News
Nigeria: Sterling Bank to change name as shareholders approve restructuring
Sterling Bank Plc will take a new name after receiving shareholders’ approval to convert from a core banking business to a holding company, ...
Nigeria
Nigeria: FintechNGR Offers to Mediate between FCCPC and Digital Lenders
The Federal Competition and Consumer Protection Commission (FCCPC’s) recent directive to all operating payment systems (in Nigeria) including Flutterwave, Opay, Paystack, and Monify ...
Nigeria
Nigeria: Investment Securities Bill Key to Economic Growth -SEC
The Securities and Exchange Commission (SEC) says the passage of the Investments and Securities Bill (ISB) will facilitate the growth of the economy. ...
Nigeria
Nigeria: Telecom Regulator, NCC Debunks Recruiting Rumours
The Nigerian Communications Commission(NCC) has debunked claims that false advertisements are being circulated online, seeking applications for an alleged recruitment exercise. In a ...
News
Nigeria: External Reserves Dip Ahead of CBN $1.7bn FX Backlog Payment
Ahead of a scheduled $1.7 billion foreign currencies (FX) backlog payment, Nigeria has seen its external reserves drooping for the third week amidst ...
News
Nigeria: Digital Bank FairMoney Partners Oradian to Accelerate Market Growth
FairMoney, a credit-led mobile banking platform for emerging markets in Africa and Asia, has partnered with Oradian, a cloud-based core banking system, to ...
News
Nigeria: PenCom approves guidelines to access retirement savings for residential mortgage
The National Pension Commission (PenCom) says it has approved guidelines for workers to get a residential mortgage using their retirement savings account (RSA). ...
News
Nigeria: FIRS warns ministries, departments and agencies against contracting tax collection, enforcement to consultants
The Federal Inland Revenue Service (FIRS) has warned ministries, departments, and agencies of government (MDAs) not to hire consultants or concessionaires to collect ...
News
Nigeria: FBN Insurance rebrands to Sanlam
FBN Insurance Limited has rebranded into Sanlam Life Insurance Nigeria Limited. Sanlam is one of Africa’s largest non-banking financial services companies. According to the ...
News
Nigeria: CBN considers using GSI to recover Anchor Borrowers’ Programme loans from defaulters
The Central Bank of Nigeria (CBN) has warned that it may use the Global Standing Instruction (GSI) against Anchor Borrower Program (ABP) loan defaulters. Mr. ...