Naira Redesign: CBN Orders Deposit Banks to Open on Saturdays by Justice Godfrey Okamgba November 18, 2022 0 Finance “Consequently, you must return all the current N200, N500, and N1,000 banknotes to your bank before the expiration of the ... Read more
We are Concerned that Fintechs will Outperform Traditional Banks, says CBN by Justice Godfrey Okamgba November 3, 2022 0 Finance In his speech, Emefiele mentioned that there is "the concern of fintech outcompeting traditional banks, with attendant profitability risk," or ... Read more
Nigerians Banks Laid off Almost 2000 Workers in 2021 by Justice Godfrey Okamgba October 18, 2022 0 Finance Those employed in commercial banks, merchant banks, and non-interest banks made up the workforce Read more
Stakeholders Accuse CBN, NDIC, AMCON for Stifling Banks’ Growth by Justice Godfrey Okamgba October 17, 2022 0 Finance The Directors say operators have access to around 50 percent of the money for lending and other investments, banks are ... Read more
E-Payment Transactions in Nigeria Shrink to N32.84tr Due to Network Issues by Justice Godfrey Okamgba October 10, 2022 0 Finance The data by NIBSS revealed that the N33.2trillion report in August 2022 was the all-time high e-payments value recorded since ... Read more
CEO of Nigerian Fintech NowNow, Sahir Berry, Bags Fintech Leader of the Year Award by Justice Godfrey Okamgba October 7, 2022 3 StartUPs Sahir Berry, CEO and Co-founder of NowNow Digital Systems, has emerged as the ‘Fintech Leader of the Year’ at the recently concluded 2022 ... Read more
Blockchain Associations Forum Pleads with CBN to Rescind Anti-crypto Directive by Justice Godfrey Okamgba October 6, 2022 0 News The Central Bank of Nigeria (CBN) has been encouraged by the Blockchain Technology Association of Nigeria (SiBAN) to review its ... Read more
CBN may Increase Fintechs’ N2b Capital Benchmark by Justice Godfrey Okamgba September 28, 2022 0 Finance The ecosystem accounted for 63 percent of the $1.37 billion in funding raised in Nigeria in 2021. Read more
BREAKING: CBN Increases Interest Rate from 14% to 15.5% by Justice Godfrey Okamgba September 27, 2022 0 Finance To combat growing inflation, the Central Bank of Nigeria's (CBN) policy-setting council increased the Monetary Policy Rate (MPR), which measures ... Read more
CBN says Banks’ Deposits Rose by 24% to N42tn by Yinka Okeowo September 15, 2022 0 Finance “This notable increase was achieved amidst a continued decline in non-performing loans ratio from 5.3 percent in April 2022 to ... Read more
Interswitch, ACI Host Financial Players to Discuss Payment Infrastructure by Justice Godfrey Okamgba July 21, 2022 0 Commerce Interswitch leads the integrated payments and digital commerce in Africa leveraging the technology provided by ACI and making it available ... Read more
Banks Must Seek Approval for e-Payment Product Development, says CBN by Yinka Okeowo July 12, 2022 0 Finance The Apex bank noted that ignoring the rules guiding e-payment product development will henceforth attract sanctions. Read more
Lagos State Introduces New Resident Card Usable for LSETF, BRT, ATMs, Others by Yinka Okeowo February 15, 2022 0 News … Urges Residents to Register/Validate Information on Website Read more