Squad, a payment platform launched by HabariPay, the fintech subsidiary of Guaranty Trust Holding Company Plc (GTCO), made some eye-popping announcements in its report for the first quarter of 2023 without spending top dollars on advertisement. The bank-backed startup launched in June 2022 recorded N1.15 trillion in gateway and switching segments in less than one …
Banks’ Unstructured Supplementary Service Data (USSD) service revenues look set to decline over the approval by the Nigerian Communications Commission (NCC) to disconnect telecommunication operators from its service. Nigerian mobile telecommunications companies (telcos) consisting of MTN, Glo, Airtel, and 9mobile have said they would halt their USSD service over banks’ accumulated USSD debt of N120 …
The hardest things should come first for Nigeria’s President-elect Bola Tinubu who has a long list of reforms to push through if he must fix an economy in turmoil. Tinubu, who will be officially inaugurated today as Nigeria’s president, takes over a divided country with significant macroeconomic challenges that cut across the real, monetary, fiscal …
The practice of printing money to fund federal government expenditure is expected to continue under the administration of Nigeria’s President-elect Bola Tinubu following the upward review of the amount the government can borrow from the Central Bank, analysts told BusinessDay. The Senate convened Saturday to amend the Central Bank of Nigeria (CBN) Act 2004, to …
The e-passport market is poised to grow by USD 12.09 billion during 2023-2026, accelerating at a CAGR of 11.7% during the forecast period. The increasing number of air passengers is notably driving the e-passport market growth. The market is expected to be driven by the rise in the use of advanced verification methods and devices …
On Tuesday, May 23, Oando Clean Energy Limited (OCEL), the renewable energy subsidiary of Oando, Nigeria’s leading energy solutions provider; in partnership with the Lagos Metropolitan Area Transport Authority (LAMATA) marked the formal commencement of operations of its electric mass transit buses in a grand ceremony at Lagos Bus Services Limited (LBSL) Head Office, Illupeju, Lagos. …
Comfort is key, especially when it comes to purchasing items online. You are already spending your hard-earned money, and the last thing that should bother you is looking for a stress-free method of buying gift cards online. Sadly, the reverse is the case. Most people still find it difficult to pick out a platform where …
CBN bows to the Supreme Court’s order After six long weeks of naira swap tussle, the Central Bank of Nigeria (CBN) finally bows to the Supreme Court’s order to extend the deadline for the use of old naira notes to December 31, 2023. Nigerian residents can now do business with the old banknotes of N1,000, …
CBN bows to the Supreme Court’s order After six long weeks of naira swap tussle, the Central Bank of Nigeria (CBN) finally bows to the Supreme Court’s order to extend the deadline for the use of old naira notes to December 31, 2023. Nigerian residents can now do business with the old banknotes of N1,000, …
One dollar is now trading at an average rate of N766 at the parallel market popularly known as black market. The current rate shows a depreciation of naira against the dollar by 0.52 percent (N4) when compared with N762 traded during the intraday foreign exchange (FX) trading on Thursday. Read also: Despite naira crunch, 85% of …