News
Nigeria: DIGITAL FINANCIAL INCLUSION-CBN targets 25,000 women, youths in fresh push
In its drive to ensure the Digital Financial Inclusion (DFI) of women and youth across Nigeria, the Central Bank of Nigeria (CBN) has ...
Nigeria
Payhippo raises $3 million in seed funding to extend quick loans to SMEs
Nigeria’s lending startup Payhippo has raised $3 million in a seed round, funding the company plans to use in sourcing the talent needed to optimize ...
News
Nigeria’s Telecom Regulator to Engage Stakeholders on 5G Roll Out
Nigeria’s telecom industry’s regulator, the Nigerian Communications Commission will host a stakeholder engagement forum as part of activities lined up for the implementation ...
Intelligence
Nigeria: CBN disbursed N145 billion under its non-oil export stimulation facility
The Central Bank of Nigeria has disbursed a total of N145.99 billion under its Non-Oil Export Stimulation Facility (NESF). This was disclosed in the CENTRAL BANK ...
News
Nigeria: Monetary Policy Committee members express concern over FX market
The members of the Central Bank of Nigeria’s, CBN, Monetary Policy Committee, MPC, have called on the apex bank to carry out a ...
Nigeria
E-Settlement acquires QuickCash for undisclosed amount
The deal will extend E-SL’s payment service offering, enabling the company attain its goal to expand its footprint across Africa Nigeria-based fintech group, ...
Intelligence
Nigerian banks closed 234 branches, 649 ATMs — IMF
The International Monetary Fund, IMF, yesterday, said that Nigerian banks closed 234 branches and 649 Automated Teller Machines, ATMs, in 2020 leading to ...
News
Nigeria: DBN Disburses N190bn To 7,000 SMEs
The Development Bank of Nigeria (DBN) disbursed N190 billion to 7000 Small and Medium Enterprises (SMEs) in 2020 alone, the bank’s Executive Director/Chief ...
Nigeria
YC-backed Nigerian fintech Lemonade Finance raises $725k pre-seed funding round
The Y Combinator-backed Nigerian fintech startup Lemonade Finance has raised a US$725,000 pre-seed funding round to help it scale. A participant in Y Combinator’s ...
News
Nigeria: SEC assures Lagos Free Zone of regulatory support
The Director-General of the Securities and Exchange Commission, Mr Lamido Yuguda, has commended the efforts of the management of the Lagos Free Zone ...