Nigeria
Nigeria: FCCPC begins enforcement against non-compliant digital lenders
The Federal Competition and Consumer Protection Commission (FCCPC) has begun a phased enforcement process against Digital Money Lending (DML) operators that failed to ...
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Nigeria: Unified identity data can curb predatory lending, says eTranzact
The Chief Executive Officer of eTranzact Plc, Niyi Toluwalope, has called for the adoption of a unified and tokenised national identity system as ...
Nigeria
Nigeria: Cash, digital payments must coexist, says NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has reaffirmed the continued relevance of cash in Nigeria’s payment ecosystem, stressing that physical cash must coexist ...
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Nigeria: BOI names Olayinka Mubarak Managing Director of Investment & Trust arm
The Bank of Industry (BOI) has appointed Olayinka Mubarak as the Managing Director of BOI Investment & Trust Company Limited (BOI-ITC), its wholly ...
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Nigeria: Dalu Ajene Emerges Standard Chartered CEO Africa
Standard Chartered has appointed Mr. Dalu Ajene as the Chief Executive Officer of the Bank’s operations in Africa with dual responsibilities as the ...
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Nigeria: FCMB Clears National Capital Threshold, Sets Sights on International Expansion
FCMB Group Plc has successfully secured a national banking licence for its flagship subsidiary, following a major capital raise that ensures uninterrupted domestic ...
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Nigeria: FCMB secures national banking licence after meeting N200bn capital requirement
FCMB Group Plc has obtained a national banking licence for its core subsidiary, First City Monument Bank, after completing a major capital raise ...
Nigeria
Nigeria: How CBN Reforms Are Boosting Nigeria’s FX Inflows, Balance of Payments
The ongoing reforms in the financial sector have contributed to the growth of the Balance of Payments (BOP) surplus and the ongoing surge ...
Nigeria
Nigeria: NFIU hails Nigeria’s FATF, EU delisting as boost to financial system
The Nigerian Financial Intelligence Unit (NFIU) has described Nigeria’s removal from the Financial Action Task Force (FATF) Grey List and the European Union’s ...
Nigeria
Nigeria: SEC Raises Capital Requirements for Market Operators, Sets 18-Month Compliance Deadline
Nigeria’s Securities and Exchange Commission (SEC) has unveiled a sweeping revision of minimum capital requirements for operators in the country’s capital market, significantly ...