Kayode Opeyemi, a former consultant with KPMG and now a respected expert in financial technology and risk management, has shared deep insights into how Nigerian startups are dealing with compliance …
CBN
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BusinessFinance & ServicesFintechInnovationTechnology
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BusinessDevelopmentEconomyFinance & ServicesPolicies
High Interest Rate Now Top Challenge for Nigerian Businesses – CBN Survey
Businesses across Nigeria say high interest rates have become the most severe challenge affecting their operations, surpassing long-standing problems like insecurity and poor electricity supply. This was revealed in the …
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Banking, Finance & InvestmentDigital EconomyFinance & ServicesNigeria
CBN Clears Air on NRBVN Charges, Says No Hidden Fees for Bank Verification Number
The Central Bank of Nigeria (CBN) has dismissed claims of hidden charges in the Bank Verification Number (BVN) process, assuring Nigerians that the enrolment remains free for residents in the …
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EconomyFinance & ServicesGOVERNMENTPoliciesTechnology
FG Launches REV-OP to Tackle Revenue Leakages and Boost Transparency
The Federal Government of Nigeria has officially launched the Revenue Optimisation and Assurance Project, popularly called REV-OP, as a new step to reduce revenue leakages, improve transparency, and strengthen Nigeria’s …
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Finance & ServicesMobile Telecommunications Network (MTN)NigeriaTechnology
Telecom Operators Now Collect USSD Charges Directly From Airtime
elecommunication companies in Nigeria will now receive payment for Unstructured Supplementary Service Data (USSD) services directly from customers’ airtime, based on a new billing model approved by the Nigerian Communications …
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Access BankBanking, Finance & InvestmentBusinessEconomyFinance & ServicesZenith Bank
Zenith, Access Lead Banks That Have Met CBN’s N500bn Capital Requirement
A new report by Proshare has revealed that only two Tier 1 banks — Zenith Bank and Access Holdings — have crossed the N500 billion share capital and share premium …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesInnovationTechnology
Nigerian Banks’ Recapitalisation to Benefit Marine, Arts, Hospitality Sectors
Some sectors of the Nigerian economy, like the marine and blue economy, entertainment and arts, and hospitality, are expected to benefit from the ongoing recapitalisation of banks. This was made …
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Banking, Finance & InvestmentBusinessGOVERNMENTLeadershipMarkets
Femi Otedola Set to Gain Full Control of First Holdco as Otudeko, Odukale Set to Exit.
The prolonged leadership and ownership tussle at First Holdco Plc, the parent company of Nigeria’s oldest financial institution, First Bank of Nigeria, is drawing to a historic close. Multiple sources …
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EconomyFinance & ServicesMarketsNewsNigeria
Naira Hits Two-Month High of ₦1,565.46/$ Amid Strengthening Reforms and Policy Stability
The Nigerian naira on Wednesday reached its strongest level in over two months, closing at ₦1,565.46 to the dollar at the official foreign exchange (FX) market. This marked a ₦13.82 …
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CrimeFinance & ServicesNigeriaSecurityTechnology
POS Machines Now Tools for Kidnappers and Fraudsters, Warns SAN Monday Ubani
A Senior Advocate of Nigeria (SAN), Dr. Monday Ubani, has raised alarm over the growing abuse of Point of Sale (POS) machines by criminal elements in Nigeria. According to him, …