Financial Services
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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CBN Stops Three Free Monthly Withdrawals for Customers Using Other Banks’ ATMs, Imposes More Charges
The Central Bank of Nigeria (CBN) has announced that customers will now be charged when they use Automated Teller Machines...
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SC Ventures and Yabx Invests $10M in Furaha to Transform Education Financing in Africa
SC Ventures, the innovation and fintech arm of Standard Chartered, and Yabx Technologies, a subsidiary of Tech Mahindra, have jointly...
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Call for Applications: Providus Bank SME Program
Providus Bank in partnership with Enterprise Development Centre has created the Providus Bank SME Program to build the capacity of...
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SVC Announces $150 Million Fund For Ventures in Sub-Saharan, Africa Saudi Arabia and MENA Region
Saudi Venture Capital (SVC) has announced its investment in Global Ventures III, an early-stage venture capital fund managed by Global...
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Interswitch and FSI Train 100 Nigerians in Software Testing Program
Interswitch and Financial Services Innovators (FSI) have successfully trained 100 young Nigerians in software testing through the FSI Intensive Software...
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CBN Restricts Daily POS Transaction for Individuals to N100,000, Cumulative Daily Transaction Limit for Agents to N1,200,000
The Central Bank of Nigeria (CBN) has introduced a daily transaction limit of N100,000 per customer for cash-out transactions conducted...
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Nigeria National Assembly Authorizes SEC to Regulate Online Forex Trading Platforms
The Nigerian National Assembly has conferred extensive regulatory authority on the Securities and Exchange Commission (SEC) to oversee online forex...
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