30 results
- 5 Dec 2021
World Bank says Underdeveloped Broadband Infrastructure Hampering Nigeria’s Digital Economy
The World Bank says Nigeria’s digital economy plan is being continually hampered by an underdeveloped fixed broadband infrastructure. The global bank disclosed this in its ‘Nigeria Development…
- 8 Mar 2018
TeamApt Partners Open Banking Nigeria for Digital Banking to Serve Customers Better
TeamApt, a leading financial technology firm, has announced its collaboration with Open Banking Nigeria, a not-for-profit founded by banking and financial technology industry veterans to introduce…
- 15 Jan 2026
Paystack Buys Microfinance Bank, Enters Nigeria Banking Arena
Paystack, the Nigerian fintech company backed by global payments giant Stripe, has made a strategic entry into the regulated banking space in Nigeria with the acquisition of Ladder Microfinance Bank,…
- 10 Mar 2019
Nigeria Needs Telecom Infrastructure Funding Bank - Nnamani
Engr. Ikechukwu Nnamani, is managing director of Medallion Communications, a data centre operator in the country. He spoke to chike onwuegbuchi on issues around data centre operations in the country.…
- 21 Sept 2023
Infrastructure Bank Earmarks N13Bn to Support FG’s Palliative Fund
The Infrastructure Bank of Nigeria has set aside N13 billion in support of the federal government’s palliatives on fuel subsidy removal via the provision of transportation system to cushion the…
- 26 Jul 2021
Nova Merchant Bank Reaffirms Commitment to Bridging Infrastructure Gaps
NOVA Merchant Bank, one of Nigeria’s premier Merchant Banks has reaffirmed its commitment in bridging Nigeria’s infrastructural gaps. Nath Ude, chief executive officer and managing director of NOVA…
- 11 Apr 2022
MTN Nigeria Diversifies into Banking after CBN’s Final Approval for MoMo Bank
MTN Nigeria, has received final approval from Central Bank of Nigeria (CBN) to run a payment service bank, according to a regulatory filing by the operator on Monday. The approval gives the firm the…
- 16 Aug 2026
Union Bank Nigeria Secures PCI DSS v4.0.1 Certification, Strengthens Payment Card Security
Union Bank of Nigeria has attained certification under the Payment Card Industry Data Security Standard (PCI DSS) version 4.0.1, effective Aug. 11, 2026.
- 14 Dec 2021
Wema Bank Named 2021 Most Innovative Digital Bank in Nigeria
Wema Bank emerged the winner of the 'Most Innovative Digital Bank’ in Nigeria at the 2021 Digital Banker Africa Awards. Digital Banker Africa, the continent’s premier, magazine and website organizes…
- 19 Mar 2026
Quest Merchant Bank Named Transaction Advisor for Nigeria’s Landmark Project BRIDGE Digital Infrastructure Initiative
Quest Merchant Bank has been appointed as Transaction Advisor for Project BRIDGE (Broadband Infrastructure Development for Digital Economy), a flagship national broadband initiative led by Honourable…
- 18 May 2023
AfDB Approves $15m to Close Infrastructure Gap in Nigeria
The board of African Development Bank (AfDB) has approved a $15 million subordinated loan to Infrastructure Credit Guarantee Company Limited (InfraCredit) to strengthen its capital base and help…
- 1 Apr 2026
Rising Fraud Threatens Nigeria’s Digital Banking Gains — Experts
Nigeria’s fast-growing digital banking ecosystem is facing increasing scrutiny over consumer safety, as rising fraud cases and weak redress mechanisms threaten to erode public trust in the sector.…
- 15 Feb 2026
Nigeria's Banks Race to Meet CBN Recapitalisation Deadline Amid Verification Push
Nigeria’s banking sector is in the final stretch of its recapitalisation drive, with lenders intensifying capital actions ahead of the Central Bank of Nigeria’s (CBN) March 31 deadline. Proshare…
- 18 Jun 2017
ATCON Backs Call for Telecoms Industry Infrastructure Bank
Mr. Ogungboye Muyiwa, managing director and chief executive officer, eStream Networks has called for the establishment of a Telecommunication Infrastructural (Development) Bank to offer players…
- 25 May 2026
Nigeria’s Booming Banks And A Collapsing Economy
By Blaise Udunze Nigeria’s banking industry appears to be booming, largely driven by the policies of the Central Bank of Nigeria (CBN), under Governor Olayemi Cardoso, while the real economy…
