Nigeria
Nigeria: NIS Launches Contactless Passport Application for Nigerians Residing in Europe
The Nigeria Immigration Service (NIS) announced today that it will extend its contactless passport application system to select European countries, aiming to simplify ...
Nigeria
Nigeria: NIMC Approves FIC Professionals Network Plc for ID4D Initiative
The National Identity Management Commission (NIMC) has granted clearance to FIC Professionals Network Plc to participate in Nigeria’s World Bank-supported Identity for Development ...
News
Nigeria Remains Africa’s Largest Economy, Affirms World Bank
At a recent stakeholder engagement in Abuja, Dr. Ndiame Diop, the World Bank’s Country Director for Nigeria, reaffirmed that Nigeria continues to be ...
Fintech
Nigeria: Binance Executive Files Suit Against EFCC Over Alleged Unlawful Detention
A Federal High Court in Abuja is set to hear a compensation lawsuit on March 20, 2025, filed by Binance executive Tigran Gambaryan ...
Nigeria
Nigeria: Banks Secure N1.2 Trillion from CBN in a Single Day Amid Liquidity Crunch
Nigerian deposit money banks (DMBs) have borrowed a record N1.2 trillion from the Central Bank of Nigeria’s (CBN) Standing Lending Facility (SLF) in ...
Nigeria
Nigerian BDC Operators Advocate Capital Requirement Overhaul Amid Strong Naira Rally
The President of the Association of Bureaux De Change Operators of Nigeria (ABCON), Aminu Gwadabe, has urged the Central Bank of Nigeria (CBN) ...
Nigeria
Nigeria: CBN Introduces New Foreign Exchange Guidelines for Bureau de Change Operators
The Central Bank of Nigeria (CBN) has introduced new regulatory measures for Bureau de Change (BDC) operators, limiting their weekly foreign exchange (FX) ...
Nigeria
Nigerian Banks Move to Settle USSD Debt, Averting Disconnection
Nine Nigerian banks have taken significant steps toward settling their outstanding debts to telecommunication operators for Unstructured Supplementary Service Data (USSD) services, thereby ...
News
Nigeria: Federal Government Advances Fiscal Excellence with Revised Cash Management Policy
The Federal Government has reaffirmed its dedication to sound fiscal management and sustainable economic development through the implementation of the revised Cash Management ...
Fintech
Nigeria’s Mobile Money Transactions Hit N71.5 Trillion in 2024 Despite Regulatory Challenges
Nigeria’s mobile money sector continues to expand at an unprecedented rate, with transactions reaching N71.5 trillion in 2024, according to recent data from ...
