Instead, it will be integrated into the new platform alongside other payment solution providers
Public institutions in Nigeria have a knack for policy inconsistency. They can aggressively pursue a course of action one moment ...
The decision, which is the first hold in three years, was announced by the Governor of the CBN, Yemi Cardoso, ...
With 311.6 million active bank accounts in Nigeria, even a single monthly withdrawal per account could generate huge profits
Added to this, if the ATM is located off-site—outside a bank’s premises—users will incur a surcharge of up to ₦500 ...
Central Bank of Nigeria’s quarterly statistical bulletin indicates that the indebtedness of the telecommunication companies (telcos) and the other ICT ...
The economy grew by 3.46 per cent in Q32024, with output reaching ₦20.115 trillion, up from 3.19 per cent (₦18.285 ...
…aims to promote a cashless economy and enhance financial transparency in agency banking operations
Amid liquidity challenges in the financial sector, Nigerian banks borrowed an estimated N9.97 trillion from the Central Bank of Nigeria ...
The government plans to increase revenue from EMTL by expanding its scope to include transactions on financial technology (fintech) platforms
A particularly telling social media comment sums it up: “From being Nigeria’s most tech-savvy bank to worse than microfinance institutions—GTBank ...
The Central Bank of Nigeria (CBN) has issued fresh guidelines for interbank foreign exchange trading via the Electronic Foreign Exchange ...
…could impact borrowers, leading to an uptick in loan defaults and non-performing loans for banks
However, the high fees charged by some agents are projecting unfairness
The Central Bank of Nigeria (CBN), said that “Regular stress testing is conducted to identify potential vulnerabilities, helping to ensure ...
The Techeconomy Podcast is a thought-leadership show exploring the powerful intersection of technology, business, and the economy, with a strong focus on Africa’s fast-evolving digital landscape.
Africa’s digital economy is growing fast, but growth without trust cannot last.Join us for the February Edition of the Techeconomy Business Series as industry experts explore how trust, security, innovation, and user experience are shaping Africa’s evolving digital ecosystem.
