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Small merchants built UPI's reach. Here's what government data shows

Small merchants have driven UPI's mass adoption. Here's why defining who qualifies as a small merchant matters as the government creates a framework for potential MDR

Small merchants built UPI's reach. Here's what government data shows

We haven't written up this one. Business Standard IN has the full story — the link below goes straight to it.

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TAJBank’s PBT surges 74% to N31.56bn

TAJBank Limited, Nigeria’s largest non-interest bank by assets, has recorded a significant improvement in its financial performance, with Profit Before Tax (PBT) rising by 74% year-on-year to N31.562…

  • TAJBank PBT increased 74% to N31.562 billion in 2025.
  • Total assets grew to N1.34 trillion, equity expanded 144%.
  • Dividend of 20 kobo per share approved at 2026 AGM.

Operators eye private equity as pension funds hit N31trn

Operators in Nigeria’s pension sector are exploring private equity investments as part of a new drive to expand pension funds which currently stand at N31 trillion as checks by Daily Trust have shown.

  • Nigeria's pension sector holds N31 trillion in funds, surpassing the 2024 federal budget.
  • Private equity remains underutilized, with Nigerian pension funds allocating 1.7% of assets.

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