News
Nigeria: Dalu Ajene Emerges Standard Chartered CEO Africa
Standard Chartered has appointed Mr. Dalu Ajene as the Chief Executive Officer of the Bank’s operations in Africa with dual responsibilities as the ...
News
Nigeria: FCMB Clears National Capital Threshold, Sets Sights on International Expansion
FCMB Group Plc has successfully secured a national banking licence for its flagship subsidiary, following a major capital raise that ensures uninterrupted domestic ...
News
Nigeria: FCMB secures national banking licence after meeting N200bn capital requirement
FCMB Group Plc has obtained a national banking licence for its core subsidiary, First City Monument Bank, after completing a major capital raise ...
Nigeria
Nigeria: How CBN Reforms Are Boosting Nigeria’s FX Inflows, Balance of Payments
The ongoing reforms in the financial sector have contributed to the growth of the Balance of Payments (BOP) surplus and the ongoing surge ...
Nigeria
Nigeria: NFIU hails Nigeria’s FATF, EU delisting as boost to financial system
The Nigerian Financial Intelligence Unit (NFIU) has described Nigeria’s removal from the Financial Action Task Force (FATF) Grey List and the European Union’s ...
Nigeria
Nigeria: SEC Raises Capital Requirements for Market Operators, Sets 18-Month Compliance Deadline
Nigeria’s Securities and Exchange Commission (SEC) has unveiled a sweeping revision of minimum capital requirements for operators in the country’s capital market, significantly ...
News
Nigeria: Oyedele, LCCI Endorse Tax Reforms to Unlock Investment and Spur Growth
The Lagos Chamber of Commerce and Industry (LCCI) and the Chairman of the Presidential Committee on Fiscal Policy and Tax Reform, Taiwo Oyedele, ...
Nigeria
Nigeria: NCC Engages PwC to Assess Competition in Nigeria’s Telecom Sector
Nigeria’s telecoms regulator, the Nigerian Communications Commission (NCC), has appointed PricewaterhouseCoopers (PwC) to carry out an independent, data-driven assessment of competition within the ...
Fintech
Nigeria: Paystack Expands into Banking with Ladder Microfinance Bank Acquisition
Paystack has taken a major step beyond payments by entering Nigeria’s regulated banking space through the acquisition of Ladder Microfinance Bank, marking its ...
Nigeria
Nigeria: NRS Clarifies VAT Treatment on Bank Customers’ Transactions
The Nigeria Revenue Service (NRS) has issued a clarification to address public concerns around Value-Added Tax (VAT) on banking transactions, stressing that no ...