[keypoints] The fintech industry in Nigeria is expanding quickly and drawing interest and investment from around the world. Lagos hosts over 200 fintech companies, generating $900M in revenue in 2022.…
[keypoints] Former President Goodluck Jonathan denied Emir Muhammad Sanusi II’s claim of $49 billion missing from the federal government’s accounts, asserting that the funds never existed and describing the allegations…
[keypoints] Revenue Surge: Nigeria’s federal revenue reached N9.1 trillion in Q1 2024, more than double compared to the same period in 2023. Effective Strategies: The increase is attributed to improved…
[keypoints] CBN has fired all executive directors at NIRSAL, including the Managing Director and CEO, as part of a major restructuring effort led by Governor Olayemi Cardoso. The firings are…
The Central Bank of Nigeria (CBN) has announced a new policy allowing International Money Transfer Operators (IMTOs) to sell foreign exchange directly on the Nigerian Autonomous Foreign Exchange Market (NAFEM),…