Finance • Techpoint Africa

Finance

NIBBS directs banks to remove non-deposit-taking financial institutions from their transfer list

Bolu Abiodun

·

2 days ago

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Finance

Top 10 banks with the most branches in Nigeria

Which bank has the most branches in Nigeria? Out of the 4,437 banks in the country, these are the top 10 banks with the most branches.

Bolu Abiodun

·

5 months ago

Finance

There's 1 PoS agent for every 80 Nigerians, but here's why it won't drive financial inclusion

In Nigeria, one bank branch serves 27,000 people, but there's one PoS agent for every 80 people. While agency banking seems key to financial inclusion, here's why it won't work.

Bolu Abiodun

·

5 months ago

Finance

One of Nigeria's longest-serving CBN governors, Godwin Emefiele has been suspended

Godwin Emefiele is the second longest-running Governor, serving since 2014. However, his nine-year reign might be coming to an end.

Bolu Abiodun

·

6 months ago

Finance

Salaries and school fees to be paid with eNaria as CBN scrambles for adoption

According to International Monetary Fund, eNaira adoption is "disappointingly low." It says, however, that its's too early to judge Africa's first CBDC.

Bolu Abiodun

·

7 months ago

Finance

Why CBN revoked over 100 microfinance banks' licences

The Central Bank of Nigeria (CBN) has revoked the licence of over 100 microfinance banks for reasons related to not operating according to the guidelines of which their licences were issued.

Bolu Abiodun

·

7 months ago

Finance

Zimbabwe's gold-backed digital currency explained

Zimbabwe has launched its gold-backed digital currency. It has also announced how the currency will be valued and distributed. We explain how a gold-backed currency works, and how Zimbabwe plans to use it to control inflation.

Bolu Abiodun

·

7 months ago

Finance

I tried going cashless for 24 hours in Lagos. Here's what happened

Depending on who you ask, the scarcity of cash in Nigeria is causing a lot of hardship. I experienced this hardship first-hand in an attempt to survive a day in Lagos without cash, and here's how it went.

Bolu Abiodun

·

10 months ago

Finance

You can no longer shop on foreign websites with your First Bank naira card

Amid the ongoing forex scarcity, First Bank of Nigeria’s customers will be unable to pay for international transactions using their naira cards.

Chimgozirim Nwokoma

·

1 year ago

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