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Finance
BusinessFinanceTechnology
Nigerian Fintechs Halt New Account Openings Following Regulatory Directives
Several prominent Nigerian fintech companies, including Kuda Bank, Moniepoint, OPay, and Palmpay, have ceased opening new customer accounts following a directive from the...
BusinessFinanceTechnology
OPay’s Valuation Surges Over 30% Amid Nigeria’s Digital Payments Boom
OPay, the Nigerian fintech startup supported by Sequoia Capital and Softbank, has experienced a remarkable 30% increase in valuation since its Series C...
FinanceNews
Standard Chartered Bank Names Dalu Ajene as CEO for Nigeria Operations
Standard Chartered Bank has appointed Dalu Ajene as the Chief Executive Officer of its operations in Nigeria. With over 23 years of experience...
FinanceNews
CBN engages private sector to boost Foreign Direct Investment in Nigeria
The Central Bank of Nigeria, CBN, announced its engagement with various private sector executives to boost Foreign Direct Investment (FDI) in Nigeria. CBN...
Finance
Kogi Received N413bn Under Yahaya Bello’s Administration– BudgIT
Recent data by BudgIT has shown that the federal allocations Kogi State received under former governor, Yahaya Bello’s administration was a total of...
BusinessFinanceTechnology
Stripe Transforms Financial Services with Platform Update
Stripe, a leading financial technology company, maintains its position with a valuation of $65 billion and a staggering $1 trillion in total processed...
BusinessFinanceNews
Family Businesses play significant role in Nigeria’s economy – LBS
The Dean of Lagos Business School (LBS), Professor Chris Ogbechie, has advised entrepreneurs on how family businesses can boost Nigeria’s economy and sustainability...
FinanceNews
Just In: EFCC Declares Yahaya Bello Wanted Over Alleged N80.2bn Fraud
The Economic and Financial Crimes Commission (EFCC) has declared the former governor of Kogi State, Yahaya Bello, wanted for offences relating to economic...
BusinessFinanceNews
CBN Reduces Banks’ Loan-to-Deposit Ratio to 50%
The Central Bank of Nigeria (CBN) has slashed banks’ Loan-to-Deposit Ratio (LDR) from 65% to 50% to enhance lending to the real sector...
BusinessFinanceNews
CBN reduces commercial banks access to loans by 50%
The Central Bank of Nigeria (CBN) has reduced the loan-to-deposit ratio (LDR) for commercial banks from 65% to 50% as a means to...
BusinessFinanceNews
Wema Bank Reports Fraud Losses Amid Impressive Growth for 2023
Wema Bank, a Nigerian tier-2 financial institution holding ₦1.8 trillion ($1.6 billion) in consumer deposits, reported ₦685 million ($594,943) in fraud and forgery...
