe
The Nigeria Immigration Service (NIS) announced today that it will extend its contactless passport application system to select European countries, aiming to simplify ...
Nigeria
Nigeria: NIMC Approves FIC Professionals Network Plc for ID4D Initiative
The National Identity Management Commission (NIMC) has granted clearance to FIC Professionals Network Plc to participate in Nigeria’s World Bank-supported Identity for Development ...
News
Nigeria Remains Africa’s Largest Economy, Affirms World Bank
At a recent stakeholder engagement in Abuja, Dr. Ndiame Diop, the World Bank’s Country Director for Nigeria, reaffirmed that Nigeria continues to be ...
Fintech
Nigeria: Binance Executive Files Suit Against EFCC Over Alleged Unlawful Detention
A Federal High Court in Abuja is set to hear a compensation lawsuit on March 20, 2025, filed by Binance executive Tigran Gambaryan ...