CBN introduces new Forex rates…sells N357/$1 to banks

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The Central Bank of Nigeria (CBN) says banks will no longer trade the naira at N375 per dollar for invisibles, such as school fees,...

Cashless 2.0: Second coming of cashless and the rise of ‘Fintechs’

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On the 21st of February this year, the Central Bank of Nigeria announced the re-introduction of the cashless policy. The cashless policy of the...

Official, black market rates’ gap narrows over CBN’s interventions

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The gap between the official  and the black market rates narrowed at the weekend, after the local currency firmed to N380 per dollar on...

UBA records 32% rise in pre-tax profit

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United Bank for Africa Plc posted a 32 per cent increase in its profit before tax for the 2016 financial year, its audited 2016...

Nigeria’s Historical Monthly Inflation Rate Data (Updated March 2017)

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The National Bureau of Statistics reported that Nigeria’s inflation rate for the month of February rose by 17.8% compared to 18.72% recorded in January...

Hackathon offers $50,000 to recode customer challenges in financial fnstitutions

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Africa Fintech Foundry , a fintech accelerator, is organizing a 48-hour hackathon titled Recode Nigeria, which comes with up to $50,000 prize. It has...

N500 FREE airtime for everyone as Zoto celebrates one million users!

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We’re excited to share that you’re one of the ONE MILLION users now recharging with Zoto! To keep enjoying the best recharge experience, start...

AMCON sells Keystone Bank to Sigma Golf, Riverbank Investment

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The Asset Management Corporation of Nigeria (AMCON) has sold Keystone Bank Limited, the last of the three nationalised banks to Sigma Golf Nigeria Limited...

What is FinTech?

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Financial technology—FinTech for short— describes the evolving intersection of financial services and technology. The term can refer to startups, technology companies, or even legacy...

Luxury Tax: To be or not to be?

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Introduction Whether it seems timely or a little too late, Nigeria seems to be keen on measures to make the “rich” pay more and therefore...
List of First Bank of Nigeria Sort Codes in Nigeria

FirstBank CEO, Adesola Adeduntan named Leadership Banker of the Year

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Dr. Adesola Adeduntan, the Managing Director/CEO of First Bank of Nigeria Limited & Subsidiaries, has been named Banker of the Year in the Leadership...

Nigeria FinTech Survey Report 2017

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40% of financial services business will be at risk of standalone Fintechs by 2020 The above statement is part of the findings of a survey...