Nigeria
Nigeria: CBN Set to Offer N650bn Nigerian Treasury Bills for Subscription
The Central Bank of Nigeria (CBN) is set to conduct a primary market auction (PMA), offering N650 billion worth of Nigerian Treasury Bills ...
Nigeria
Nigeria: Naira Strengthens Slightly as CBN Pauses FX Interventions
The Nigerian naira recorded a modest gain against the US dollar in local currency markets, following a temporary halt in foreign exchange (FX) ...
Nigeria
Nigerian Diaspora Remittances Exceed $90 Billion in Five Years, Driving Economic Growth
Over the past five years, Nigerians in the diaspora have remitted more than $90 billion, playing a vital role in economic development and ...
Africa
Nigeria: Interswitch Leads AI Adoption to Drive Workforce Evolution and Economic Growth
Interswitch Group, a leading player in Africa’s payments and digital commerce sector, is reinforcing the transformative role of Artificial Intelligence (AI) in shaping ...
Nigeria
Nigeria: Naira Strengthens as CBN Maintains FX Liquidity for Banks and BDCs
The Nigerian naira continues to hold firm against the US dollar, buoyed by the Central Bank of Nigeria’s (CBN) sustained foreign exchange (FX) ...
Nigeria
Nigeria: SEC Cuts Approval Time to 14 Days, Enhancing Capital Market Efficiency
The Securities and Exchange Commission (SEC) has significantly streamlined its capital market approval process, reducing the timeline for companies raising capital from over ...
Nigeria
Nigeria’s Banking Fraud Surges to N52bn Over Four Years – NIBSS
The scale of fraudulent transactions within Nigeria’s banking sector has escalated dramatically, surging from N11 billion in 2020 to N52 billion in 2024, ...
Fintech
Nigeria: EFInA Unveils New Identity and Five-Year Strategy to Strengthen Financial Inclusion in Nigeria
Enhancing Financial Inclusion and Advancement (EFInA) has launched a new brand identity alongside an ambitious five-year strategy aimed at accelerating financial inclusion ...
Nigeria
Nigeria’s GDP Growth Hits 3.40% in 2024 – NBS Report
Nigeria’s Gross Domestic Product (GDP) expanded by 3.40% in 2024, marking an increase from the 2.74% recorded in 2023, according to the latest ...
Fintech
Can Contactless Payments Gain Traction in Nigeria? PalmPay and CashAfrica Lead the Push
Nigeria’s digital payments ecosystem has seen rapid growth, yet contactless payments remain underutilized, unlike in markets such as Europe and China. However, a ...