Insufficient funds: Banks’ reliance on CBN borrowing reaches a staggering N12 trillion.
There is evidence that both commercial banks and merchant banks are increasingly relying on the Central Bank of Nigeria for liquidity, with their borrowing...
“Banks, public sector banks (PSBs), and fintech companies should work together to promote financial inclusion in Nigeria, according to Eli Hini.”
Eli Hini, the CEO of MoMo and PSB Nigeria, emphasized that Nigeria holds a unique advantage over other African nations in terms of achieving...
Moniepoint Microfinance Bank has introduced its new application along with a debit card for improved services.
Moniepoint Microfinance Bank has unveiled its foray into the realm of personal banking through the introduction of a consumer app and a debit card.
According...
MTN’s Fintech Partners with Saana Capital, Enabling MoMo Users to Seamlessly Send and Receive Money Across Africa
MoMo Payment Service Bank (PSB) has entered into a strategic collaboration with Saana Capital, an internationally licensed cross-border company authorized by the Central Bank...
Report: Bank Fraud Causes N6 Billion Loss Over Six-Month Period
In the first half of 2023, Nigerian banks faced a surge in fraudulent activities, encompassing mobile, computer/web, and Point of Sale (POS) fraud cases,...
