Nigeria
Nigeria: Afreximbank, Nexim Plan $50m Project Preparation Fund for Nigerians
African Export-Import Bank (Afreximbank) and Nigeria Export-Import Bank (NEXIM) have announced a mobilization of up to $50 million project preparation funds for investments ...
Nigeria
Nigeria’s Remittance Platform Cowrie Gets $750k Investment from SDF
With the renewed interest in remittances by the Nigerian government through the Central Bank of Nigeria, remittance platforms are gearing up to improve ...
Nigeria
CBN disburses $80m weekly for school fees, BTAs
The Central Bank of Nigeria (CBN) has claimed that at least $80m were disbursed to banks on a weekly basis to enable Nigerians ...
News
Nigerian fintech of the unbanked Bankly raises $2M led by Vault
Nigeria remains a largely cash-dominated country. There are more than 100 million adult Nigerians, of which more than half have little or no ...
News
Lagos Bus Services commence deployment of contactless payment card to commuters
The Managing Director/Chief Executive Officer of Lagos Bus Services Limited (LBSL), Mr Idowu Oguntona, has announced that the company commenced deployment of the ...
Nigeria
NSE Consumer Goods index contracts by 1.46% to close at 531.97 index points
The NSE Consumer goods index retraced the previous week’s gains of 2.18%, by about 67%. The Nigerian Stock Exchange Consumer Goods Index (CGI), ...
News
BOI secures N300 million loan for creative sector – VP Osinbajo
Vice President Yemi Osinbajo announced that the Bank of Industry(BoI), has secured a N300 Million loan for Nigerian creatives, the loan is also ...
Africa
CBN plans to issue N570.4m treasury bills in Q2
The Central Bank of Nigeria (CBN) has disclosed its plan to issue treasury bills worth N570.4m in the second quarter. The CBN disclosed ...
Nigeria
N6.98 USSD flat rate will stabilise payment system, says CBN
The Central Bank of Nigeria (CBN) has said the harmonisation of all Unstructured Supplementary Service Data (USSD) fees to a single rate of ...
Nigeria
CBN launches talents, artwork and skills competition
The Central Bank of Nigeria has launched a Talents, Artworks and Skills competition for Nigerians between the ages 18 and 35 as part ...