Nigeria
Fitch: Nigerian Banks on Track to Meet CBN’s 2026 Capital Requirement Deadline
Fitch Ratings has affirmed that Nigerian banks are making steady progress in their recapitalization efforts, ensuring compliance with the Central Bank of Nigeria’s ...
Nigeria
Nigeria: CBN to Maintain Oversight of Keystone Bank Following Court-Ordered Ownership Transfer
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to managing Keystone Bank Limited after a recent court ruling transferred the bank’s ...
Fintech
Unlocking Nigeria’s Fintech Potential: Kuda MD Advocates for Regulatory Reforms and Infrastructure Growth
Nigeria’s fintech sector continues to experience remarkable expansion, attracting $2 billion in investments in 2024. However, despite its rapid growth, critical challenges threaten ...
Nigeria
Nigeria: Naira Rebounds Slightly as CBN Injects $66 Million into Banks
The Nigerian naira made a modest recovery in the foreign exchange market after weeks of downward pressure. On Friday, the naira appreciated by ...
Nigeria
Nigeria: CBN Calls on Telecom Firms to Manufacture SIM Cards Locally to Ease Forex Pressure
The Central Bank of Nigeria (CBN) has urged telecommunications companies to localize the production of essential components such as SIM cards, cables, and ...
Innovation
Nigeria: CBN Raises N1.4 Trillion from Oversubscribed OMO Bills Auction
The Central Bank of Nigeria (CBN) has successfully raised ₦1.4 trillion through Open Market Operations (OMO) bills in its latest primary market auction. ...
Fintech
Nigerian Crypto Exchange Busha Lists cNGN Stablecoin, Eyes Phased Rollout
Busha, a leading Nigerian cryptocurrency exchange with a provisional license from the country’s Securities and Exchange Commission (SEC), has officially listed the compliant ...
Innovation
Nigeria: FG Seeks Strategic Partnership with Google to Boost AI Innovations
The Federal Government of Nigeria is advancing discussions with Google to drive Artificial Intelligence (AI) innovation and cloud adoption, positioning the country as ...
Nigeria
Nigeria: Reps Call for Removal of Contentious Sections from Tax Reform Bills
The House of Representatives has called for the removal of contentious clauses in the tax reform bills as the proposed legislation progressed to ...
Nigeria
Nigeria: CBN to Raise N600 Billion Through OMO Bills Auction
The Central Bank of Nigeria (CBN) is set to issue Open Market Operation (OMO) bills worth N600 billion at the primary market auction, ...
