Nigeria Vows to End Heavy Food Imports, Boost Domestic Production
Nigeria's Minister of Finance, Wale Edun, has announced plans to reduce the country's reliance on food imports and increase domestic agricultural production. Speaking at...
Ondo State Government Begins Disbursement of N220 Million to Artisans and Small Business Owners
The Ondo State Government has initiated a loan program to support artisans and small business owners by disbursing a total of N220 million. This...
NDIC Switches to NIBSS for Heritage Bank Depositor Payments Due to Remita’s Limitations
The Nigeria Deposit Insurance Corporation (NDIC) has shifted to using the Nigeria Inter-Bank Settlement System (NIBSS) to pay insured depositors of the defunct Heritage...
Multichoice Fights Pay-Per-View Demand in Nigerian Court
Multichoice Nigeria, the company behind popular television services GOtv and DStv, is currently embroiled in a legal battle that could potentially change the way...
CBN Partners with Microfinance Banks to Boost Financial Inclusion, MSME Growth
The Central Bank of Nigeria (CBN) has announced its partnership with Microfinance Banks (MFBs) to enhance financial inclusion and stimulate the growth of Micro,...
Nigeria and Mastercard Partner to Boost Agriculture for One Million African Farmers
Nigeria has partnered with Mastercard in an initiative aimed at supporting one million farmers across Africa, including Nigeria, Kenya, and Tanzania. The project focuses...
MultiChoice Drops Fibre, Focuses on Fixed-LTE
MultiChoice has quietly discontinued its DStv Internet fibre-to-the-home (FTTH) products, which included bundled offers that combined DStv subscriptions with affordable home fibre packages. Launched...
Peer Lubasch Appointed as New Managing Director for Julius Berger Nigeria
Julius Berger Nigeria Plc has announced a significant leadership transition, appointing Engr. Dr. Peer Lubasch as its new Managing Director, effective October 16, 2024....
How a NIBSS Error Worsened Flutterwave’s ₦21 Billion Loss
In October 2023, a glitch hit one of Nigeria’s leading fintech companies, Flutterwave, causing a massive financial loss of ₦21 billion (about $26 million...
Instant Transfers Overtake POS in Nigeria’s Cashless Boom
Instant transfers have become the dominant force in Nigeria's cashless economy, driving a remarkable surge in electronic transactions that reached N572 trillion in just...