The Alternative Bank has renewed the call for increased access to technology and critical digital resources for young Nigerian innovators, saying such support is important for the country’s long-term economic …
Banking
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BankingDevelopmentEconomyEducationEntrepreneurshipTechnologyYouth
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BankingBusinessEconomyFinancePoliciesRegulationTechnology
Nigerian Banks Shift Focus to Fees, Digital Services as FX Windfall Falls
Nigerian banks are increasingly turning their attention to non-interest income as the extraordinary foreign exchange (FX) gains they enjoyed after the FX market harmonisation begin to fade. This trend was …
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BankingDevelopmentEconomyFinanceInternational CooperationTrade
ITFC, TDB sign $100m trade facility, target $200m
The International Islamic Trade Finance Corporation (ITFC) and the Trade and Development Bank (TDB) Group have expanded their existing Murabaha trade finance facility by an additional $100m, with plans to …
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BankingDigital PaymentsEntrepreneurshipFintechSmall BusinessTechnology
Moniepoint MFB Launches Moniebook, All-in-One POS Solution
Moniepoint Microfinance Bank has unveiled a new all-in-one Point-of-Sale (POS) solution designed to help Micro, Small and Medium Enterprises (MSMEs) streamline their operations and grow their businesses. The fintech company …
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BankingBusinessDebt Management,EconomyFinanceGOVERNMENT
AMCON Says It Has Repaid N3.6tn to CBN, Plans Workforce Cut as Debt Recovery Intensifies
The Asset Management Corporation of Nigeria has revealed that it has repaid about N3.6tn to the Central Bank of Nigeria since it was created in 2010 to stabilise the financial …
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BankingCBNEconomyFinancial RegulationNewsNigeriaPolicies
CBN removes all cash-deposit limits, retains strict withdrawal ceilings
The Central Bank of Nigeria has announced major changes to the country’s cash-management rules, removing all limits on how much cash customers can deposit in banks while maintaining strict weekly …
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Arts & CultureBankingCommunity DevelopmentNewsNigeriaTravel & Tourism
FirstBank backs Oke-Odan Cultural Festival 2025 to promote heritage
FirstBank of Nigeria Ltd has reaffirmed its commitment to sustaining Nigeria’s cultural heritage through its sponsorship of the 2025 Oke-Odan Cultural Festival in Oke-Odan, a community in Yewa South Local …
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BankingBusinessEconomyFinanceInflationMonetary Policy
CBN Keeps Interest Rate at 27% as Inflation Slows and Exchange Rate Stabilises
The Central Bank of Nigeria has once again held the Monetary Policy Rate at 27 per cent, marking the fourth time this year that the rate has remained unchanged. The …
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BankingFinancial MarketsINVESTMENTSouth Africa Economy
Nedbank Finalises Major Revamp and Eyes Digital Growth with iKhokha Deal
by Radarr Adminby Radarr AdminNedbank says it has completed its major restructuring plan for the organisation, but the South African banking group warned that its performance for 2025 will likely remain weak. The update …
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BankingCapital MarketsCorporate ServicesDebt Management,FinanceINVESTMENT
Ecobank Nigeria Launches $300 Million Tender Offer for Senior Notes
Ecobank Nigeria Limited has announced the launch of a tender offer for its outstanding U.S.$300 million, 7.125 per cent Senior Note Participation Notes due 2026, in a move aimed at …