Finance
Navigating the High Seas of Approval Fees: A Closer Look at Fintech Startups in Nigeria
In response to a recent mandate by the Nigeria Interbank Settlement System Plc (NIBSS), Nigerian banks are required to disengage...
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Civic Group, BudgIT Uncovers MDAs’ Budget Missing in 2024 Appropriation Bill
BudgIT, a leading civic-tech organisation promoting transparency, accountability, and effective service delivery in Nigeria, has raised questions over the proposed...
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Interswitch Advocates Improved Collaboration in the Financial Industry
Akeem Lawal, Managing Director, Payment Processing and Switching (Interswitch Purepay), has underscored the importance of collaboration among financial industry stakeholders...
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CBN Suspends Processing Fees on Cash Deposits
The Central Bank of Nigeria (CBN) has suspended the charging of processing fees of 2 percent and 3 percent previously...
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BII Supports Nigeria’s Agric Sector with $15m Commitment to Valency
British International Investment announces new investment to expand cashew processing and warehousing facilities in Nigeria
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Why Fresh Banks Recapitalisation is on the Radar
CBN Considers N500bn to N1trillion as new banks’ recapitalization
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CBN Admits there’s Naira Scarcity, Gives Reasons
The Central Bank of Nigeria (CBN) has admitted there is scarcity of naira notes in the country, even as the...
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Nigeria’s External Reserves Fall to $33.004bn
…and indication of $520m fall in five weeks
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BEWARE! Fake Naira Notes in Circulation
According to the Central Bank of Nigeria (CBN) “counterfeit banknotes, especially higher denominations, are in circulation. The CBN statement today...
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List of Switches, Super Agents and PSSPs Affected by NIBSS Directive
Earlier this week, the Nigeria Interbank Settlement System Plc (NIBSS) issued a directive on Payment Solution Service Providers (PSSP), removing...
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CMC Connect LLP’ Survey Reveals Gaps in Nigerian Banking Perception
A recently conducted perception survey by the Strategy & Intelligence Service unit of Nigeria`s leading Perception Consulting firm CMC Connect...
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FSDAi Nyala Facility Extends $1mn to WIC Capital to Boost Gender Lens Investing
FSDAi Nyala Facility BV has extended a USD 1 million loan to WIC Capital, a local capital provider investing in...
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NIBSS Directs Banks to Disconnect Non-deposit FIs from Transfer List
The Nigeria Inter-Bank Settlement System (NIBSS) has directed banks to disconnect non-deposit Financial Institutions (FIs) from transfer list. The NIBSS...
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Naira Falls by 17%, Exchanges N951/$
The Nigerian currency, the naira, succumbed further to pressure as it lost 17.91 per cent in exchange value against the...
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Expect Increase in Vehicle Import Duties as CBN Hikes FX for Cargo Clearance to N951/$
Information available to Techeconomy shows that importers will pay more import duty for the clearance of their cargoes at the...
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