The Central Bank of Nigeria just launched its most ambitious fintech roadmap ever — and it could permanently reshape how Nigerians earn, save, and spend. A historic shift is underway in Nigeria’s financial system. The Central Bank of Nigeria has launched the Nigeria Payment System Vision (PSV) 2028, an ambitious strategy aimed at increasing financial … Read more
U.S. Returns $52.88 Million in Seized Assets to Nigeria Linked to Former Oil Minister DAKAR, Senegal (AP) — The United States has returned $52.88 million in seized assets to Nigeria as part of an ongoing corruption investigation against former oil minister Diezani Alison-Madueke and her associates. The announcement was made in a joint statement from … Read more
Olusegun Alebiosu, CEO of FirstBank Group, has expressed confidence that the proposed N49.7 trillion 2025 budget will deliver much-needed economic stimulus, benefiting households and businesses across Nigeria. Speaking at the Nigeria Economic Outlook 2025 event, Alebiosu highlighted early indicators of economic recovery and noted that the 2025 budget would likely mitigate the strains caused by … Read more
PalmPay has earned recognition in the 2024 KPMG West Africa Banking Industry Customer Experience Survey for delivering outstanding service. The platform surpassed traditional banks in several key areas of customer experience, including seamless transaction processing, reliability, and innovative features. With a Customer Experience (CX) score of 81.6, PalmPay ranks among the top fintechs in the … Read more
The Securities and Exchange Commission (SEC) is set to improve its regulatory framework for borrowing by government entities and corporate organizations. In an interview, SEC Director General Emomotimi Agama emphasized the importance of borrowing for sustaining the financial system and supporting economic growth. He noted the need for strategic management, especially after the Supreme Court … Read more