News
Nigeria: Wema Bank Strengthens Security Measures, Suspends Several Fintech Partners
Wema Bank has announced the suspension and removal of approximately seven fintech partners from its payment gateway platform due to fraudulent activities. This ...
Nigeria
Nigeria: CBN Reduces Loan-to-Deposit Ratio to 50% to Tighten Monetary Policy
In a move to further tighten monetary policy, the Central Bank of Nigeria (CBN) has announced a significant reduction in the Loan-to-Deposit Ratio ...
News
Nigeria: CBN Governor Explains Reasons Behind Depletion of External Reserves
In a recent discussion at the International Monetary Fund/World Bank Spring Meetings in Washington D.C., the Governor of the Central Bank of Nigeria ...
News
Nigeria: Naira Strengthens in the Market, BDCs Purchase Dollar at N980 – ABCON Reports
The Association of Bureau De Change Operators of Nigeria (ABCON) has observed a notable appreciation of the Naira, with Bureau De Change operators ...
News
Nigeria: CBN and NIPSS Partner to Boost Job Creation through Nigeria’s Digital Economy
The Central Bank of Nigeria (CBN) and the National Institute for Policy and Strategic Studies (NIPSS) have announced a collaborative initiative aimed at ...
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Nigeria: Central Bank of Nigeria Focuses on Digital Advancements for Economic Growth
The Central Bank of Nigeria (CBN) has reaffirmed its dedication to utilizing digital technology to promote financial inclusion and spur economic development. This ...
News
Nigeria: Minister Bosun Tijani Spearheads National AI Strategy Workshop with Over 120 Delegates
On August 28, 2023, the Federal Ministry of Communications, Innovation and Digital Economy, led by Dr. Bosun Tijani, teased the upcoming National Artificial ...
Nigeria
Nigeria: Finance Ministry Launches New System to Track Tax Exemptions
The Federal Ministry of Finance has introduced the Incentive Monitoring and Evaluation Platform (IMEP), a sophisticated digital system aimed at improving the management ...
News
Africa: MTN Expands MoMo Mobile Money Service Across Africa
MTN has significantly expanded its Mobile Money (MoMo) service by adding 25 new wallet corridors across 10 African countries, increasing its reach to ...
News
Nigeria: SEC to Enhance Market Stability with Upcoming CMC Virtual Meeting
The Securities and Exchange Commission of Nigeria is set to host its first Capital Market Committee (CMC) meeting of 2024, which will be ...