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The Central Bank of Nigeria (CBN) has extended the enforcement date for the mandatory geo-fencing of Point-of-Sale (PoS) terminals to August 1, 2026, in a move aimed at giving financial institutions and payment service providers additional time to comply with ...

Nigeria’s widening MSME financing shortfall has come into sharper focus as MTN Nigeria and SMEDAN intensify efforts to bridge the country’s estimated $158 billion annual funding gap through the mySMEville platform. The initiative, which has onboarded more than 2,600 micro, ...

Finance leaders across Africa have called for accelerated investment in digital finance infrastructure to expand financial inclusion and improve cross-border payments. This is has finance leaders, regulators, investors, fintech executives, and corporate stakeholders gathered in Lagos for the 6th Africa ...

Africa’s worsening trade finance crisis may deepen over the next two years as rising geopolitical tensions in the Middle East, surging energy prices and tightening global credit conditions threaten to widen the continent’s financing gap to $86.6 billion by 2027, ...

The Federal Government has announced the opening of the Technical and Vocational Education and Training (TVET) registration portal as part of ongoing efforts to equip Nigerians with practical skills, reduce unemployment and strengthen economic productivity across the country. The initiative, ...

The United States has scaled up support for agricultural trade with Nigeria through the U.S. Department of Agriculture’s Export Credit Guarantee Programme, GSM-102, a move aimed at deepening commercial ties and strengthening food supply chains between both countries. The GSM-102 ...

The Nigerian Gas Association (NGA) has identified key issues that have challenged the growth of the sector of gas industry as it promotes sustainable development in the sector to stir industrialization in Nigeria as capital inflows wanes. Part of the ...

The Central Bank of Nigeria (CBN) has increased the fee for the issuance and replacement of debit and credit cards from N1,000 to N1,500, as part of a broader review of banking charges across the financial system. The adjustment was ...

The Nigerian Maritime Administration and Safety Agency (NIMASA) has stepped up efforts to address lingering port security gaps and secure the removal of entry restrictions on Nigerian-bound vessels, as it deepens collaboration with the United States Coast Guard (USCG). This ...

Nigeria is set to host the African Union’s (AU) African Monetary Institute (AMI), as preparations intensify for the institute’s planned take-off in September 2026. The institute is part of measures to push for monetary cooperation, financial integration and single currency ...