News
Nigeria: BVN Now Mandatory for RSA Holders Starting February – PenCom
The National Pension Commission (PenCom) has announced that from February 1, Bank Verification Numbers (BVNs) will be mandatory for all Retirement Savings Account ...
Africa
Africa: Ethio Telecom Partners with AfDB to Propel Africa’s Digital Transformation
Ethio Telecom and the African Development Bank (AfDB) are collaborating on initiatives to advance Ethiopia’s digital economy and support Africa’s broader digital transformation ...
Fintech
Nigeria: Baobab Network Invests in CreditChek to Expand Cross-Border Credit Access
Baobab Network, a leading early-stage investor and accelerator, has kickstarted its 2025 investment cycle by investing in CreditChek, a Nigerian fintech startup focused ...
Nigeria
Nigeria: FG Aims to Pass Digital Economy Bill by Q2 2025
The Federal Government of Nigeria is working toward the passage of the Digital Economy Bill by the second quarter of 2025, marking a ...
Nigeria
Nigeria: Market Rates Surge as Banks Borrow N4 Trillion from CBN
Amid a significant liquidity deficit in the Nigerian banking system, banks turned to the Central Bank of Nigeria (CBN) for support, borrowing approximately ...
Africa
Africa: AfDB Partners with U.S. to Launch Credit Rating Platform for African Markets
The African Development Bank (AfDB) has entered into a partnership with Prosper Africa, a U.S. Presidential initiative, to develop an innovative Credit Rating ...
Nigeria
Nigeria: External Reserves Dip as CBN Intensifies Naira Defense
Nigeria’s gross external reserves have witnessed a consistent decline in 2025, impacted by reduced US dollar inflows and sustained foreign exchange (FX) interventions ...
Nigeria
Nigeria: PenCom Implements BVN Mandate for RSA Registration and Data Recapture Starting February 1, 2025
The National Pension Commission (PenCom) has announced a new directive requiring the mandatory inclusion of Bank Verification Numbers (BVN) for all Retirement Savings ...
Nigeria
Nigeria Aims for $79 Billion in Exports Through AfCFTA Framework
Nigeria has set its sights on unlocking an export market worth up to $79 billion by leveraging the African Continental Free Trade Area ...
Nigeria
US, Nigeria Export-Import Banks Sign MoU to Strengthen Trade
The Export-Import Bank of the United States (EXIM) and the Nigerian Export-Import Bank (NEXIM) have signed a landmark memorandum of understanding (MoU) aimed ...