Business

The Federal Competition and Consumer Protection Commission (FCCPC) has taken significant steps to regulate the digital lending sector in Nigeria, issuing a fresh list of approved 154 loan app companies to operate in the country. According to the commission, this new list is more comprehensive than the previous one, as …

The Central Bank of Nigeria has released the Consolidated Financial Statements for the last seven years, making it the first time since 2015 that the apex bank will be making its book available for public scrutiny. The Consolidated Financial Statements, which were released by the CBN, are for 2016, 2017, …

Banking agents who have defined the emerging Point-of-Sale (PoS) market and the entire payment landscape are facing an existential threat. Merchants are flooding into the territory that used to be dominated by agents, reducing profits and increasing concerns about redundancy in the market. The banking agents are facing backlash following …

Two of the market leaders in the Point-of-Sale market are taking steps to expand in the financial services industry to consolidate gains made from the cash crunch. Moniepoint is going into the credit market with loans targeted at merchants, while Opay has announced a corporate rebrand. Moniepoint is also the …