Nigeria
CBN Intervention Fund: We have disbursed N38B to 81,000 applicants – NIRSAL MD
30,000 applications denied 700 applications pending The Managing Director NIRSAL MfB, Abubakar Abdullahi Kure has stated that N38B (Thirty Eight Billion Naira) has ...
Nigeria
CBN unveils plans for non-interest facility in Anchor Borrowers’ Programme
Targets N432 billion for 2020 wet season To avert another round of recession in the country, the Central Bank of Nigeria (CBN), has ...
Nigeria
CBN should intervene in maritime industry ― Shippers Council
Sets 2021 target for ports digitization, Freight forwarders to re-capitalise The Nigerian Shippers Council (NSC) has appealed to the Central Bank of Nigeria ...
Regulatory
There is a Clear Disconnect Between the Fiscal and Monetary Policies of the Government – Chioma Nkechika
The Chief Executive Officer of Coralpay Limited, Chioma Nkechika has stated that available statistics of banked customers vis-à-vis mobile subscribers and the chain ...
Nigeria
Nigeria’s Fintechs project $543 million revenue growth in 2022
The number of fintech companies in Africa grew at a yearly rate of 24 per cent between 2009 and 2019, fuelled mostly by ...
Nigeria
Petroleum Regulator Releases Strategic Plan for Oil Industry Survival
The Department of Petroleum Resources (DPR), Nigeria’s oil sector regulator, has released what it described as the strategic plan and policy for the ...
Nigeria
You cannot financially include someone who is economically excluded– Yele Okeremi
The Chief Executive Officer of Precise Financial Systems, Dr. Yele Okeremi has stated that for people to be financially included, they must first ...
Startup
Nigerian fintech Sycamore.ng unveils peer-to-peer lending platform to enhance access to finance
To address the challenge of access to finance and capital stimulus for small and medium-sized businesses, Sycamore.ng unveiled a product that will provide secured loans ...
Innovation
Digital banks: ALAT, Kuda, Rubies, Eyowo, V by VFD, and Sparkle compared
After 75-year-old Wema bank launched ALAT in 2017, we have witnessed the launch of a digital bank every year since then. This year ...
Nigeria
FIRS issues public notice on VAT Deduction to Businesses in the Oil and Gas sector
The Federal Inland Revenue Service, FIRS, has issued a public notice on deduction of Valued Added Tax, VAT at sources by companies operating ...