News
CBN's data localisation order may extend beyond banking to oil, manufacturing
1+ hour, 52+ min ago (856+ words) As OADC foresees new wave of cloud investment in Nigeria Nigeria's push to force banks and fintechs to keep payment data within the country could soon spread to strategic sectors, including oil and gas, manufacturing, and government, while triggering a…...
Why Nigerian Small Business Owners Are Switching to Oloja
2+ week, 12+ min ago (383+ words) The Free Commerce Platform Built for African Merchants Every day, millions of Nigerian merchants generate real revenue on tools never designed for commerce. The platform built to fix that is finally here, and it is completely free to start. Oloja…...
Subsidy windfall swells state coffers not public services
3+ week, 4+ day ago (19+ words) Business News Nigeria - Subsidy windfall swells state coffers not public services...
Interswitch unveils smart platforms to transform fuel retail payments
3+ week, 6+ day ago (206+ words) The unveiling took place at the NNPC Retail Business Transformation Summit held at the Petroleum Technology Development Fund (PTDF), Abuja, where Interswitch participated as Headline Technology Partner. At the centre of the Digital Forecourt ecosystem is the "Pay-As-You-Want" capability, a…...
Mitigating the 30% Risk: Inside new plan to insure smartphones in Nigeria
3+ week, 6+ day ago (511+ words) as Cube Cover, SLOT partner on automated insurtech solution As the soaring cost of imported replacement parts drives smartphone maintenance fees to record highs, a new strategic alliance is seeking to financialize and de-risk device ownership for millions of Nigerian…...
CBN extends Po S location radius by 600%, sets August 1 deadline
3+ week, 6+ day ago (382+ words) The Central Bank of Nigeria (CBN) has extended the permitted geo-fence radius for Point-of-Sale (Po S) terminals by 600 percent and shifted enforcement of the directive to August 1, 2026, giving banks and payment operators more time to comply with tighter monitoring rules. In…...
The Importance of Professional Indemnity Insurance
1+ mon, 2+ week ago (806+ words) Early in her career, Bukunmi had everything going for her. Fresh out of university, she landed a role as an accountant at a thriving real estate firm in Lagos. Bright, hardworking, and driven, she became the go-to person for financial…...
Rivers health insurance scheme targets one million subscribers
2+ mon, 1+ day ago (550+ words) The Rivers State Government has said that it intends to enroll at least one million of its citizens to the State's contributory health insurance scheme. Vetty Agala, Executive Secretary and Chief Executive Officer of the Rivers State Contributory Health Protection…...
Banks move to capture SMEs as tax reforms widen compliance net
2+ mon, 1+ day ago (721+ words) Banks are rolling out zero-fee accounts and digital tools to attract small businesses just as Nigeria's tax reforms tighten compliance requirements, effectively pushing more businesses into the formal economy. The shift reflects a growing alignment between financial institutions and government…...
Customers to pay N1, 500 for ATM card issuance, replacement in CBN new draft charges guide
2+ mon, 2+ day ago (551+ words) Bank customers in Nigeria will pay N1, 500 for Automated Teller Machines (ATM) debit card issuance and replacement from May 1, 2026, representing a 50 percent increase from the N1, 000 charged since the last review in 2020. The new charge is contained in the Exposure Draft of…...