FirstBank says its salary-backed digital loan product, FirstAdvance, has hit a milestone of N1 billion in daily disbursement, reflecting rising customer adoption and trust.

CBN Governor Olayemi Cardoso has unveiled Payment Systems Vision 2028, a strategic roadmap to build a secure, inclusive and globally competitive payments ecosystem in Nigeria.

Women Affairs Minister Imaan Sulaiman-Ibrahim says more than 80 percent of Nigerian women-owned businesses operate without access to formal credit, holding back economic growth.

A ₦100 million loan scheme has been launched to support Nigerian micro-entrepreneurs, focusing on women and informal sector businesses.

Nigeria launches a new NIN card to streamline government services, promote financial inclusion, and support unbanked citizens in rural areas.

First phase of Aso Accord: Federal Government initiates financial protection strategy for uninsured Nigerians.

CBN reforms have driven investment inflows to a four-year high in Nigeria, signaling positive economic growth and enhanced investor confidence.

Mobile loan apps have driven a ₦1.22 trillion loan demand in Nigeria over the past year, highlighting the impact of digital lending on financial inclusion.

Nigeria experiences a 64% surge in Naira-based loan apps as citizens turn to digital solutions for quick and accessible credit, highlighting economic challenges and opportunities.

Nigerian fintech companies will be allowed to resume enrolling new customers in a few months, according to the Central Bank of Nigeria (CBN). The CBN had suspended new customer onboarding in April to address concerns about money laundering.

The National Identity Management Commission (NIMC) in Nigeria is making significant strides in its National Identity Number (NIN) enrollment drive. As of May 2024, over 107.3 million Nigerians have been captured in the national identity database. The NIMC is also working to expand capacity to enroll 250 million Nigerians and introducing a new multifunctional National ID Card that offers a variety of functionalities beyond just identification, including financial transactions, access to government services, and travel identification. 

Nigeria’s Federal Government has launched a new initiative to improve consumer credit and stimulate...