Nigeria
CBN, NDIC to set up bridge bank for struggling financial institutions
The Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) have been empowered to set up a Banking Sector Resolution ...
Nigeria
Customers’ deposits with fintech firms to be insured – NDIC
The Nigeria Deposit Insurance Corporation (NDIC) is fine-tuning its current regulatory framework towards protecting depositors from dangers that could arise from several emerging ...
Nigeria
CBN mulls blockchain in financial sector
The Central Bank of Nigeria (CBN), through an inter-agency committee and the FinTech Association of Nigeria (FintechNGR) is exploring blockchain adoption for the ...
Nigeria
President Buhari assents to Banks, Financial Institutions’ Act
President Muhammadu Buhari has assented to the Banks and Other Financial Institutions (BOFI) Act 2020. A statement by his Senior Special Assistant on ...
Nigeria
NDIC, CBN battle safety issues in Nigeria’s fintech environment
The Nigeria Deposit Insurance Corporation (NDIC) yesterday said it will adopt financial technology (fintech) solutions and tools to modernize its data collection and ...
Nigeria
Broadband penetration hits 45 percent, says Minister
The Federal Government has announced that broadband penetration has hit a record of 45. 43 percent to drive the nation’s economy, especially the ...
Nigeria
Financial services can attract $10bn through blockchain – NITDA
The financial services sector in Nigeria has the capacity to attract about $10bn to the nation’s economy through adequate deployment of blockchain technology, ...
Nigeria
Nigerian rental financing startup Kwaba secures funding round
Nigerian startup Kwaba, which helps low and middle income earners to split their annual rent into convenient monthly installments, has raised a funding ...
Nigeria
Why solving Nigeria’s housing problem is beyond proptech startups for now
Getting an apartment in Lagos, Nigeria’s economic hub, is challenging and sometimes frustrating. “House hunting in Lagos is an extreme sport,” exclaims a ...
Nigeria
CBN releases framework for N75bn youth investment fund
The Central Bank of Nigeria (CBN) has released guidelines for implementation of the proposed N75 billion Nigeria Youth Investment Fund (NYIF). CBN, in ...
