Business
Fitch Predicts Rise in Non-Performing Loans Amid Nigeria’s Inflation
Fitch predicts non-performing loans to further rise in Nigeria, driven by incessant inflation coupled with high interest rate.
5 November 2024
Financial Agencies
Business
FarmSlate Wins FCMB Agritech Hackathon 2024 with AI-Driven Solution
FarmSlate wins the 2024 FCMB Agritech Hackathon with its innovative AI and IoT solution connecting smallholder farmers to financial support
2 November 2024
Business
Moniepoint Secures $110 Million Investment to Expand Across Africa
Moniepoint raises $110 million in funding from ADP III and top investors to expand African operations and drive financial inclusion
29 October 2024
Business
Non-Performing Loans in Nigerian Banks Hit 5.1% – World Bank
The World Bank’s latest report reveals Nigerian banks’ non-performing loans have reached 5.1%, surpassing the prudential benchmark
25 October 2024
Breaking News
CBN Confirms Old Naira Notes Will Remain Valid Indefinitely
CBN reassures the public that old N200, N500, and N1,000 naira notes will remain legal tender indefinitely contrary to claims of expiration by December 31, 2024.
25 October 2024
Business
Nigeria’s Fiscal Deficit Widens as Debt Service Strains Revenue Gains
Nigeria’s fiscal deficit reaches N4.3trn in Q2 2024, driven by surging debt service costs and recurrent expenditures, despite increased revenue from exchange rate gains and improved tax efficiency.
24 October 2024
Business
IMF Projects Slowdown in Nigeria’s Economic Growth for 2024
IMF projects a slowdown in Nigeria’s economic growth due to the impact of heavy floods and drop in oil production.
23 October 2024
Business
FIRS Launches USSD Code for Seamless Tax Payment in Nigeria
The Federal Inland Revenue Service (FIRS) launches *829# USSD code for easier tax payment and services in Nigeria
14 October 2024
Business
Kuda Secures PSP Licence in Tanzania, Expands Remittance Services
Kuda has obtained a Payment Service Provider (PSP) licence in Tanzania, enabling affordable cross-border payments
12 October 2024
Breaking News
New Bill in Nigeria Mandates Tax Identification Number (TIN) for Banking and Financial Services
A proposed bill in Nigeria requires individuals in banking, insurance, and financial services to provide a Tax Identification Number (TIN) for account operations
12 October 2024
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