Nigeria
Nigeria: CBN Engages Nigerian Diaspora to Enhance Remittance Inflows
The Central Bank of Nigeria (CBN) has initiated targeted engagements with the Nigerian diaspora to enhance remittance flows into the country, aiming to ...
Nigeria
Nigeria: House of Representatives Urges CBN to Withdraw Old Naira Notes
The House of Representatives has called on the Central Bank of Nigeria (CBN) to begin a gradual phase-out of old naira notes and ...
News
Nigeria: First Bank Sets Migration Date Amid System Upgrades Across Nigerian Banking Sector
Amid a wave of system disruptions affecting several major Nigerian banks, First Bank has scheduled its own transition to a new cloud-based procurement ...
Nigeria
Nigeria: Why Lowering Nigeria’s Interest Rate Now Would Be Premature – MPC Members
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, and other Monetary Policy Committee (MPC) members have indicated that reducing the ...
Nigeria
Nigeria: PenCom Halts PFAs’ Investments in Commercial Papers Amid Regulatory Concerns
The National Pension Commission (PenCom) has instructed Licensed Pension Fund Administrators (LPFAs) and Custodian Fund managers to suspend any further investments in commercial ...
Nigeria
Nigeria: CBN Confirms No Deadline on Old Naira Notes Circulation
The Central Bank of Nigeria (CBN) has clarified that there is no set deadline for the use of old N200, N500, and N1,000 ...
Nigeria
Nigeria: Federal Government Drops Money Laundering Charges Against Binance Executive Tigran Gambaryan
In a significant development, the Federal Government of Nigeria has withdrawn the money laundering charges against Tigran Gambaryan, a senior executive at Binance ...
Nigeria
Nigeria: PenCom Provides Update on Private Sector Compliance in Q2 2024
The National Pension Commission (PenCom) has released its report on private sector compliance with the Contributory Pension Scheme (CPS) for the second quarter ...
News
Nigeria: IMF Urges Nigeria to Prioritize Expanding Tax Revenue
The International Monetary Fund (IMF) has called on the Nigerian government to implement a more effective tax collection system to expand its revenue ...
News
Nigeria: New Non-Resident BVN Platform to Ease Banking for Nigerians Abroad
The Nigerian Inter-Bank Settlement System (NIBSS) is set to launch a new platform for non-resident Nigerians in December 2024, making it easier for ...