Author: Susan Adeyemi

Wema Bank is strengthening its partnerships with fintech companies to accelerate digital banking innovation and expand financial services across Nigeria. The bank is investing in payment infrastructure, APIs, virtual accounts and strategic collaborations to help fintechs scale more efficiently. The initiative underscores Wema Bank’s ambition to play a leading role in Nigeria’s rapidly growing digital finance ecosystem while supporting the country’s broader digital economy. Nigeria’s digital banking landscape is entering a new phase where success will depend less on competition between banks and fintechs and more on how effectively they work together. Recognising this shift, Wema Bank is strengthening its…

Dangote Refinery’s decision to price petrol sales in US dollars marks a significant shift in Nigeria’s downstream petroleum market. While the move may reduce foreign exchange risks for the refinery, it also ties domestic fuel pricing more closely to exchange-rate movements, raising fresh questions about inflation, the future of the naira-for-crude policy, and the cost of doing business in Africa’s largest economy. Why This Story Suddenly Matters Around the world, commodities are typically priced in US dollars because it provides a common benchmark for international trade. Yet governments often seek ways to reduce dependence on the dollar to strengthen local…