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Increased Competition for OPay, Kuda, Moniepoint, and Others Emerges with CBN’s Approval of a New Microfinance Bank
The Central Bank of Nigeria (CBN) has officially granted a state license to Alert Microfinance Bank, empowering it to expand and innovate to better...
The Central Bank of Nigeria (CBN) has declared a temporary halt to accepting new loan applications within its intervention program
In a communication titled "Suspension of Acceptance of New Applications under the Existing Central Bank of Nigeria, CBN Development Finance Intervention Programme," directed to...
The amount of currency in circulation surpasses the level before the naira redesign, reaching N3.4 trillion in December- CBN
The Central Bank of Nigeria (CBN) has revealed that the currency in circulation (CIC) has surged to a new annual peak of N3.4 trillion...
Billionaire philanthropist Mackenzie Scott donates $12 million to Howard University
Mackenzie Scott, ranked as the world's fourth-richest woman by Forbes and Jeff Bezos's ex-wife, has generously donated $12 million to Howard University College of...
Nigeria emerged as the primary recipient of World Bank credit in 2022, securing $2.9 billion in new loans, according to a report
The World Bank has revealed that Nigeria secured the highest amount of fresh loans in 2022, receiving approximately $2.9 billion.
Tanzania followed closely with $2.7...
