News

Tantalizers swaps burgers for broadcasts in renewed digital content play

The expansion into new sectors is supported by a $25 million financing facility, aimed at bolstering Tantalizers' ambition to become a top 50 company on the NGX.

News

Nigeria’s inflation eases to 23.71%, reducing possible rate hike

Analysts widely anticipate the central bank holding rates for a second consecutive time, as it did in February, owing to reduced consumer prices and rebased inflation figures.

Spotlight

Inside the rise of global accounts among everyday Nigerians

“People want to preserve their money and wealth from losing value due to inflation and the devaluation of the naira and other local currencies,” says Victor Alade, co-founder and CEO of Raenest

Guide

JAMB 2025 result problems? Here’s how to check and fix them

This explainer explores the common problems candidates are facing with the 2025 JAMB results and what to do about them.

News

Cardoso’s CBN cuts government advances by 58%, signaling new fiscal discipline

This reduction marks a significant departure from the previous era under former CBN Governor Godwin Emefiele.

Exclusive

Exclusive: Nigerian Fintech Bankly gets acquired by C-One Ventures

Bankly’s CEO and co-founder, Tomilola Majekodunmi, will step back from daily operations but remain involved in an advisory role.

Fintech

Scoop: CBN releases list of 108 IMTOs with commercial approval

Full list and country breakdown of all the 108 IMTOs licensed by the CBN to facilitate inward remittance to Nigeria.

Financial Services

BREAKING: UBA posts 33% rise in Q1 2025 profit as interest income surges

UBA is currently progressing with its equity capital raise program targeting up to ₦400 billion

Crypto

BREAKING: CBEX Ponzi investment platform collapses, leaving investors $12 million poorer

The CBEX Ponzi scheme operated for nearly two years, promising 100% returns in 30 days through an alleged AI-powered trading platform. Despite SEC warnings about unregistered platforms, thousands of Nigerians invested before accounts were frozen or emptied.

Financial Services

VBank rebounds to profitability with ₦366 million in 2024

VFD Microfinance Bank's positive performance contributed to a wider recovery for its parent company, VFD Group Plc, which also rebounded to profitability after a ₦750 million ($471,824) loss in the previous year.

News

“Zap is not a remittance app,” Paystack explains

The clarification follows a report suggesting that Zap requires an International Money Transfer Operator (IMTO) license and was launched without regulatory approval from the Central Bank of Nigeria (CBN).

Financial Services

Wema Bank cuts fraud losses by 95% in 2024

Last year, the bank promised to hire more people in its digital compliance department to reduce the number of fraud cases