NDIC, CBN Mull Digital Currency to Battle MMM

Alhaji Umaru Ibrahim, Managing Director, Nigeria Deposit Insurance Commission (NDIC), yesterday said the commission and Central Bank of Nigeria (CBN) had set up a

REΛCH, Savings Tool to Help Users Make the Most of Their Money Launched

REACH, an online savings app built to help people save up for  their big life moments, has just crossed 1,000 users, and is marking the end of its beta phase. REACH is

NDIC Pledges Commitment to Stability in Financial Sector

The Nigeria Deposit Insurance Corporation (NDIC) on Friday restated its commitment to ensuring financial system stability in the country. Mr Adedapo Adeleke, it’s

AfDB Approves $80m Loan, $20m Equity to Hydro Power Projects in Nigeria

The Board of Directors of the African Development Bank (AfDB) has approved a financing package of USD 100 million, comprising USD 80 million loan and USD 20 million

ITU to Join New Global Initiative to Expand Financial Inclusion

Just over two years ago, the Bill & Melinda Gates Foundation joined ITU to establish a Focus Group on Digital Financial Services for Financial Inclusion. The goal

King Dollar Returns in Style

The rising prospects of more US interest rate increases in 2017 has encouraged Dollar bullish investors to ruthlessly attack global stocks, emerging markets and

Finances 101: 5 Sure Signs Your Spouse Is a Financial Risk

Money is very important in any relationship. It is the oil that lubricates your love life. But it shouldn’t be the ultimate. Regardless of this, some people are all

42 % of Card-Present Transactions Worldwide Now EMV-Compliant

EMVCo, the technical body that manages EMV specifications, has published transaction data detailing year-over-year growth in the volume of card-present payments using

Nigerian, Ghanaian & Beninese Win $4,000 MasterCard, WARA Research Fellowships

The West African Research Association and the MasterCard Foundation have released names of the recipients of Ideas Matter Fellowship Program, a new fellowship which

Participants Hopeful of Return of MMM, CBN Warns of Dangers

Participants of Mavrodi Mundial Moneybox (MMM) have expressed mixed feelings over Tuesday’s report of a one-month suspension of payment to Nigerian subscribers with many