Economy

The Central Bank of Nigeria (CBN) disclosed that lenders, including commercial banks and other financial institutions, recorded higher default rates...

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has announced the opening of its ₦148.7 billion Rights Issue....

Positive social impact is often only associated with governments or NGOs, organisations which are doing good without the motivation of...

In terms of transaction volume, there was an 8% year-on-year increase, with 1.5 billion PoS transactions recorded in 2024 compared...

Africa’s Payment Trends and 2025 Outlook

Highlights The UK’s Minister of State for Development, Anneliese Dodds, announced up to £100 million for MOBILIST, the UK’s flagship...

Nigeria is a cash-driven economy. Yet, today, when cash is needed, the default option isn’t the bank’s ATM but the...

The number of active bank accounts in Nigeria has increased to 311.65 million, as of December 2024. The rise in...

The Lagos State Internal Revenue Service (LIRS) has reiterated that the provision of Free West African Examinations Council, WAEC registration...

The nascent growth in the Nigerian private sector seen at the end of 2024 was sustained into the first month...

The Nigeria Police Force once again reiterates the enforcement of the Mandatory Third (3rd) Party Insurance which will commence on...

Everyone is looking forward to 2025 for different reasons. For some, this is the year to finally get their crypto...

The company recorded a 4% rise in overall revenue, reaching $124.3 billion, while net income climbed to $36.33 billion, a...

Nigeria has secured a loan of $1.1 billion from the African Development Bank (AfDB) to provide electricity to 5 million...

Aradel Holdings Plc has reported a profit before tax of N321.6 billion for the year ended December 31, 2024.