Nigeria
Nigeria: Lotus Bank Achieves CBN’s Minimum Capital Requirement Ahead of New Mandate
Lotus Bank Limited, Nigeria’s pioneering non-interest bank, has confirmed it has met the Central Bank of Nigeria’s (CBN) updated minimum capital requirement for ...
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Nigeria: Naira Drops to N1,690/$ as FX Market Intervention Declines
The Nigerian naira fell further against the US dollar in the autonomous foreign exchange (FX) market, reaching approximately N1,690 per dollar on Tuesday. ...
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Nigeria’s Money Supply Surges to N108.95 Trillion
Recent data from the Central Bank of Nigeria (CBN) reveals a sharp year-on-year rise in the country’s broad money supply (M3), which grew ...
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Nigeria: NDIC Initiates Auction of Heritage Bank Assets to Settle Uninsured Depositors’ Claims
The Nigeria Deposit Insurance Corporation (NDIC) has begun a nationwide auction of properties and assets belonging to the defunct Heritage Bank, in a ...
Nigeria
Nigeria: FIRS Enhances Taxpayer-Friendly Approach Amid Transformative Initiatives — Chairman
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has highlighted the agency’s commitment to a more taxpayer-friendly approach, ...
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Nigeria: Naira Weakens as CBN Foreign Payments Surge by 11%
The naira continued its downward trajectory in the foreign exchange market, depreciating by 0.7% week-on-week to N1,678.87 per US dollar at the Nigerian ...
Nigeria
Nigeria: NCC Attributes Data Depletion to Technology, Not Operators
The Nigerian Communications Commission (NCC) has cleared Mobile Network Operators (MNOs) of any wrongdoing in relation to complaints of data depletion and incorrect ...
Nigeria
Nigeria: SEC Urges Stockbrokers to Leverage Capital Market for $1 Trillion Economy
Dr. Emomotimi Agama, Director-General of the Securities and Exchange Commission (SEC), has called on stockbrokers and other stakeholders in Nigeria’s capital market to ...
Nigeria
Nigeria: House Committee Urges FIRS to Boost Revenue with New Headquarters
The House of Representatives Committee on Finance has urged the Federal Inland Revenue Service (FIRS) to leverage its soon-to-be-completed 16-storey headquarters to enhance ...
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Nigeria: OPay Unveils Large Transaction Shield to Strengthen Security Against Fraud
OPay, one of Nigeria’s prominent digital financial services platforms, has introduced an advanced security feature called the “Large Transaction Shield,” aimed at enhancing ...