Nigeria
Nigeria: Naira Strengthens as Foreign Currency Demand Eases
The naira appreciated in the foreign exchange (FX) market as demand for the US dollar waned, bolstered by the Central Bank of Nigeria’s ...
Nigeria
Nigeria: NCC Approves Tariff Adjustments for Telecom Operators
The Nigerian Communications Commission (NCC) has announced its approval of tariff adjustment requests by network operators, leveraging its regulatory authority under Section 108 ...
Nigeria
MTN Nigeria Secures N42.2 Billion in New Capital
MTN Nigeria Communications Plc has successfully raised N42.2 billion in debt capital through the issuance of commercial papers (CPs) under its N250 billion ...
Nigeria
Nigeria: SEC Warns Capital Market Operators of Penalties for Non-Renewal of Registration
The Securities and Exchange Commission (SEC) has issued a stern warning to capital market operators (CMOs) to renew their registration for 2025 by ...
News
Nigeria: BVN Now Mandatory for RSA Holders Starting February – PenCom
The National Pension Commission (PenCom) has announced that from February 1, Bank Verification Numbers (BVNs) will be mandatory for all Retirement Savings Account ...
Africa
Africa: Ethio Telecom Partners with AfDB to Propel Africa’s Digital Transformation
Ethio Telecom and the African Development Bank (AfDB) are collaborating on initiatives to advance Ethiopia’s digital economy and support Africa’s broader digital transformation ...
Fintech
Nigeria: Baobab Network Invests in CreditChek to Expand Cross-Border Credit Access
Baobab Network, a leading early-stage investor and accelerator, has kickstarted its 2025 investment cycle by investing in CreditChek, a Nigerian fintech startup focused ...
Nigeria
Nigeria: FG Aims to Pass Digital Economy Bill by Q2 2025
The Federal Government of Nigeria is working toward the passage of the Digital Economy Bill by the second quarter of 2025, marking a ...
Nigeria
Nigeria: Market Rates Surge as Banks Borrow N4 Trillion from CBN
Amid a significant liquidity deficit in the Nigerian banking system, banks turned to the Central Bank of Nigeria (CBN) for support, borrowing approximately ...
Africa
Africa: AfDB Partners with U.S. to Launch Credit Rating Platform for African Markets
The African Development Bank (AfDB) has entered into a partnership with Prosper Africa, a U.S. Presidential initiative, to develop an innovative Credit Rating ...