Nigeria
Nigeria’s Tax Reform Bills and FIRS’s Zacch Adedeji: Unpacking the Controversy
President Bola Tinubu’s recent submission of four tax reform bills to Nigeria’s National Assembly has ignited significant debate. At the center of this ...
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Nigeria’s CBN Enforces Approval Requirement for Core Banking System Changes to Minimize Service Disruptions
In response to recent customer frustrations over technological disruptions, the Central Bank of Nigeria (CBN) has issued a new directive mandating that commercial ...
Nigeria
Nigeria: Naira Drops ₦67 as Nigeria Launches FX Disclosure Scheme to Stabilize Market
The naira weakened by ₦67 against the US dollar this past week as Nigeria launched a new foreign exchange disclosure scheme aimed at ...
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Nigeria: MTN Nigeria Expands Data and Fintech Services Despite Currency Losses and Economic Challenges
MTN Nigeria’s Q3 2024 report reveals robust growth in data and fintech services, despite recording a substantial ₦514.9 billion after-tax loss, largely attributed ...
Nigeria
Nigeria: NAICOM Dissolves Board and Management of African Alliance Insurance
The National Insurance Commission (NAICOM) has dissolved the board and management of African Alliance Insurance Plc, a longstanding Nigerian life assurance company, due ...
Nigeria
Nigeria: SEC Updates Capital Market Studies Curriculum for Nigerian Universities
Nigeria’s Securities and Exchange Commission (SEC) has initiated a comprehensive update of the capital market studies curriculum in Nigerian universities, establishing a committee ...
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Nigeria: CBN Injects $30m to Support Naira in Forex Market
In a continued effort to stabilize the naira, the Central Bank of Nigeria (CBN) has sold $30 million in foreign exchange to authorized ...
Nigeria
NSITF Aims to Bolster Security in Agency Banking and Fintech through Employee Compensation Scheme
To strengthen the security and welfare of workers in Nigeria’s informal sector, the Nigeria Social Insurance Trust Fund (NSITF) has initiated steps to ...
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Nigeria: MTN Nigeria’s MoMo PSB Boosts Financial Inclusion with New Cross-Border Remittance and Gift Card Services
MTN Nigeria’s fintech subsidiary, MoMo Payment Service Bank (MoMo PSB), has launched cross-border remittance services, enabling customers in Nigeria to send money easily ...
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Nigeria: Money Market Rates Decline Amid Stabilized Liquidity Conditions
With liquidity stabilizing in Nigeria’s financial system, money market rates saw further declines as banks’ borrowing from the Central Bank of Nigeria’s (CBN) ...