News
Nigeria’s FX Reserve Rises to $32.8bn After 10-Week Decline
After a 10-week decline amounting to $1.8 billion, Nigeria’s foreign exchange reserve has begun to recover, showing a steady increase over the past ...
Global
Global: Revolut Introduces Enhanced In-App Verification to Combat Mobile Theft
Revolut has introduced an additional in-app identity verification feature designed to safeguard customers who have had their unlocked phones stolen or whose password ...
News
Nigeria: CBN Supervision in Financial Sector’s Best Interest, Say Bank Directors
The Bank Directors’ Association of Nigeria (BDAN) has expressed confidence that the Central Bank of Nigeria’s (CBN) decision to revoke the license of ...
News
Nigeria: World Bank Highlights Fintechs as Crucial to Bridging Nigeria’s Financial Inclusion Gap
Fintech companies can significantly improve financial inclusion in Nigeria by leveraging mobile money, digital payment platforms, and digital wallets to reach underserved populations, ...
News
Nigeria: CBN and IFC Forge Strategic Alliance to Strengthen Nigeria’s Private Sector
The Central Bank of Nigeria (CBN) and the International Finance Corporation (IFC), a member of the World Bank Group, have embarked on a ...
Global
Global: Mastercard Enhances Open Banking Platform for Seamless Account Management
Mastercard has upgraded its Open Banking platform to facilitate automatic switching of direct deposits and recurring bill payments when individuals open or update ...
News
Nigeria: CITN President Advocates Streamlined Tax System for Increased Revenue
The President of the Chartered Institute of Taxation of Nigeria (CITN), Samuel Agbeluyi, has underscored the importance of implementing fewer, well-managed taxes to ...
News
Nigeria: Insurance Sector Urged to Embrace Digital Adoption to Boost Penetration
Enterprise Life Nigeria has called for widespread digital adoption in the insurance industry to enhance financial inclusion and education for Nigerians. Mrs. Funmi ...
Global
Global: Peru Adopts India’s UPI Technology for Real-Time Payments
Peru has become the latest country to collaborate with NPCI International Payments to develop a real-time payments system modeled after India’s Unified Payments ...
News
Nigeria: Fidelity Bank Launches N127bn Public Offer to Boost Capital Base
Fidelity Bank has initiated the process to raise approximately N127.1 billion through a public offer and rights issue to its existing shareholders, aiming ...