For Olamilekan Kafaru, a bus driver in the Ikorodu area of Lagos, Nigeria, eating three square meals daily is almost impossible. At a dizzying 40.53% increase,...
Cash may still be king on Nigerian streets, but bank transfers have become the favorite for online transactions. Bank transfers accounted for over half of all...
Nigeria’s Central Bank will begin the implementation of an amended 2015 Cybersecurity Act that will levy a 0.5% fee on all electronic transactions on May 20,...
Nigeria’s 1.9 million PoS agents, a key part of the country’s financial inclusion drive, must now be registered with the Corporate Affairs Commission (CAC) as part...
At a well-attended event on April 25, The Economist unveiled the 2024 edition of its annual future-focused publication, The World Ahead, with a spotlight on Nigeria...
Swvl, the NASDAQ-listed mobility startup that transitioned into a B2B company last year, posted its first full-year net profit in 2023, continuing its reversal of fortune...
One month after a little-known company got unrestricted access to the private data of 100 million Nigerians, Nigeria’s Identity Management Commission (NIMC) is under investigation for...
An extraordinary general meeting in which First Bank shareholders were to vote on a decision to raise ₦300 billion ($231 million) in fresh capital has now...
FBN Holdings, the parent company of Nigeria’s oldest bank, has appointed Olusegun Alebiosu as acting chief executive officer of First Bank of Nigeria after the surprise...