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Inflation In Nigeria Climbs Again, Reaching 24.4% In March
Nigeria’s inflation accelerated in March, undoing the temporary respite recorded in February, as increased spending…
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VFD Microfinance Bank Recovers Despite Tough Economy
VFD Microfinance Bank Ltd. recently held its 3rd Annual General Meeting (AGM) for the 2023…
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Nigerian Banks Earnings Threatened By Trump’s Tariffs
President Donald Trump's proposed 14% tariff on Nigerian exports including cocoa, fertilizers, and ginger could…
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Kenyan Banks Must Disclose Climate Risks Within 18 Months – Central Bank
In a landmark regulatory move, the Central Bank of Kenya (CBK) has directed all commercial…
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Trump’s Trade Tariffs Trigger Naira Depreciation
The Nigerian naira experienced a sharp decline against the U.S. dollar in official markets on…
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CBN’s Measures Trigger Sharp Rise In Interbank Borrowing Costs
Nigeria’s interbank lending rate soared to a five-year high of 28.58% in January 2025, underscoring…
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UBA Suffers ₦1.14 Billion Fraud Loss In 2024 Despite Strong Profits
United Bank for Africa (UBA) recorded a fraud-related loss of ₦1.14 billion ($744,200) in 2024,…
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Major Blackout Hits Embassies, Estates In Abuja
Another widespread power outage has disrupted operations in at least eight embassies and multiple residential…
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Cash Transactions Decline In Nigeria Amid Digital Payment Increase
Nigeria has recorded the most significant decline in cash transactions over the past decade, surpassing…
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Sudo Africa Introduces Digital-First Card To Transform Payment Systems
The relentless pursuit of convenience, security, and efficiency has driven continuous innovation in financial technology.…