What is Cloud Banking?Banking service known as "cloud-based banking" makes use of cloud computing to deliver services from banks.Cloud computing refers to the usage of a shared network of distant serv...
As Nigeria experiences a scarcity of Naira currency notes, many Nigerians are turning to mobile banking services as an alternative means of accessing and managing their finances. While the convenience...
Fintech has become a buzzword in Nigeria's financial sector, with new startups launching daily to disrupt traditional financial services. These fintech firms offer innovative solutions to the ag...
The Central Bank of Nigeria (CBN) recently prohibited foreign banks with representative offices in Nigeria from, among other things, providing services categorized as "banking businesses." In its...
The value of 14 listed banks decreased by N134 billion in the first half (H1) of 2022 due to investors' continued apathy and divestment from banking equities at the Nigerian Exchange Limited (NGX)...
Umba, a Nigerian digital banking platform operating in Lagos, Nigeria, has raised $15 million in Series A funding to expand financial products to underserved population across Africa. T...
“Assessing creditworthiness without a formal history is a major problem in financial services in Africa while social demographic data isn’t sufficient to make good credit decisions,” notes Eun...
A major contribution of the banking industry to the nation’s socio-economic development is the ongoing effort to increase the number of adult Nigerians that have access to affordable financial s...
The NGX finished off on an optimistic statement amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 19 basis points. The NGX ASI finished off at 46,777.37 p...
The market capitalization of the top five banks, referred to as the Tier-1 banks or FUGAZ, depreciated by 4.20% to close at N2.57 trillion as of 25th of March, 2022, as investors in these banks lost...