News
Nigeria: CBN Governor Commends Recent Forex Stability
Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), expressed commendation for the recent stability achieved in the foreign exchange market. ...
Nigeria
Nigeria: NCC Maintains SIM-NIN Deadline, Telcos to Bar Unlinked Lines by Friday
Telecommunication companies are set to disconnect more Subscriber Identity Module (SIM) numbers not linked to National Identification Numbers (NIN) by Friday, March 29, ...
News
Nigeria: NCC Reports Record Data Consumption in January 2024
The Nigerian Communications Commission (NCC) has disclosed that data consumption in January 2024 surged to an all-time high of 721,522 terabytes, surpassing the ...
News
Nigeria: CBN Raises Benchmark Interest Rate to 24.75%
In a move to address economic concerns, the Central Bank of Nigeria (CBN) has announced an increase in its benchmark interest rate, the ...
Nigeria
Nigeria: CBN Urges Swift Action on Recapitalization for Banks
The Central Bank of Nigeria (CBN) has urged Deposit Money Banks (DMBs) across the country to expedite their efforts to bolster their capital ...
Nigeria
Nigeria: CBN Reduces BDC Exchange Rate to N1,270/$
The Central Bank of Nigeria (CBN) has implemented a 3.4 percent reduction in the exchange rate within the Bureaux De Change (BDC) segment ...
Africa
Africa: Access Holdings Teams Up with Safaricom and M-Pesa to Streamline Remittances Across East and West Africa
Access Holdings, a prominent financial institution in Africa, has forged a strategic alliance with Coronation Group, Safaricom, and M-Pesa Africa to optimize remittance ...
News
Nigerian Insurance Industry Sees Significant Growth with Gross Premiums Reaching N1.003 Trillion in Q4 2023 – NAICOM
The Nigerian insurance industry witnessed robust growth in the fourth quarter of 2023, with Gross Premium Written (GPW) reaching N1.003 trillion, marking a ...
News
Nigerian Fintechs Embrace Generative AI for Enhanced Content Creation
A recent report by Generative AI sheds light on the evolving landscape of fintech marketing in Nigeria, revealing that approximately 29% of surveyed ...
Africa
Kenya Surpasses Nigeria and Egypt, Emerges as Top Destination for Startup Funding in Africa
Amidst a global funding downturn for emerging companies, Kenya has demonstrated remarkable resilience by witnessing a 17 percent increase in new startup investments, ...