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Nigeria

Nigerian fintech proposes acquisition to expand SME lending

Nigeria’s credit-led SME fintech has announced the proposed acquisition of Maritime Microfinance Bank (MFB), a financial institution specialising in saving products, demand deposits, investments, and micro and SME loans. The bank has worked on specific lending products for SMEs to...

#SME lending

Central Bank of Nigeria asked to suspend import, export e-invoice...

Central Bank of Nigeria (CBN) was urged by the House of Representatives to suspend the implementation of... (more…)

#Central Bank of Nigeria


NEPC to implement factoring and forfaiting in Nigeria

During the 1st National Conference on factoring and forfaiting in Nigeria, which took place on ... (more…)

#bank#conference#exports


NCDMB, NEXIM Bank sign MoU on US$30m working capital...

The Nigerian Content Development and Monitoring Board (NCDMB) and Nigerian Export-Import Bank (NEXIM) signed... (more…)

#working capital fund


Union Bank launches UnionPro to develop local trade

Union Bank, Nigeria has launched UnionPro, an offer to provide ... (more…)

#Union Bank#Union Bank


Nigerian company offers invoice discounting and purchase order financing...

...has unveiled a potpourri of financial products to Nigerians... (more…)

#bank#invoice#purchase order


IFC and Union Bank Partner to boost Nigeria’s trade...

IFC, a member of the World Bank Group, has announced a finance... (more…)

#bank#guarantees#international


Union Systems launches Nigeria’s first multibank trade finance portal,...

Union Systems Limited, a leading financial technology company, announced the launch of ... (more…)

#bank#cloud#international


NEXIM Bank charges NASS on Nigerian Factory Bill

The Managing Director, Nigeria Export-Import (NEXIM) Bank, Mr Abba Bello, has charged the National Assembly (NASS) to expedite action on…

#Factoring bill


GTBank, DBN offer US$69.53m funding to Nigerian SMEs

Guaranty Trust Bank plc (GTBank) is partnering with the Development Bank of Nigeria (DBN) to disburse NGN 25bn (US$69.53m) funding…

#bank#financial institution#MSME


Nigeria not in top five African factoring markets

Nigeria is not among the top five countries in Africa's factoring market, worth... (more…)

#bank#conference#guarantees


FSCF Nigeria receives CBN’s licence to start trade receivables...

Factoring and Supply Chain Finance Ltd (FSCF) has secured the license from Central Bank of Nigeria (CBN) to start... (more…)

#trade receivables financing

Interswitch and Microsoft partner to launch SCF in Nigeria

Microsoft and pan-African digital payments company Interswitch Group have announced... (more…)

#bank#blockchain#digital

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