Nigeria
Nigeria: NDIC Warns Nigerians Against Rising Ponzi Schemes, Reaffirms Deposit Insurance Protection
The Nigeria Deposit Insurance Corporation (NDIC) has cautioned Nigerians to remain vigilant against fraudulent investment platforms, including Ponzi schemes, stressing that only funds ...
Nigeria
Nigeria: CBN announces phased restructuring of fixed income market to enhance transparency and oversight
The Central Bank of Nigeria (CBN) has unveiled plans for a phased restructuring of the Nigerian Fixed Income Market, in a move aimed ...
Regulatory
Global: Nubank Seeks U.S. National Bank Charter to Deepen Global Expansion
Nubank, Latin America’s largest digital bank, has formally applied for a U.S. national bank charter from the Office of the Comptroller of the ...
Nigeria
Nigeria Achieves Global Milestone with Tax-ID Registration and Peppol Integration
Nigeria has reached a landmark achievement in its digital trade and tax administration journey with the global registration of its Tax Identification Number ...
Nigeria
Nigeria’s Pension Fund Assets Surpass ₦25tn Milestone Amid Regulatory Reforms
Nigeria’s pension industry has crossed a major milestone, with total pension fund assets rising above ₦25 trillion for the first time. According to ...
Nigeria
Nigeria: FG Bond Auction Draws Over N1.26tn in Subscriptions, Underscoring Investor Confidence
The Federal Government of Nigeria (FGN) has recorded overwhelming investor interest in its September bond auction, with subscriptions topping N1.26tn, more than six ...
Nigeria
Nigeria: Sterling HoldCo’s Public Offer Gains Momentum Amid Attractive Pricing
Sterling Financial Holdings Company Plc (Sterling HoldCo) has recorded strong investor interest following the launch of its public offer, reflecting renewed confidence in ...
Nigeria
Nigeria: CBN Tightens Liquidity Rules with 75% CRR on Non-TSA Deposits
Nigerian banks, particularly those reliant on government deposits, face new funding pressures following the Central Bank of Nigeria’s (CBN) introduction of a 75% ...
Mozambique
Mozambique: Ecobank Finalizes Exit from Mozambique Operations Following Stake Sale to FDH Bank
Ecobank Transnational Incorporated (ETI) has completed its divestment from Mozambique with the successful sale of its stake in Ecobank Mozambique S.A. to FDH ...
Nigeria
Nigeria: TAJBank Achieves CBN’s New Recapitalisation Benchmark Ahead of Deadline – CEO
TAJBank Limited has successfully met the new capital thresholds mandated by the Central Bank of Nigeria (CBN) under its ongoing recapitalisation programme, positioning ...