Economy
Verve Ranked in the 2025 Global Payments Power 50
Verve International, Africa’s first and largest domestic payments scheme and a subsidiary of the Interswitch Group, has been named in...
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Financial Automation Market Booms: Driving Forces Behind a 14.2% CAGR Growth
The financial automation market was valued at USD 6.6 billion in 2023 and is projected to grow at a CAGR...
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Naira Declines to N1,528/$1 in Official Market
The naira declined to N1,528.03/$1 in the official market on Monday, dropping 0.66% to N1,528.03 from last week's closing rate...
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Nigeria’s Foreign Debt Service Hits to $5.47 Billion
The Central Bank of Nigeria (CBN) has disclosed that foreign debt service gulped about $5.47 billion between January 2024 and...
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MTN Splits Fintech Operations in Nigeria, Ghana, and Uganda to Finalise Mastercard Deal
MTN CEO Ralph Mupita revealed that Ghana and Uganda are already in advanced stages of the process, while Nigeria's regulatory...
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Nigeria, Barbados Strengthen Trade Ties as Finance Minister Meets PM Mottley
Wale Edun, minister of Finance and coordinating minister of the Economy (Nigeria), has met with the Prime Minister of Barbados,...
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What to Know about Stanbic IBTC Pension Managers’ MyPension Portal
In a significant move to streamline pension management and enhance customer experience, Stanbic IBTC Pension Managers, a prominent Pension Fund...
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Naira Rebounds, Closes at ₦1,517/$1 After Week-Long Decline
The Nigerian naira had a comeback on Friday, closing at ₦1,517.93/$1 in the official market after a 2.1% appreciation from...
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FirstBank Says N550 Million Fraud Allegations Unfounded, False
First Bank Nigeria Limited (FirstBank), has denied allegations of fraud level against the bank by a customer. Recall that Dr....
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Asian Banker Awards: FirstBank Maintains Dominance in SME Banking across Nigeria
Through a legacy of excellence and Innovation, First Bank of Nigeria Limited, the country’s oldest and most distinguished financial institution,...
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SEC Suspends Centurion Registrars from Capital Market
The Securities and Exchange Commission (SEC) has suspended Centurion Registrars Limited, along with its directors and sponsored individuals, from participating...
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PZ Cussons Shareholders Reject Plan to Convert ₦51.7 Billion Debt to Equity
PZ Cussons Nigeria Plc shareholders have voted against a proposal to convert ₦51.7 billion in outstanding debt owed to its...
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Trump’s Family in Talks to Invest in Binance While Founder Seeks Pardon
This comes as Binance’s founder, Changpeng Zhao (CZ), is said to be seeking a presidential pardon following his issues in...
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XLink Launches ‘XLink Send’ to Address Africa’s $50 Billion Remittance Challenge
XLink Send aims to eliminate these issues by simplifying cross-border payments through strategic partnerships with financial institutions, telecom providers, retailers,...
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Naira Plunges Further Despite CBN Intervention, Closes at N1,550/$1
The Naira closed at N1,550.36/$1 on Thursday, down from N1,538.68/$1 the previous day. This was disclosed in the currency exchange...
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