1:10
flags
16 Sept 2024

PalmPay launches USSD service for Nigerian consumers

The USSD service will allow PalmPay customers to conduct transactions without connecting to the internet.
1:00
flags
6 Aug 2024

MTN Nigeria takes full control of MoMo bank for $4.6m

The telecom provider said this deal will simplify and strengthen MoMo PSB operations.
1:30
flags
8 May 2024

NGO threatens to sue Nigeria over cyber security levy

The Central Bank of Nigeria instructed banks and other financial institutions this week to apply a 0.5 percent cyber security fee on all electronic transfers.
2:20
flags
23 Nov 2023

Nigeria tightens laws to tackle yearly cyber-crime losses of $500m

According to the Nigerian Communications Commission, cyber-crime costs the country $500 million per year, and includes hacking, identity theft, cyber terrorism, harassment, and internet fraud.
1:50
flags
11 May 2023

Nigeria approves blockchain policy to shore up economy

The Nigerian government has since directed relevant regulatory bodies to start work on developing regulatory instruments for deployment of the technology.
3:50
flags
13 Mar 2023

MTN Group reports 2022 runaway success, bumps dividends

The mobile operator reported an expansion in return on equity to 23.4% and a 10% increase in the dividend to 330 cents per share in full year results 2022.
2:00
flags

Fintech use surges in Nigeria as volatility hits local currency

Between October and December 2022, the value of mobile-money transactions jumped by 25% to 2.5-trillion Naira.
1:50
4 Dec 2020

WorldRemit Leads the Way Offering a USD Payout Option in Nigeria

New CBN rules allow beneficiaries to withdraw funds in USD to boost formal remittances to Nigeria
2:00
flags
18 Feb 2014

Nigerian central bank expands SWIFT payments adoption

Nation has become the twentieth in Africa to adopt the system for both local and global use.
1:00
flags
18 Nov 2013

‘Nigeria’s cashless policy could curb corruption’

Governor of Akwa Ibom State, Godswill Akpabio, lauds the Central Bank of Nigeria’s 2020 cashless vision.