News
Nigeria: MTN Nigeria appoints Mazen Mroue as Non-Executive Director
The board of MTN has approved the appointment of Mazen Mroue as a non-executive director of the company effective from 1st June 2022. ...
News
Nigeria: CBN defends naira with $3.36bn in two months
The Central Bank of Nigeria injected $3.36bn into the foreign exchange market in two months as part of efforts to ensure the stability ...
News
Nigeria: CBN sets criteria for Credit Risk Management System enrolment
The Central Bank of Nigeria (CBN) has set criteria to be met by Other Financial Institutions (OFIs) to qualify for enrollment onto the ...
Innovation
Nigeria: NCC licenses Elon Musk’s Starlink to provide internet service in Nigeria
Nigeria has approved Elon Musk’s Starlink, a satellite internet constellation operated by SpaceX, providing satellite Internet access coverage to 32 countries where its ...
News
Nigeria: Customs gives companies 14-day ultimatum to register for payment of excise duty
The Nigerian Customs Service says that companies have a 14-day grace period with effect from May 27 to register for payment of excise ...
News
Nigeria: Court rules Nigerian govt cannot implement controversial NBC code
The judge ruled that the proposed amendment to the 6th Edition of the NBC code is unconstitutional and restrained the Commission from implementing ...
News
Nigeria: FBNHoldings delivers a stelar performance of 99% growth in FY 2021, declares N166.7 billion Profit Before Tax
FBN Holdings Plc. (“FBNH” or “FBNHoldings” or the “Group”) today announces its audited results for the financial year ended 31 December 2021. Selected ...
Nigeria
South Africa: New deposit insurance framework brings SA in line with the international standards, says Bank
African Bank has bought Grindrod Bank to deliver on its strategy of accelerating its entry into SA’s increasingly competitive business banking market. The ...
News
Nigeria: CBN’s May 2022 treasury bills auction records 47% oversubscription after bank raises interest rates
The Central Bank of Nigeria’s (CBN) Treasury Bills for a 1-year tenor worth N143.88 billion, which was auctioned on Wednesday, 25th of May ...
News
Nigeria: VerifyMe launches instant vehicle license verification service in Nigeria
Leading digital identity and consumer analytics technology company, VerifyMe Nigeria, has launched a digital plate number verification service that verifies motor vehicle and ...