Category: Banking

NjiaPay Secures $1M+ to Simplify Payments for African Businesses

May 21, 2025 thTV Admin, Owerri No Comments

NjiaPay, a Payments-as-a-Service provider solving the complexities of payments for African businesses, today announced the closing of an oversubscribed $1 million+ pre-seed funding round. The round was led by HAVAÍC, with participation from a number of prominent angel investors, including founders of Anyfin, Banxware, and Maxidrive. Launched in late 2024 as a spin-off from Talk360,…

Banking

CBN raises interest rate to 18.5% after MPC Meeting

May 24, 2023June 21, 2023 thTV Admin, Owerri No Comments

On Wednesday, the Central Bank of Nigeria (CBN) implemented a hike in its benchmark lending rate from 18 percent to 18.5 percent, aiming to combat inflationary pressures. During a two-day meeting in Abuja, the Monetary Policy Committee (MPC) of the CBN, chaired by Governor Godwin Emefiele, made this decision. Additionally, the MPC opted to maintain…

Banking

No plans to phase out redesigned Naira notes – CBN

April 30, 2023 thTV Admin, Owerri No Comments

The Central Bank of Nigeria (CBN) says no plans to phase out the redesigned Naira notes from circulation. CBN’s Acting Director, Corporate Communications Department, Isa AbdulMumin, made this known in a statement in Abuja on Sunday. The statement was a reaction to a viral news on social media that the apex bank was contemplating the…

Banking, Business, thTV

Naira Redesign: Anambra residents decry sudden disappearance of new N200, N500, N1,000 notes

April 17, 2023 thTV Admin, Owerri No Comments

Barely one month after the reintroduction of old N200, N500 and N1,000 notes, some residents of Anambra have decried the unavailability of the new notes in many banks in the state. Some of them told the News Agency of Nigeria (NAN) in Awka on Monday that they hardly complete transactions with new naira notes because…

Banking, Headlines, thTV

eco.business Fund and Fidelity Bank Form New Partnership to Expand Access to Finance for Agribusinesses in Ghana

August 31, 2022 thTV Admin, Owerri No Comments

The partners aim to promote sustainable practices across multiple food value chains ACCRA, Ghana, August 31, 2022/ — The eco.business Fund (www.ecobusiness.Fund), an impact investment fund advised by Finance in Motion, has made its first investment in Ghana, extending USD 15 million to Fidelity Bank. The senior loan will be on-lent to a wide range…

Banking, Press Release

2022 Africa Climate Week: Experts Discuss Africa’s Needs and Priorities Ahead of Conference of Parties 27 (COP27)

August 31, 2022August 31, 2022 thTV Admin, Owerri No Comments

More than 1200 delegates attended the 2022 Africa Climate Week event, which opened in Libreville, Gabon on Monday, 29 August LIBREVILLE, Gabon, August 31, 2022/ — Amid a call for urgent action to safeguard the continent from climate change, Gabon’s President Ali Bongo Ondimba opened the 2022 Africa Climate Week by highlighting his country’s efforts…

Banking, Press Release