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PoS operators in Nigeria raised fees due to a new ₦50 levy. The ₦50 levy applies to transactions of ₦10,000 or more. The charge affects both...
The Economic and Financial Crimes Commission (EFCC) has raised concerns over the role of Nigerian banks in facilitating financial crimes, urging them to avoid becoming tools...
The Presidency has emphasized that Nigeria’s economic significance and population size position the country as a strong candidate for admission into the G20 economic group. In...
The Corporate Affairs Commission (CAC) has announced the commencement of strict measures, including the potential shutdown of Point of Sales (PoS) businesses that have failed to...
Nigeria’s Securities and Exchange Commission (SEC) has granted approval in principle to two cryptocurrency exchanges, Quidax and Busha, officially recognizing them as legal crypto trading platforms...
Nigerians attempting to pay for new passports through the Nigeria Immigration Service (NIS) portal have faced significant challenges due to technical difficulties with the online payment...
Nigeria plans to integrate 30 million unbanked citizens into the formal financial sector as part of President Tinubu’s Renewed Hope Agenda. EKO HOT BLOG reports that Nigeria’s...
OPay has taken legal action and received court approval to freeze customer bank accounts after a system glitch resulted in a ₦714 million debt due to...
The Tinubu-led administration has initiated the establishment of the Nigerian Academy for Cultural Studies. NACUS has received approval and accreditation from NBTE and NSUK. This development...
President of the Africa Fintech Network (AFN), links regulatory issues for Nigerian fintechs to their dynamic business models. Recent CBN directive halting customer onboarding by fintechs...