Nigeria
Nigeria: CBN Confident of Nigeria’s Removal from FATF Grey List by May 2025
The Central Bank of Nigeria (CBN) has expressed optimism that Nigeria will be removed from the Financial Action Task Force (FATF) grey list ...
Nigeria
Nigeria’s Central Bank Enhances Diaspora Engagement to Boost Remittance Inflows
The Central Bank of Nigeria (CBN) has initiated a strategic campaign to strengthen ties with the Nigerian diaspora, aiming to amplify remittance inflows ...
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Nigeria: Telecom Tariff Hike Proposal Sparks Division Among Subscriber Bodies
Two major subscriber groups in Nigeria—the National Association of Telecommunications Subscribers (NATCOMS) and the Association of Telephone, Cable TV, and Internet Subscribers of ...
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Nigeria: $1 Billion Monthly Diaspora Remittance Target Within Reach — CBN Governor Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has expressed confidence in achieving a target of $1 billion in ...
Nigeria
Nigeria: Senate Urges NDIC to Maximize Heritage Bank’s Asset Value for Depositors
The Nigerian Senate has urged the Nigeria Deposit Insurance Corporation (NDIC) to ensure the highest possible value is realized from the remaining assets ...
Nigeria
Nigeria: SEC DG to Address Capital Market’s Role in Wealth Creation at Upcoming Summit
The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, is set to headline the 13th Annual Conference of the Institute ...
Nigeria
Nigerian Banking Sector Achieves N7.91 Trillion Market Cap Amid New Recapitalization Wave
Nigerian bank stocks on the Nigerian Exchange Limited (NGX) reached a market capitalization of N7.91 trillion as of Friday’s close, fueled by renewed ...
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Nigeria: Money Market Rates Fall as FAAC Inflows Improve System Liquidity
Money market rates, specifically the overnight lending rate and open repo rate, declined this week, supported by inflows from the Federal Accounts Allocation ...
Nigeria
Nigeria: Cardoso Reports Active Consultations to Remove Nigeria from FATF Money Laundering Watchlist
The Central Bank of Nigeria (CBN) announced on Saturday that it has been engaged in consultations since February 2023 to secure Nigeria’s removal ...
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Nigeria: Starlink Pauses Price Increase in Nigeria Amid Regulatory Scrutiny
Starlink has announced a temporary suspension of its recent price hike in Nigeria as it addresses ongoing regulatory issues. “Last month, we increased ...