Automated Teller Machines and mobile money services remain operational in Nigeria despite nationwide movement restrictions, according to the Federal Government. The decision aims to support economic activity while limiting physical interactions. Financial institutions are encouraged to leverage these tools to enhance lending capabilities. The move reflects efforts to maintain financial stability during the current restrictions. Authorities emphasize that digital transactions help reduce the spread of infections. Banks are advised to ensure security and compliance with health protocols. The policy applies to all regions under lockdown measures.

Zinox introduces AI and satellite internet to Lagos schools
Zinox Group has introduced artificial intelligence and satellite internet to two secondary schools in Lagos, Nigeria, as part of its initiative to modernize education. The project, which also includes…
Lagos Court Remands KC Luxury and Two Others Over Cocaine Case
Justice Musa Kakaki of the Federal High Court in Lagos has remanded social media influencer Afolabi Kazeem Michael, known as KC Luxury, and two others in police custody. The suspects are accused of ex…

Nigeria Boosts International Education Access Through Lagos Conference
Nigerian parents seeking international education options now have direct access to leading international schools through a recent conference in Lagos. The event, organized by Zeta Brent Education, con…

Three African stock markets hit $100bn mark
South Africa’s stock market has widened its lead over other African markets, with three total crossing the $100 billion market-capitalisation threshold. The Johannesburg Securities Exchange (JSE) rema…

Nigerian startup offers cheap AI compute for local developers
Udu Technologies, a Nigerian startup, has launched a GPU cloud platform that offers AI computing at less than $1 per hour, challenging the high costs of foreign services. The platform aims to make adv…

Nigeria Cuts Interest Rate to Ease Small Business Costs
The Central Bank of Nigeria has reduced its benchmark interest rate by 3.5 percentage points, lowering it to 23% from 26.5%. This move aims to alleviate financial burdens on small and medium-sized ent…

Nigeria faces hurdles in boosting oil output to 3m barrels a day
Nigeria's government is struggling to meet its target of doubling oil production to 3 million barrels per day by 2030, facing significant challenges in securing sufficient capital and improving infras…

Nigeria's wage hikes fail to keep up with inflation
Nigeria’s recent minimum wage hike of N500,000 has failed to match the country’s soaring inflation and weakening naira. The increase, announced by the government, aims to improve workers’ living stand…

Nigeria Grants Full License to Open University, Boosts Private Sector
Standard Chartered Bank recently hosted exclusive client engagement events in Lagos and Abuja, highlighting its continued presence in Nigeria’s financial sector. Meanwhile, the Federal Government has…

Nigeria’s Central Bank Cuts Rates, Boosts Market Demand
The Central Bank of Nigeria (CBN) has cut its benchmark interest rate by 350 basis points, prompting a significant rise in demand for open market operations. This decision, announced by the CBN, aims…

Nigeria's Stock Market Hits Record High Amid Oil Gains
Nigeria's stock market hit a new record high of N163.7 trillion on Thursday, extending its winning streak as investors focused on gains in the oil and gas sector. The benchmark NGX-All Share Index cli…

African leaders mourn professor who crossed borders
Professor Jason Arday's death has ignited discussions about political identity and borders in Africa. Arday, a Nigerian academic, died on August 20th, and his passing has prompted reflection on how po…

Nigeria and US sign pact to tap $700bn mineral wealth
Nigeria and the United States have signed a framework agreement aimed at attracting investment into the country's vast mineral resources, valued at $700 billion. The deal, announced by officials from…

Nigeria's electricity decentralisation faces investment gap
Nigeria's electricity decentralisation initiative, aimed at expanding access through local power generation, is advancing rapidly in policy but struggling with insufficient investment. More than three…

Nigeria's cloud ready for bank data migration
Nigeria’s cloud infrastructure is now equipped to handle the migration of payment data by banks, according to the Central Bank of Nigeria. The move comes as part of efforts to modernize the financial…

Federal Court Begins Hearing On Ideato Constituency Relocation Case
The Federal High Court in Abuja has started hearing a legal case challenging the relocation of the Ideato Federal Constituency collation centre in Imo State. The suit was filed by concerned residents…

Nigeria and Italy Collaborate on Africa Development Strategy
The Economic and Business Development Research (EBRD) has revised its growth forecast for Africa downward, citing economic challenges across the continent. However, Nigeria is emerging as a key player…

Tinubu Assures Investors Of Policy Stability And Regulatory Clarity
Nigeria's president, Bola Tinubu, addressed investors during a recent meeting, emphasizing the government's commitment to maintaining a stable and predictable business environment. Tinubu highlighted…

Tinubu Honors Aig-Imoukhuede on 60th Birthday in Abuja
President Bola Tinubu honored Aigboje Aig-Imoukhuede, chairman of Access Holdings Plc, on his 60th birthday during a gathering in Abuja. The event also recognized Deji Elumoye, who was named to the TI…

CBN Encourages Governance Shift Amid Monetary Policy Adjustments
The Central Bank of Nigeria (CBN) has called on corporate directors to adopt more resilient institutional frameworks as part of broader economic reforms. Deputy Governor Philip Ikeazor emphasized the…

Tango Fuel App Launches in Five African Nations
Tango Fuel App, developed by Tango Brook Technologies Limited, has expanded its digital fuel payment solution to five African nations. The app, which was first launched one year ago, now operates in f…

Nigeria's 'Next Titan' kicks off 11th season on four networks
Nigeria's entrepreneurial reality television show, *Betano-The Next Titan Nigeria*, has officially begun its 11th season, airing across four television networks. The show, which highlights aspiring bu…

CBN Cuts Interest Rates, Boosts Economic Confidence
The Central Bank of Nigeria (CBN) has cut the Monetary Policy Rate (MPR) by 350 basis points to 23%, marking its largest reduction in nearly two decades. The decision, announced by Governor Olayemi Ca…

Nigeria and US Sign Agreement to Boost Mining Investment
Nigeria and the United States have signed a critical minerals framework agreement to deepen American investment in Nigeria’s mining sector. The agreement, signed at the Nigeria Mission House in New Yo…

Zeeh Africa Expands Partnership with LAPO Microfinance Bank
Zeeh Africa, a company focused on know-your-customer and open banking solutions, has announced an expanded partnership with LAPO Microfinance Bank. The collaboration aims to enhance financial inclusio…



