Remita Payment Services Limited has officially expanded into the consumer and retail space with the launch of a new, comprehensive mobile application designed to simplify personal finance and streamline digital payments. Unveiled at the Nigeria Fintech Week 2026 (NFW26) held at the Wole Soyinka Centre in Lagos, the Remita App allows users to link and manage multiple bank accounts from a single interface, eliminating the need to jump between fragmented financial apps. Speaking at the launch, DeRemi Atanda, Remita Managing Director and CEO, emphasised that the app represents a strategic evolution for a company with over two decades of enterprise…
Author: Elvis Eromosele
The Joint Admissions and Matriculation Board (JAMB) has announced a temporary shutdown of its Central Admissions Processing System (CAPS) portal, citing technical challenges linked to its current hosting arrangements. The disruption comes at a peak period in the tertiary admission cycle, temporarily restricting candidates, institutions, and stakeholders who depend on the platform for admission processing and acceptance. In an official statement released via its X account, JAMB expressed regret over the sudden downtime and assured the public that intensive efforts are being made to restore full service. “JAMB wishes to inform candidates, institutions and all other users that the Central…
Lagos State maintained its formidable lead over Nigeria’s subnational fiscal landscape in 2025, single-handedly accounting for more than one-third of the country’s internally generated revenue. According to newly released data from the National Bureau of Statistics (NBS), the 36 states and the Federal Capital Territory (FCT) pulled in a combined N5.15 trillion in Internally Generated Revenue (IGR) in 2025, marking a robust 40.93 per cent jump from the N3.65 trillion recorded in 2024. Of that total, Lagos raked in N1.77 trillion, translating to roughly N34 out of every N100 generated internally across the entire country. Lagos’ massive haul comprised N1.48…
Nigeria’s foreign reserves have officially crossed the $55 billion mark, hitting their highest level in over 18 years, according to Central Bank of Nigeria (CBN) Governor Olayemi Cardoso. Cardoso made the announcement at a press briefing in Abuja following the 307th meeting of the Monetary Policy Committee (MPC). He attributed the historic milestone to disciplined monetary management and strong contributions from the diaspora. “We have been able to rebuild our reserves. We know that today, the reserves have crossed US$ 55 billion – the highest number in over 18 years. That’s a big thing. It’s come through consistency and discipline…
The rehabilitation of the strategic Amuwo 132/33kV Transmission Substation in Lagos has hit a snag, with completion pushed back as the Transmission Company of Nigeria (TCN) waits for specialised equipment currently being manufactured in China. Engr. Mrs. Funmi Ikoko, Acting General Manager of the TCN Lagos Region, disclosed the delay during a fact-finding tour by a team from the Lagos State Electricity Regulatory Commission (LASERC), led by CEO Mrs. Temitope George and Executive Member of Engineering and Standards, Engr. Olopade Adekunle. According to Ikoko, the rehabilitation project is currently around 80% complete. However, contractors are stalled while awaiting critical imported…
The Nigerian Exchange Group (NGX Group) has expanded access to its digital capital market platform, NGX Invest, with the launch of a new WhatsApp subscription channel. The initiative allows retail and institutional investors to view eligible primary-market offerings, including Initial Public Offerings (IPOs), Public Offers, and Rights Issues, and complete subscriptions directly through WhatsApp without downloading a separate application. How WhatsApp Investing Works To begin the process, investors can message the word “Invest” to the official NGX Invest WhatsApp number, +234 812 731 9521. Seamless Navigation: Users follow automated prompts to browse available offers. Broker Integration: Investors select a registered…
The National Agricultural Development Fund (NADF) has initiated a stakeholder validation process for a proposed Non-Interest Finance Framework and Guidelines aimed at expanding credit access and strengthening Nigeria’s food security. Speaking at a strategic validation roundtable in Abuja, Mohammed Ibrahim, NADF Executive Secretary and CEO, explained that the initiative is designed to offer asset-backed, ethical, and risk-sharing models that complement conventional banking. “Our objective is not simply to introduce another financing framework. It is to broaden the financing ecosystem for agriculture by ensuring that every credible financing option is available to Nigerian farmers, agribusinesses, and other value chain actors,” Ibrahim…
The Manufacturers Association of Nigeria (MAN) has demanded tighter regulatory oversight on foreign operators infiltrating the country’s retail sector, warning that unchecked expansion into non-traditional fields threatens domestic commerce. Speaking at a Lagos media briefing ahead of the association’s 54th Annual General Meeting, Segun Ajayi-Kadir, MAN Director-General, urged authorities to strictly enforce trade and immigration laws against expatriates operating outside their permitted scopes. Citing Ghana as a benchmark for protecting local markets, Ajayi-Kadir questioned the complicity of regulatory bodies. “If there are no extant laws to deal with that kind of thing, I think this is the time that should…
Nigerian Breweries Plc has launched its 80th-anniversary campaign, titled “Together, Every Moment,” offering ₦80 million in cash prizes to reward customer loyalty across the country. To mark eight decades of operation since its incorporation in 1946, the company is inviting Nigerians to share personal photographs and videos that showcase how Nigerian Breweries, its products, or its community initiatives have featured in their lives, businesses, and celebrations. Through the nationwide “National Story Collection” initiative, 80 selected entries will win ₦1 million each, alongside other prizes. The winning stories will also be featured in commemorative films, editorial features, social media campaigns, outdoor…
Nigerian fintech company Paga processes about $1.5 billion in transactions every month, according to Tayo Oviosu, founder and Chief Executive Officer, highlighting the scale of the company’s operations more than a decade after it began commercial operations. Oviosu disclosed the figure during an interview with School of Hard Knocks, which featured the Paga founder during its return to Nigeria. He said Paga now has more than 200 employees and processes over $1.5 billion in monthly transaction volume. He also disclosed that the company is valued at hundreds of millions of dollars, while its highest annual revenue was about $60 million…