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Nigeria: New Fees on Adverts, Promos not Double Taxation – NCC
The Nigerian Communications Commission (NCC) says payment on advertisements and promotions does not amount to double taxation. The NCC cleared the misconception at ...
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Nigeria: Call for Contributions to the National Artificial Intelligence Policy
Artificial Intelligence (AI) growth can be attributed to Digital Innovation and the evolution of technology. Globally, countries are grappling with ways to manage ...
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Nigeria: Rising Debt- CBN says Borrowing is a Component of Fiscal Responsibility
Nigeria cannot stop borrowing, according to the Central Bank of Nigeria (CBN), especially when it is necessary because it is a component of fiscal responsibility. ...
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Nigeria: QED makes its first African investment, backing Nigerian fintech TeamApt in $50M+ deal
QED Investors, a U.S. fintech-focused venture capital firm, has led a new investment in TeamApt, a Nigerian fintech that provides business payments and banking platforms. The investment ...
Nigeria
Nigeria: NDIC Chief Bello Hassan Blames Banks Failure on Managers
Mr Bello Hassan, the Managing Director, Nigeria Deposit Insurance Corporation (NDIC), has blamed the failure of banking institutions on the officers entrusted to ...
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Nigeria: NCC Remitted N463b to Federation Account in 5 Years
In the past 5 years, the Nigerian Communications Commission (NCC) transferred N463 billion to the Federal Government’s Consolidated Revenue Fund (CRF). Prof. Umar Danbatta, Executive ...
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Nigeria: GCR Affirms Sterling Bank SPV Bonds Rating, Outlook Stable
An emerging market ratings agency, GCR, has affirmed Sterling Investment Management SPV Plc.’s series 1 and 2 bonds’ ratings of BBB-(NG) with outlook ...
Nigeria
Nigeria: Nigeria’s Broadband Penetration Hits 44.5% in July, says Danbatta
Nigeria’s broadband usage has continued on the rise, moving up from 40.9% in February 2022 to 44.5% in July 2022, a figure considered ...
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Nigeria: Jaiz Bank Increases Half-Year Profit By Over 27 Percent.
Jaiz Bank Plc’s unaudited financial results for the second quarter ended 30 June 2022 were released to the Nigerian Exchange Group (NGX), revealing ...
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Nigeria: Banks Shun Lending to Real Sector as Deposit With CBN Surge by 12%
Despite the 65 per cent Loan-to-Deposit (LDR) ratio policy of the Central Bank of Nigeria (CBN) which was aimed at forcing the hands ...