Financial Services

CBN Restricts Daily POS Transaction for Individuals to N100,000, Cumulative Daily Transaction Limit for Agents to N1,200,000

December 18, 2024

Nigeria National Assembly Authorizes SEC to Regulate Online Forex Trading Platforms

December 17, 2024

Agriculture&Agro-Allied

World Bank to Decide on $500M Loan for Nigeria’s Rural Access and Agricultural Marketing

December 13, 2024

Accion Microfinance Bank to Provide N60 Billion Loans For MSMEs

December 12, 2024

Financial Services

Accion Microfinance Bank High Points Digital lending and Financial Inclusion Impacts on SMEs

Accion Microfinance Bank’s Financial Inclusion Seminar, To Address Impact of Digital Lending on Informal Sector

November 29, 2024

Accion Microfinance Bank has announced the seventh edition of its Financial Inclusion Seminar, focusing on the impact of digital lending...

CBN Raises Interest Rate To 27.50 Per Cent

November 26, 2024

The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) to 27.50 per cent from 27.25 per...

Africa

African Development Fund releases $99 million for rice value chains cultivations in West Africa

November 21, 2024

The Board of Directors of the African Development Fund has approved initial funding of $99.16 million to develop regional rice...

FCMB and EStars Collaborate to Promote Esports Education in Nigerian Schools

November 21, 2024

First City Monument Bank (FCMB) has partnered with EStars to introduce esports education to Nigerian schools, aiming to equip students...

CBN Warns Nigerians Against Rising SWIFT Transfer Scams; See Action plans for MSMEs and Individuals

November 20, 2024

The Central Bank of Nigeria (CBN) has issued a strong advisory to the public following a surge in fraudulent claims...

Ecobank Partners with Nium to Unlock Real-Time Cross-Border Payments Across 35 African Markets

November 12, 2024

Nium (https://apo-opa.co/3Cl0CMy), the leading global infrastructure for real-time cross-border payments, announced a partnership with Ecobank Transnational Incorporated. (www.Ecobank.com), the leading...

CBN Grants Banks Approval to Trade Idle FX Deposits in Some Dormant Accounts

November 7, 2024

The Central Bank of Nigeria (CBN) has given the green light to the commercial, merchant, and non-interest banks operating in...

ECOWAS and Ecobank Launch Six-Month Training to Empower Women-Led Businesses Across West Africa

October 30, 2024

In a bold step to increase the economic influence of women entrepreneurs, ECOWAS and Ecobank Plc have introduced a six-month...

IFC and CBN Partner to Fund Nigerian Businesses with over $1 billion

October 30, 2024

The International Finance Corporation (IFC) and the Central Bank of Nigeria (CBN) have announced a new initiative to boost Nigeria’s...