Money supply rises to N108.95 trillion
The Central Bank of Nigeria (CBN) has reported a significant year-on-year increase in broad money supply (M3) by 62.8%, reaching…
Day: November 11, 2024
RoutePay expands access for under-banked businesses
RoutePay, a fintech company, has expanded access to formal banking for under-banked individuals and Small and Medium Enterprises (SMEs) in…
Nigeria and South Africa Lead Africa’s Crypto and Stablecoin Surge Amid Economic Challenges
Nigeria and South Africa are at the forefront of Africa’s growing cryptocurrency adoption, driving significant on-chain activity in Sub-Saharan Africa.…
Banks’ investment securities more than double on juicy yields
Nigerian banks have experienced a significant 145 percent increase in investment securities over the first nine months of 2024, driven…
Moniepoint, Yellow Card lead Africa start-ups funding
In October, African start-ups secured over $250 million in funding, with Nigeria leading the continent’s investment landscape. Fintech giant Moniepoint…
FIRS Chief Highlights Taxpayer-Friendly Reforms at Lagos Trade Fair
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, emphasized the agency’s commitment to becoming more…
Stock market end in slight load shed
Nigeria’s stock market closed in the negative at the end of the week, with the Nigerian Exchange (NGX) All Share…
Africhange Secures IMTO License to Boost Remittance Services in Nigeria
Africhange, a leading cross-border remittance service, announced that its Nigerian subsidiary, Currenzo, has received the International Money Transfer Operator (IMTO)…
Heirs Energies Charts Africa’s Energy Future at AEW 2024 with Bold Solutions and Strategic Vision
Heirs Energies, a top African energy firm, significantly impacted the African Energy Week (AEW) 2024 held in Cape Town. CEO…
Nigeria Inflation Expected to Remain High Amid Rising Costs
Nigeria’s inflation rate is projected to remain elevated, with October inflation anticipated to reach 33.10%, largely due to rising fuel…