Banking, Finance & Investment

The state of the Nigerian currency worsened at the parallel side of the foreign exchange (FX) market on Wednesday as mounting pressure took away N3 from the value of the …

Standard Chartered has agreed on a joint venture deal to launch a digital-only bank in Singapore with the country’s National Trades Union Congress (NTUC). Standard Chartered subsidiary SCBSL is contributing …

World-leading mobile money payment service M-Pesa has reached 50 million monthly active customers, cementing its position as Africa’s largest FinTech platform – an amazing feat on the continent. Launched more …

NOVA Merchant Bank has announced the appointment of Emmanuel Onokpasa as executive director for wholesale bank and treasury. NOVA which announced the appointment in a statement said the Central Bank …

Digital payments have seen tremendous growth in the past couple of years. As of January 2021, 38.9 per cent of the population aged 15 years and older had a mobile …

Central Bank of Nigeria (CBN) has barred the proposed Payments Service Holding Companies (PSHC) from borrowing from the Nigerian banking system for the purpose of capitalising itself or any of …

Central Bank of Nigeria (CBN) has allayed fears over domiciliary account deposits as it dismissed rumours of plans to convert foreign exchange in customer’s domiciliary accounts into Naira. Osita Nwanisobi, …

Kuda Bank, a Nigerian FinTech startup notched $55 million in a Series B funding round at a $500 million valuation as the digital bank seeks to expand into other countries …

Association of Mobile Money and Bank Agents in Nigeria (AMMBAN ) has frowned at none compliance and monitoring of activities of agents deployed on the financial inclusion programme of the …

The market capitalisation of the Nigerian Exchange (NGX) Limited returned to the N20 trillion region on Tuesday after it grew by N104 billion to settle at N20.027 trillion in contrast …