Financial Services
CBN Grants Operating License to New Firm to Boost MSME Support in Nigeria
The Central Bank of Nigeria (CBN) has granted a finance company license to Preferred Finance Company Limited, empowering the newly...
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Sterling Bank Launches ‘AlwaysOn’ to Give up to N1 million Monthly to Eligible Customers
In a historic move, Sterling Bank has announced the migration to SeaBaaS, believed to be Africa’s first-ever indigenous core banking...
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Nigerian Government Launches E-Invoicing Platform to Enhance Tax Transparency and Boost Revenue Efficiency
The Federal Inland Revenue Service (FIRS) has unveiled the Merchant Buyer Solution (MBS) e-Invoicing system, an innovative digital platform aimed...
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DBN, AfDB, NSIA Partner to Launch Youth Entrepreneurship Investment Bank with $2.5 Million Seed Fund
The Development Bank of Nigeria (DBN) has announced the earmarking of $2.5 million for the establishment of the Youth Entrepreneurship...
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Zinox Targets 10,000 Female Tech Empowerment Drive to Reshape Africa’s Digital Future
In a bold move to tackle gender imbalance in the tech sector and accelerate Africa’s transition from a technology-consuming continent...
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Top Nigerian Banks Missing as African Banker Awards 2025 Finalists Are Announced
The African Banker magazine has unveiled the shortlist of nominees for the 2025 edition of the African Banker Awards, with...
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CBN Approves Open Banking Launch, Sets August 2025 Rollout for Data Sharing Across Financial Institutions
The Central Bank of Nigeria (CBN) has officially approved the implementation of open banking in the country, making Nigeria the...
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Wema Bank to Begin 2024 Dividend Payout via Electronic Channels on May 22
Wema Bank Plc has announced that it will commence payment of its approved 2024 final dividend to shareholders on May...
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CIBN Partners with LIMBsimple to Strengthen Nigeria’s Entrepreneurial Ecosystem
The Chartered Institute of Bankers of Nigeria (CIBN) has signed a Memorandum of Understanding (MoU) with LIMBsimple Company Limited, a...
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Naira Falls to N1,605/$1 at Official Market Amid Forex Supply Strain
The Nigerian naira weakened further against the US dollar on Thursday, April 25, closing at N1,605/$1 at the official foreign...
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