Latest articles from Nigeria

Woman producing the new naira notes from a wallet

Nigeria’s naira redesign controversy

January 10, 2023

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.

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Flutterwave controversy a wake-up call for Nigerian fintech governance

May 30, 2022

Reports are growing of toxic work cultures across Nigeria’s fast-growing fintech sector.

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Accessibility, privacy and interoperability: key lessons for Africa’s new CBDCs

April 8, 2022

The flawed launch of Nigeria’s eNaira holds lessons for other African central bank digital currency projects.

Double whammy hurts Nigerian banks’ ROE

October 15, 2021

Access Bank, the country’s largest lender by total assets, saw ROE fall from 16% in 2019 to 14.1% in 2020.

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First Bank Nigeria bucks trend by increasing Tier 1 capital

September 1, 2021

Nigeria’s banks have had a tough year, as the economy hit a two-decade low. 

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Financial services FDI to South Africa surges despite pandemic

March 22, 2021

Total financial services capital investment into South Africa rose 41% last year, while Nigeria saw a 57% drop.

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Nigeria’s central bank clamps down on cryptocurrencies

February 18, 2021

CBN’s effort to force financial institutions to close cryptocurrency accounts has sparked angry backlash.

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Nigeria’s fintech scene booms despite economic woes

December 11, 2020

Investment surges as start-ups seek to tap 40% of country still unbanked amid rising internet use.

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Nigeria’s banks grapple with Covid-19 and oil price slump

November 27, 2020

Lenders' profitability set to weaken on the back of higher impairments and lower net interest margins.

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Jaiz Bank CEO on reaching Nigeria's unbanked citizens

September 7, 2020

There's overlap between Islamic finance and the UN SDGs, says managing director Hassan Usman.

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