One of the most significant trends in the African payments sector is the increasing collaboration between banks and fintech companies. Banks, as regulated entities, play a critical role in processing funds, which then flow into digital wallets where fintechs are best positioned to provide digital services. By working together, banks […]
BUSINESS
Global technology giant OPPO has once again outdone itself with the stunning Reno8 T series, which was released in Nigeria in March. First of all, the smartphones were a huge success right away. Their pre-orders sold out in a matter of days, setting a record for the industry. They also […]
The Lagos Waste Management Authority, (LAWMA), and the state’s Ministry of the Environment, have paid a field visit to Polysmart, a wholly indigenous multimillion dollar plastic recycling facility, located in Aiyetoro, Lagos-Ibadan Expressway, to explore areas of partnership, towards solving plastic pollution challenge in the state and across the country. […]
The Central Bank of Nigeria has proposed that banks should transfer funds in accounts that have been dormant for up to 10 years into a trust fund account and other government securities. This is contained in the just-released exposure draft of guidelines on the management of Dormant Accounts, Unclaimed Balances, […]
Developmental Regulations, one of the core mandates of the National Information Technology Development Agency (NITDA), and a pillar in the National Digital Economy Policy and Strategy (NDEPS), have been identified as a major attraction of foreign partnership towards talent development by Business Sweden. Business Sweden is a platform for success […]
The Naira depreciated against the dollar on Monday 3rd April 2023, exchanging for N463.50 at the investors’ and exporters’ window. The rate represents a decrease of 0.46 percent when compared to the N461.38 it exchanged to the dollar at the close of business on March 31. The open indicative rate closed […]
The Federal Government has approved the sum of 24.2bn for the provision of broadband internet connection in at least 20 airports, 43 schools and six marketplaces nationwide. The Minister of Communications and Digital Economy, Professor Isa Ali Pantami, announced this on Wednesday while briefing State House reporters after the federal […]
First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced the call for participation in the third season of its FirstBank Management Associate Programme (FMAP). Interested participants are required to submit their application via https://hdbc.fa.em2.oraclecloud.com/hcmUI/CandidateExperience/en/sites/CX. The application is extended to the general public as it closes […]
Since emerging from the recession in 2020, the Nigerian economy has grown for nine straight quarters, according to a statement from the Central Bank of Nigeria (CBN). The government’s initiatives to diversify the economy and lessen reliance on oil exports were credited with the rise. The CBN also attributed the […]
Following the third day of complete implementation of the Supreme Court ruling on the legal tender status of the old Naira banknote, cash transmission has improved in major cities across Nigeria, even though normalcy appears to be taking a while to return. According to research, banks have started dispensing outdated […]