Mida Technologies, a Nigerian loan recovery firm, is making waves in the country’s financial sector by adopting a unique model that combines technology with empathy—a strategy that is yielding a …
CENTRAL BANK OF NIGERIA
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BusinessEconomyFinance & ServicesFintechInnovationNigeriaTechnology
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Banking, Finance & InvestmentBusinessBusiness InsightsEconomyFinance & ServicesFintechNigeriaTechnology
Nigerian Loan Recovery Firm, Mida Technologies, Achieves 40% Success with Tech and Empathy
A Nigerian loan recovery company, Mida Technologies, says it is recovering up to 40 per cent of bad loans by using a human-focused approach supported by technology, breaking away from …
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Banking, Finance & InvestmentCyber securityDigital EconomyFinance & ServicesNigeriaTechnology
CBN Moves to Modernise Anti-Money Laundering Rules with AI, Gives Banks 12 Months to Comply
The Central Bank of Nigeria (CBN) has released a draft document to modernise how banks and other financial institutions fight money laundering. In a circular dated May 20, 2025, the …
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Banking, Finance & InvestmentEconomyINVESTMENTINVESTMENTMarketsNestleNigeria
Nestle, 30 Others Lift NGX as Market Gains N21bn Amid CBN Rate Hold
Trading at the Nigerian Exchange Limited (NGX) closed on a positive note on Tuesday, as gains in 31 stocks, led by Nestle Nigeria Plc, added ₦21 billion to the market …
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Banking, Finance & InvestmentCrimeEconomyFinance & ServicesGOVERNMENTNigeriaTechnology
CBN Warns Nigerians Against Fake Contracts, Loans, and Grants
The Central Bank of Nigeria (CBN) has again warned the public to beware of fraudsters who are using its name to promote fake contracts, loans, and financial grants. In a …
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Banking, Finance & InvestmentEconomyGOVERNMENTMarketsPolicies
Nigeria’s bond demand declines amid rate hike worries
Nigeria’s bond market is currently facing serious challenges as investor interest has dropped due to fear of rising interest rates and uncertainty in the economy. The Central Bank of Nigeria, …
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AfricaBanking, Finance & InvestmentEconomyFinance & ServicesGOVERNMENTNigeriaPoliciesWestern Africa
CBN cuts Ways & Means by 59% in boost for reforms
The Central Bank of Nigeria (CBN) has reduced its Ways and Means advances to the Federal Government by 59 percent, signalling a new phase of fiscal discipline under the leadership …
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Business InsightsBusiness PoliciesEconomyFinance & ServicesINVESTMENTMarketsNigeria
Nigeria’s bond demand declines amid rate hike worries
Investor interest in Federal Government of Nigeria bonds has dropped, as concerns about rising interest rates and high inflation continue to affect decisions in the financial markets. According to the …
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Banking, Finance & InvestmentBusiness PoliciesEconomyFinance & ServicesNigeriaPoliciesSecurityTechnology
Over 70 Million Contactless Cards in Nigeria Remain Idle Over Fear of Fraud, Lack of Trust
More than 70 million contactless debit cards given to Nigerians by banks are still not being used, mainly because many Nigerians do not trust the technology. Even though the cards …
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Members of the Organised Private Sector (OPS) have expressed fears that Nigeria’s rising inflation could kill the chances of reducing the country’s high interest rate. According to the National Bureau …