Nigeria
Government extends deadline for Telcos to block SIMs without National Identification Number
The Federal Government of Nigeria has extended the deadline for registration of SIMs with National Identification Number, (NIN) as well as the cancellation ...
Nigeria
Diaspora Remittances into Nigeria fall 27% to $12.9bn
Diaspora remittances into Nigeria have fallen by 27 percent, year-on-year (y/y) to $12.9 billion as at September 2020 from $17.6 billion in the ...
Nigeria
CBN, 9mobile, others offer insights on financial inclusion deepening
The Central Bank of Nigeria (CBN), 9mobile, Ecobank and Sanef, have offered a road map towards deepening financial inclusion in the country. They ...
Nigeria
InfraCo Africa Invests $27m in InfraCredit to Finance Infrastructure
InfraCredit, a specialised local currency infrastructure credit guarantee institution, has announced the completion of a $27 million equity investment by InfraCo Africa, part ...
Nigeria
FG suspends issuance of Free Trade Zone licenses
The FG has announced the suspension of the issuance of licences for the operations of Free Trade Zones across the country. The Federal ...
Nigeria
Nigeria’s diaspora remittance inflows could rise to $2bn monthly — Emefiele
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said that following the introduction of the new Diaspora Forex Remittances ...
Nigeria
Cost of providing banking services too high – CBN
THE Central Bank of Nigeria (CBN) has advises banks and other financial institutions to reduce the cost of providing banking services to their ...
Nigeria
Fintech space grew 800% during COVID-19 as CBN lists pandemic lessons
Fintech space grew 800% during COVID-19 as CBN lists pandemic lessons Despite the pandemic, the Financial Technology (Fintech) payment space in Nigeria grew ...
Nigeria
CBN charges stakeholders on implementation of framework on financial inclusion gender gap
The Deputy Governor, Financial System Stability, CBN, and Chairperson of the National Financial Inclusion Technical Committee, Mrs. Aisha Ahmad, has charged stakeholders ...
Intelligence
Nigeria needs to spend $3 trillion in over 30 years to bridge infrastructural gap – Moody’s Report
Moody’s has revealed that Nigeria needs to spend about $3 trillion in over 30 years to bridge the infrastructural gap experienced in the ...