DigiTax, a fast-growing Kenyan e-invoicing startup, has officially received approval from the Federal Inland Revenue Service (FIRS) as an Access Point Provider and System Integrator in Nigeria. This greenlight enables...
In a decisive step to strengthen its strategic and operational core, Abbey Mortgage Bank Plc has appointed Mr. John Okonkwo as Executive Director for Finance, Risk, and Operations, effective August...
In a bold regulatory pivot, Nigeria’s Federal Inland Revenue Service (FIRS) is rolling out a real-time transaction monitoring system to track Value Added Tax (VAT)-eligible digital payments. The platform—dubbed the...
In a continued show of monetary restraint, the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 27.5%, following the conclusion of its 301st Monetary Policy...
Eight Nigerian commercial banks have successfully surpassed the Central Bank of Nigeria’s (CBN) new recapitalisation benchmarks, marking a major milestone in the country’s most ambitious banking reform in over a...
A new World Bank Global Findex 2025 report reveals a startling insight into Nigeria’s evolving financial behavior: 59% of Nigerian adults borrowed money in 2024—one of the highest borrowing rates...
In a strategic relaunch that underscores its growing global ambitions, Nigerian neobank Kuda Technologies has re-entered the cross-border remittance market—this time with a multi-currency wallet built entirely in-house. This follows...
In a surprising turn, the Naira strengthened to N1,550/$ in the parallel (black) market this week—its highest gain in recent weeks—reflecting growing confidence in Nigeria’s currency amid increased foreign exchange...
In a landmark moment for West Africa’s financial sector, Guaranty Trust Holding Company (GTCO) has become the first financial services institution in the region to dual-list on both the Nigerian...
After nearly three years of suspended service, Nigerian banks are slowly restoring global access to Naira-denominated debit cards—marking a cautious but significant shift in the country’s FX policy landscape. Leading...
