Lenders have until April 30 to present recapitalisation plans
Nigeria’s minister of finance and co-ordinating minister of the economy spoke last week with John Everington on stage at the Africa Financial Industry Summit in Togo.
Olugbenga Agboola, founder and CEO of Flutterwave, talks to editor Joy Macknight.
Crypto trades have steadily grown despite government bans and limitations, proving their resilience against systemic economic uncertainty in the country.
Founded in 2016 and headquartered in Nigeria and San Francisco, the payments and remittances firm has grown to become one of Africa’s largest start-ups, with a valuation of $3bn as of 2022.
Access Holdings’ group managing director talks about the group’s acquisition strategy, the impact of Nigerian economic reforms on the country’s banking sector, and the future of digital assets in Africa.
After being caught out seven years ago, Nigerian lenders are better prepared to absorb the impact of the naira’s recent devaluation.
UBA is the only Nigerian lender in this year’s Top 1000 World Banks ranking to record a rise in Tier 1 capital and profits.
FATF’s greylisting of Africa’s two biggest economies will deepen existing economic troubles in both markets.
After minting a new currency design, Nigeria’s central bank has given the population just a few weeks until old notes are null and void. A difficult mix of positive and negative outcomes is exacerbating political rifts.
Reports are growing of toxic work cultures across Nigeria’s fast-growing fintech sector.
The flawed launch of Nigeria’s eNaira holds lessons for other African central bank digital currency projects.
Access Bank, the country’s largest lender by total assets, saw ROE fall from 16% in 2019 to 14.1% in 2020.
Nigeria’s banks have had a tough year, as the economy hit a two-decade low.
Total financial services capital investment into South Africa rose 41% last year, while Nigeria saw a 57% drop.
CBN’s effort to force financial institutions to close cryptocurrency accounts has sparked angry backlash.
Investment surges as start-ups seek to tap 40% of country still unbanked amid rising internet use.
Lenders' profitability set to weaken on the back of higher impairments and lower net interest margins.
There's overlap between Islamic finance and the UN SDGs, says managing director Hassan Usman.
The CEO of First Bank of Nigeria talks about the outlook for consolidation in the country's banking sector, and whether payment service lenders present a threat.