Mobile money platforms processed around 108 billion transactions in 2024, amounting to a combined value of $1.68 trillion, according to the State of the Industry Report on Mobile Money 2025 released on Tuesday by the GSMA. The GSMA’s mobile money…
By Seun Ibiyemi The Board of Directors of the ECOWAS Bank for Investment and Development (EBID) has approved a substantial financing package amounting to €230 million and $10 million, aimed at advancing infrastructure development and supporting private sector growth across…
Binance Holdings Ltd. has approached the Federal High Court in Abuja, requesting it to overturn an earlier ex-parte order that had permitted the Federal Inland Revenue Service (FIRS) to serve court documents through substituted means. The application was presented on…
Association of Bureau de Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to sustain its reforms against inflation and Foreign Exchange (FX) volatility, especially after the recent U.S. tariff imposition on Nigerian exports. President of…
By Seun Ibiyemi The Securities and Exchange Commission (SEC) has announced that the Investment and Securities Act (ISA, 2025) formally recognises virtual assets, such as cryptocurrencies, as securities, thereby bringing them under the regulatory oversight of the Commission. In a…
By Seun Ibiyemi Nigeria’s public debt surged by 48.5 per cent year-on-year (YoY) to N144.67 trillion ($94.23 billion) in 2024, up from N97.34 trillion ($108.23 billion) in 2023. This was disclosed by the Debt Management Office (DMO) in its most…
Nigeria’s inaugural domestic US dollar bond has been recognised as the West Africa Deal of the Year at the 2025 Global Banking & Markets Africa Awards, following a highly successful issuance that raised $917 million. The bond, announced by the…
By Seun Ibiyemi The Central Bank of Nigeria (CBN) has firmly rejected claims that it is set to introduce new N5,000 and N10,000 banknotes, dismissing the reports as completely unfounded. In a statement shared on X, formerly Twitter, on Wednesday,…
Sterling Bank has announced the removal of transfer fees on all local online transactions, making it the first major Nigerian bank to abolish these widely debated charges for digital banking. The decision was confirmed in a statement, with the bank…
Over 1,500 residents have benefited from a Fidelity Food Bank outreach in Kabuga community, Dala Local Government Area of Kano State. The Corporate Social Responsibility (CSR) initiative, carried out in collaboration with Misnoory Foundation, saw bank staff distribute essential food…
