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Digital banking is significantly enhancing financial inclusion in West Africa, making it easier for vendors to accept mobile payments. This transformation is particularly evident in bustling markets like those in Lagos and Accra.
The article highlights trust as a critical yet undervalued asset in Africa's development infrastructure. It emphasizes the need for building trust to enhance collaboration and progress across various sectors.
Cardoso has launched Vision 2028, a new payment system aimed at achieving 95% financial inclusion in Nigeria. The initiative plans to integrate 15 million Nigerians into the formal financial system while enhancing security measures against electronic fraud.
A new report indicates that Nigeria's economy is expanding at double the rate observed before reforms. This growth presents a new set of challenges for policymakers.
Nigeria and the UAE have achieved a significant milestone with non-oil trade reaching $5 billion. The First Abu Dhabi Bank has officially launched in Lagos, enhancing economic relations between the two nations.
The Central Bank of Nigeria has reorganized its deputy governors, assigning new roles to key officials. This restructuring aims to enhance the bank's operational efficiency and economic policy implementation.
Oil prices increased by 5% to $95 after Iran halted negotiations with the U.S. This development has sparked discussions on its potential impact on global markets.
Olayemi Cardoso has made minor adjustments by reallocating the roles of deputy governors at the Central Bank of Nigeria. Ikeazor will now oversee economic policy, while Abdullahi will handle corporate services.
The CBN plans to bring N2.83 trillion from private hands into the banking system and onboard 50 million Nigerians by 2028, in preparation for the 2027 elections. This initiative aims to enhance financial inclusion and strengthen the economy.
Nigeria's ongoing power outages persist despite the influx of $3.6 billion in loans from the World Bank. The unstable power supply continues to affect millions of citizens across the country.
Nigeria's capital market has successfully transitioned to a T+1 settlement cycle, marking a significant improvement in transaction efficiency. This change aims to reduce risk and enhance the country's competitiveness in the global market.
Nigeria's petrol prices have skyrocketed by 643% over the last three years, increasing from N175 to N1,300. This surge is causing significant concern among Nigerians regarding its impact on their daily lives.
Oil prices have surged due to rising tensions between the US and Iran following recent strikes. This escalation raises concerns about potential disruptions in the Strait of Hormuz.
Kayode Tokede The Nigerian capital market, yesterday joined the United States, others to achieve a historic milestone with the successful transition to a T+1 settlement cycle, becoming the first market
Nume Ekeghe Africa’s Global Bank, United Bank for Africa (UBA) Plc, marked Africa Day with a group-wide celebration across its offices in 20 African markets, bringing employees together in a shared
Mr. Cornelius Adebayo emphasizes the importance of farmers uniting in large estates to improve agricultural output in the face of climate change. This strategy aims to attract necessary financing for enhanced productivity.
NNPC has reported a remarkable revenue of nearly N13 trillion from January to April 2026. However, the profit margin remains below 10 percent, indicating challenges in profitability despite high revenue.
The African Development Bank reports that 70.7% of Nigerian companies depend on generators for their operations due to ongoing electricity shortages. This reliance highlights the challenges faced by businesses in maintaining consistent power supply.
Global oil prices have dropped nearly 20% from their May 2026 highs. This decline is attributed to rising investor optimism regarding a potential long-lasting ceasefire deal between the U.S. and other parties.
The Nigerian stock market declined by 1.13% on the first trading day of June, resulting in a loss of N1.81 trillion for investors. This downturn was attributed to widespread profit-taking in major equities.
Ogun State has emerged as Nigeria's second best-performing state due to strategic investments and infrastructure development under the Abiodun administration. The focus on industrial expansion and fiscal reforms has significantly boosted the state's economy.
Shettima emphasized that nations embracing the economy of ideas will lead future innovations. He praised President Bola Tinubu's administration for fostering an environment that protects investors and encourages creativity.
Oil prices surged after Iran halted peace negotiations, raising fears of renewed conflict. This development is likely to have significant implications for global markets.
…Roadmap projects 15m new users, 40% cash ratio, faster digital transactions …Seeks deeper regional integration, cross-border payments. The Central Bank read more CBN launches new payments strategy, targets 95% inclusion, near-zero fraud losses
Lagos, Nigeria – CardinalStone Partners Limited (“CardinalStone”) has been awarded Debt Deal of the Year at the 20th edition of read more CardinalStone Wins Debt Deal of the Year at the 20th African Banker Awards
Expert Tunji David warns that Nigeria risks losing wealth generated by its fintech sector as companies consider moving to foreign stock exchanges. This could have significant implications for the local economy and investment landscape.
The Nigerian capital market on Monday achieved a historic milestone with the successful transition to a T+1 settlement cycle, becoming read more Nigeria’s capital market leads Africa with transition to T+1 settlement cycle
Crude futures shot around seven per cent higher after an Iranian news agency announced Tehran had suspended the negotiations with Washington via mediators. The post Oil Prices Jump As Iran Suspends Peace Talks appeared first on Channels Television.
Oil prices have surged due to the suspension of peace negotiations by Iran, causing market volatility. This development has heightened tensions in the Middle East and impacted global equities.
CBN Governor Cardoso has launched the Nigeria Payments System Vision 2028, emphasizing its importance in combating poverty. He believes that an efficient payment system is essential for economic growth and improving the lives of Nigerians.