- 9 Aug 2026
Interswitch, Temenos Commit to Advancing Nigeria’s Digital Banking Technology
Interswitch Group, an integrated digital payments and commerce company, together with global banking software provider, Temenos have reassured the Central Bank of Nigeria (CBN) of their commitment to…
- 15 Jun 2010
Banks Grant MTN N318 Billion Loan Facilities
MTN Nigeria, Nigeria’s leading telecommunications company has received fresh loan facilities to enable the company further expand its network across the country. A consortium of 15 Nigerian…
- 21 Apr 2026
Ezekiel Sanni, SVP Moniepoint Extols the MFB’s Track Record as Unique Service Model Redefining Nigeria’s Agency Banking
Moniepoint Microfinance Bank (Moniepoint MFB) has reaffirmed its leadership in Nigeria’s agency banking space, positioning its track record and distinctive service model as a game-changer for the…
- 26 Sept 2021
CBN says Nigeria’s Infrastructure must Improve by 5% Annually to Boost Productivity
The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele has disclosed that the country’s infrastructure has to improve by at least between 5 to 7 per cent for it to stimulate productivity and…
- 1 Feb 2023
IFC Partners Union Bank of Nigeria to Support Trade, SMEs
To boost access to finance for smaller businesses in Nigeria and to support increased trade, IFC yesterday announced a partnership with Union Bank of Nigeria Plc to help the bank expand lending to…
- 4 Jun 2026
Chinese Bank Supports Nigeria Towers Project
China Industrial Bank (CIB) has thrown its support behind the Nigeria Universal Communication Access Project (NUCAP), a large-scale infrastructure plan designed to extend connectivity to more than 20…
- 2 Jul 2026
Beyond Capital: AI, RegTech to Define Nigeria's Banking Future – NITDA DG
Kashifu Inuwa, director general of the National Information Technology Development Agency (NITDA), has said the next phase of growth for Nigeria's banking sector will be driven less by capital…
- 15 Aug 2018
MTN Nigeria Inks N200bn loan facility with 12 banks for Network Expansion
MTN Nigeria on Wednesday signed a seven-year N200 billion medium term facility with a consortium of twelve (12) local banks, with FBN Quest acting as facility agent. Ferdi Moolman, Chief…
- 19 Jan 2018
Nigeria Offers to Host African Development Bank’s Regional Hub
Counting on its position as the largest shareholder of the Bank since inception, the Government of Nigeria has made a formal request to the African Development Bank to host its regional office in…
- 23 Jun 2021
USTDA, InfraCredit Partner on Infrastructure in Nigeria
InfraCredit, a specialised infrastructure credit guarantee institution has signed a Memorandum of Understanding (MoU) with the United States Trade and Development Agency to bring high-quality U.S.…
- 6 Oct 2016
Redcloud Technologies, Innovectives Join Hands on Agency Banking in Nigeria
RedCloud Technologies, an enterprise software provider of leading mobile financial services technology has signed an agreement with Innovectives LLC to deploy its Cloud Based solution for Agency…
- 18 Sept 2020
ipNX, USTDA Ink Partnership Deal to Develop Nigeria’s ICT Infrastructure
ipNX, Nigeria’s pioneering and leading information, communications and technology (ICT) company and the United States Trade and Development Agency (USTDA) have signed a partnership deal that will…
- 3 Apr 2026
CBN, Banks, Fintechs Launch PSPC to Boost Nigeria's Payment System
Central Bank of Nigeria (CBN), alongside commercial banks and fintech operators, has unveiled the Payments Service Providers Committee (PSPC) to tackle gaps in the country's payment infrastructure.…
- 30 Aug 2024
Fidelity Bank, Mastercard launch cross-border payment solution in Nigeria
Fidelity Bank Plc, a leading financial institution in Nigeria and Mastercard have collaborated to launch Fidelity Send, a new initiative to enhance cross-border payments and remittances in Nigeria. L…
- 20 Jun 2014
IFC Supports Nigeria’s Business Infrastructure with $9.5m Investment
IFC, a member of the World Bank Group, yesterday announced a $9.5 million investment in Jabi Lake Mall to support demand for modern business infrastructure and retail space in Abuja, Nigeria. The…