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News
Bolt Extends Discounted Health Insurance Cover to Drivers’ Families
12+ hour ago (464+ words) Ride-hailing platform Bolt has expanded its discounted health insurance programme in Nigeria to allow eligible driver-partners to extend healthcare coverage to members of their immediate families. The initiative, introduced earlier this year in partnership with Bastion Health, is designed to…...
How Digital Payment Innovation Is Reshaping Business Growth in Nigeria
2+ week, 2+ day ago (734+ words) This changing reality is redefining the place of payments within Nigeria’s financial services industry. According to Oladipo Alabede, Divisional Head of Payments and Merchant Solutions at FCMB, payments have moved from being a basic banking function to becoming a strategic…...
Veritas Kapital Assurance Unveils Affordable Insurance Drive to Expand Financial Inclusion
3+ week, 2+ day ago (562+ words) Veritas Kapital Assurance Plc has announced a new strategic direction aimed at making insurance more accessible to millions of Nigerians who have traditionally remained outside the formal financial protection system. The company’s Managing Director and Chief Executive Officer, Adaobi Nwakuche,…...
Digital Payments Drive Growth and Efficiency in Nigeria’s $11.09bn Food Service Industry
1+ mon, 1+ day ago (746+ words) A new industry report by fintech company Moniepoint revealed that the adoption of real-time payments, business management platforms and data-driven financial solutions is helping drive efficiency across Nigeria’s $11.09bn food service market. The report, titled “What It Takes to Feed Nigeria…...
CBN Orders Local Storage of Payment Data as Nigeria Tightens Digital Finance Oversight
1+ mon, 3+ week ago (569+ words) Under a directive issued on Monday by the Payments System Supervision Department, the apex bank instructed all banks, fintech companies, mobile money operators, switching firms, payment terminal providers, and other licensed payment service participants to ensure that all transaction data…...
CBN Overhauls Bank Charges: Card Maintenance Fees Scrapped, New Pricing Rules Introduced
3+ mon, 1+ week ago (568+ words) The banking experience for millions of Nigerians is set for another round of adjustments after the Central Bank of Nigeria rolled out a revised framework that removes card maintenance fees on naira-denominated cards, while also reshaping several other charges across…...
CBN Raises Debit Card Issuance Fee to N1,500 as It Overhauls Banking Charges Framework
3+ mon, 2+ week ago (445+ words) The Central Bank of Nigeria (CBN) has reviewed upward the cost of issuing or replacing debit and credit cards, increasing the charge from N1,000 to N1,500. The adjustment forms part of a broader revision of banking fees and charges across Nigeria’s financial…...