Finance and Fintech

How fintechs struck gold in Nigerian market amid trust concerns—Chika Nwosu
November 14, 2024

With billions of dollars in monthly transaction value and hundreds of millions in volume, fintechs have...

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52% of Nigerian adults have bank accounts in 2023 — CBN
November 8, 2024

The Central Bank of Nigeria (CBN) has disclosed that about 54 million Nigerian adults, representing 52...

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Nigeria on course to lead Africa in open banking – Uzoma Dozie
October 24, 2024

The Founder and Chief Executive Officer of Sparkle, a Nigerian digital bank, Dozie Uzoma, has said...

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Nigeria needs $100bn annually for infrastructure financing – FCMB
October 17, 2024

The Managing Director of First City Monument Bank, Yemisi Edun, has revealed that Nigeria requires an...

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Palmpay, OPay, other mobile money operators process N41.5 trillion transactions in 7 months
October 10, 2024

Data released by the Nigeria Inter-Bank Settlement Systems (NIBSS) has revealed that licensed mobile money operators...

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Fintechs lead as African startups raise $138 million in September 2024—Report
October 10, 2024

African startups announced a total of $138 million in September 2024, encompassing equity, debt, and grants....

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‘Nigeria Can Earn $1bn Annually From Carbon Finance’
October 1, 2024

For a nation too long distracted by crude oil earnings, $1 billion earning possibilities exist for...

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Active bank accounts in Nigeria rise to 231.1 million in July 2024—NIBSS
October 1, 2024

The Nigeria Inter-Bank Settlement System (NIBSS), has revealed that the number of active bank accounts in...

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CBN says new IMTO licences push Nigeria’s remittance inflows to $585 million in August 2024
October 1, 2024

The Central Bank of Nigeria (CBN) has said that its recent decision to licence more International...

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Ivory Coast becomes Nigeria’s biggest trade partner in Africa after N2.05 trillion crude oil imports
September 17, 2024

Nigeria has been listed as one of the top 3 countries in the world where Central...

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Remittances Hit All-time High In July At $553m – CBN
August 22, 2024

The Central Bank of Nigeria (CBN) has reported a significant increase in remittance inflows, reaching $553...

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Nigeria records 55% increase in net FX flows to $25.4 billion in first six months of 2024
August 12, 2024

The Central Bank of Nigeria (CBN) has said that the results of its policy measures are...

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