The Central Bank of Nigeria (CBN) is the country's apex monetary authority, established by the CBN Act of 1958 and officially commencing operations on July 1, 1959
The Nigerian government to link entire borrowing history to your NIN
The Nigerian government announced a unified national credit system linking credit scores to National Identification Numbers (NIN). Uzoma Nwagba, Managing Director of CREDICORP, emphasized the transformative potential of the new credit system during a press engagement.
Nigeria Labor Laws: Key Rules for Startups
The minimum wage in Nigeria will increase to ₦70,000/month starting July 2024. Businesses with fewer than 25 employees, part-time, and commission-based workers are exempt from the minimum wage law.
How open banking will change how fintechs manage API integrations with banks
Accessing bank data in Nigeria was previously complex and often relied on personal relationships. Fintechs used insecure methods like screen scraping to gather user data, raising security concerns.
“I saw the crypto ban on social media, like everybody else”: Day 1–1000 of Busha
In late 2017, Moyo Sodipo faced frustrations in buying Bitcoin, leading to the creation of Busha. Busha launched to the public in 2019 after a private beta, aiming to make crypto transactions accessible for Nigerians.
NIPOST’s Fintech Reinvention: Bridging Tradition and Digital Innovation in Nigeria’s Financial Landscape
NIPOST has renewed its licenses with the Central Bank of Nigeria after an eight-year suspension. The agency is entering the IMTO sector to provide financial services and compete with digital-first firms.
