Currency FeaturedNigeria launches Africa’s first digital currency after banning crypto exchangesIFM CorrespondentOctober 28, 2021 by IFM CorrespondentOctober 28, 2021 The e-Naira could potentially boost Nigeria's GDP by $29 bn over the next decade... Read more
Economy FeaturedNigerian economy to grow by 3% in 2021: Central Bank governorWebAdminSeptember 15, 2021 by WebAdminSeptember 15, 2021 This announcement comes after lockdown measures were eased and vaccination was increased, leading to a boost in travel and tourism... Read more
Currency FeaturedCentral Bank of Nigeria caps transfer limit for e-Naira at N50,000WebAdminSeptember 1, 2021 by WebAdminSeptember 1, 2021 According to the central bank, e-Naira will be officially unveiled later this year... Read more
Banking FeaturedNigeria’s central bank issues new guidelines to further regulate MMOsWebAdminAugust 11, 2021 by WebAdminAugust 11, 2021 Regulatory changes were made in this regard previously in 2015... Read more
Banking FeaturedNigerian digital bank Kuda secures $25 mn Series A fundingPritam BordoloiMarch 19, 2021 by Pritam BordoloiMarch 19, 2021 The funding round was led by New York-based venture capital firm Valar Ventures... Read more
Featured ForexNigeria to resume forex sales to the Bureaux de Change operatorsInternational Finance Business DeskOctober 6, 2020 by International Finance Business DeskOctober 6, 2020 The central bank has injected $51.8 million into the foreign exchange market... Read more
Banking FeaturedNigeria suspends layoffs for banks despite difficult timesInternational Finance Business DeskMay 7, 2020May 7, 2020 by International Finance Business DeskMay 7, 2020May 7, 2020 Commercial lenders will have to seek approval from the central bank to implement job cuts... Read more
FintechCBN to strictly regulate Nigeria’s fintech sectorPritam BordoloiOctober 22, 2019 by Pritam BordoloiOctober 22, 2019 The central bank is also identifying illegal fintech companies and bringing them under regulatory control... Read more
TelecomCBN objects MTN Nigeria’s USSD transactions chargePritam BordoloiOctober 21, 2019 by Pritam BordoloiOctober 21, 2019 MTN is expected to start charging its customers on the directive of bankers committee... Read more
FintechNigerian startup Kuda raises $1.6 mn in pre-seed fundingInternational Finance DeskSeptember 11, 2019December 17, 2019 by International Finance DeskSeptember 11, 2019December 17, 2019 The proceeds from the funding might be used for it to transition from beta to live launch of its online mobile finance platform... Read more