LAPO Disburses Over N74b in H1 2023, Targets N200b
LAPO Microfinance Bank Limited (LAPO MfB), a prominent microfinance institution based in Nigeria, has reported that it disbursed over N74 ...
Tag: CBN
Bank Customers Lost N472m to Fraudsters in Q1 2023
Bank customers in Nigeria lost a total of N472 million to fraudsters in the first quarter of this year, according ...
CBN Seeks Consultant to Implement Payment System Vision 2025
The Central Bank of Nigeria (CBN) has announced its intention to engage a consultant to drive the implementation of the ...
CBN Addresses Failed Bank Transactions, Returns N115.45b to Consumers
The financial sector, particularly the banking industry, has been undergoing significant transformations with the advent of disruptive technologies in financial ...
Nigerian Banks Warned about Transactions with High-Risk Countries
The Central Bank of Nigeria (CBN) has issued a cautionary message to Nigerian banks, urging them to exercise caution when ...
Former Nigerian Finance Minister Lands World Bank Job Amid Controversy
According to reports, Zainab Ahmed, the former Minister of Finance, has secured a job as an Alternate Executive Director at ...
CBN says Borrowing now Expensive as Banking Industry Growth Slows
According to Aishah Ahmad, the Deputy Governor of the Financial System Stability Directorate at the Central Bank of Nigeria (CBN), ...
World Bank Warns of Potential Increase in Poverty amid Removal of Fuel Subsidy
According to the World Bank, if the Nigerian government doesn't compensate or provide support, approximately 7.1 million impoverished Nigerians could ...
CBN Resumes Offer Quotes for Naira-Settled OTC FX Futures
The recent announcement by the Central Bank of Nigeria (CBN) indicates that it will resume providing offer quotes for Naira-Settled ...
Building Resilience in FinTech Business (Part Two): Risk Management and Compliance
By: Fintech Association of Nigeria The ever-changing regulatory climate necessitates the need for prudent risk management and compliance, particularly within ...
Bank of America: Naira Undervalued After Foreign Exchange Reform
The Bank of America (BoA) has stated that it considers the Nigerian currency, the naira, to be undervalued after the ...
PalmPay Reaches 25m Nigerian Users, Focusing on Financial Inclusion
PalmPay, an Africa-focused fintech platform, announced on Tuesday that it has achieved a user milestone of 25 million on its ...
PZ Cussons Warns of Potential Revenue Losses Due to Currency Volatility
PZ Cussons, the company behind Carex soap and Imperial Leather, has cautioned that the volatility of the Nigerian currency may ...
Subsidy Removal: $800m Loan was Granted in 2021, says World Bank
In a recent event assessing Nigeria's economy over the past six months, the World Bank clarified that the approved $800 ...
Data Harmonization: CBN Doesn’t Need to Collect Social Media Handles
In a move that has raised concerns among Nigerians, the Central Bank of Nigeria (CBN) recently mandated commercial banks to ...