Finance and Fintech

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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Inflows through IMTOs surge by 39% in Q1 2024 on CBN reforms
July 23, 2024

The Central Bank of Nigeria (CBN) has reported a 39% increase in inflows through International Money...

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Climate firms get 45% of African funding, fintechs raise $158m
June 20, 2024

The gloomy global economy portends danger for startups, especially fintechs, according to ‘Africa: The Big Deal...

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Report Explores Surge In Fintech Innovation In Africa
June 20, 2024

A new report by BDO Africa has explored how transformative technology within the African Fintech landscape...

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World Bank affirms 3.3% economic growth forecast for Nigeria
June 13, 2024

The World Bank yesterday affirmed its 3.3 per cent economic growth forecast for Nigeria in 2024...

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