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Bumpa and Vendorcredit Partner to Launch Bumpa Capital, Expanding Credit Access for Nigerian SMEs
May 6, 2026
Bumpa, a leading e-commerce platform, has partnered with Vendorcredit, a supply chain fintech, to launch Bumpa Capital to enhance credit access for small and medium-sized enterprises (SMEs) across Nigeria. Bumpa Capital gives new and existing Bumpa’s merchants direct access to…
Read moreFCCPC, NAFDAC sign fresh MoU to resolve consumer complaints faster
May 6, 2026
The Federal Competition and Consumer Protection Commission (FCCPC) and the National Agency for Food and Drug Administration and Control (NAFDAC) have signed a fresh Memorandum of Understanding (MoU) to cooperate on the faster resolution of consumer complaints. The post FCCPC,…
Read moreSpotlight by Technext brings together fintech leaders in exclusive, no-holds-barred convos
May 6, 2026
Leading tech media organisation, Technext, has announced the maiden edition of its much-anticipated fintech event, Spotlight by Technext. Set to hold on May 14, the event will feature conversations around the theme: Bridging Trust, Liquidity and User Reality. Spotlight by…
Read moreDangote Refinery denies petrol price increment, says price remains at N1,275/litre
May 6, 2026
Dangote Petroleum Refinery and Petrochemicals has debunked the rumours about a fresh petrol price increment, saying its ex-depot price for Premium Motor Spirit (PMS) remains unchanged at N1,257 per litre. The post Dangote Refinery denies petrol price increment, says price…
Read moreFMDA projects N10.53 trillion inflows in May on heavy OMO maturities
May 6, 2026
Nigeria’s fixed-income market is projected to witness a surge in liquidity inflows in May 2026, with the Financial Markets Dealers Association (FMDA) estimating a total of N10.53 trillion entering the system, largely driven by elevated Open Market Operations (OMO) maturities. …
Read morePolice repatriate Chinese suspect over $245 million Ponzi scheme fraud
May 6, 2026
The Nigeria Police Force has arrested and repatriated a Chinese national, Xu Qing, accused of orchestrating a $245 million Ponzi scheme fraud, back to his home country for prosecution. The post Police repatriate Chinese suspect over $245 million Ponzi scheme…
Read moreEFCC arraigns company for allegedly rebroadcasting Multichoice content
May 6, 2026
The Economic and Financial Crimes Commission (EFCC) on Tuesday, May 5, 2026, arraigned a communications company, Metro Digital Limited, over the alleged unlawful interception and rebroadcast of Multichoice Nigeria Limited content. The post EFCC arraigns company for allegedly rebroadcasting Multichoice…
Read moreNigerian equities market falls 0.58% amid rising volume
May 5, 2026
The Nigerian equities market closed the trading day ended 5 May 2026 in negative territory, shedding 1,411.37 points to settle at 241,750.15 amid mild selling pressure. The post Nigerian equities market falls 0.58% amid rising volume appeared first on Nairametrics.
Read moreSycamore’s commercial paper offer closes at ₦6.89b, oversubscribed by 230%
May 5, 2026
Strong investor demand positions Nigerian fintech as a credible participant in the debt capital markets Sycamore Integrated Solutions Limited has closed its Series 1 Commercial Paper issuance at ₦6.89 billion against a ₦3 billion target, drawing subscriptions at 2.3x the…
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