News
Nigeria: Interbank Rates Decline as FAAC Inflows Boost System Liquidity
Interbank rates in Nigeria’s money market have dropped following liquidity injections from the Federal Account Allocation Committee (FAAC), which eased pressures on the ...
Nigeria
Nigeria: FG’s October 2024 Bond Auction Oversubscribed by N109bn
The Federal Government’s October 2024 bond auction has been significantly oversubscribed by N109 billion, reflecting strong investor confidence despite economic challenges. According to ...
News
Nigerian Government Partners with Ericsson to Accelerate 5G Connectivity
As Africa’s most populous nation, Nigeria represents over 15% of the continent’s population, making its collaboration with Ericsson pivotal in advancing digital transformation ...
Nigeria
Nigeria: Government and Private Sector Borrowing Surges Despite CBN’s Tightening Policy
Despite the Central Bank of Nigeria’s (CBN) tight monetary policy, Nigerian banks and discount houses borrowed a staggering ₦29.017 trillion through the Standing ...
Nigeria
Nigeria: SEC Urges Stakeholders to Align Regulatory Framework with Evolving FATF Standards
The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has called on stakeholders in the capital market to adapt ...
Nigeria
Nigeria’s Central Bank Reaffirms Vigilance in Monitoring Banks and Protecting Depositors’ Funds
The Central Bank of Nigeria (CBN) has reiterated its commitment to safeguarding the country’s financial stability, emphasizing its proactive measures to monitor the ...
News
Nigeria: Money Market Rates Decline as Financial System Liquidity Improves
Money market rates dipped on Monday as liquidity levels in Nigeria’s financial system improved ahead of bond auction debits. Despite the absence of ...
Nigeria
Nigeria: Blockchain as a Catalyst for Economic Growth, Says Nigerian Expert
Adeshina Ajayi, a Nigerian blockchain expert, has underscored the transformative potential of blockchain technology in driving economic growth. Ajayi, who is leading initiatives ...
Nigeria
Nigeria: SEC to Equip CEOs, Compliance Officers on FATF Regulations
The Securities and Exchange Commission (SEC) is set to host a compliance summit aimed at empowering Chief Executive Officers (CEOs) and Compliance Officers ...
Nigeria
Nigeria: NATCOMS Proposes 10% Tariff Increase for Telecoms Amid Rising Costs
The National Association of Telecommunications Subscribers (NATCOMS) has urged the Nigerian Communications Commission (NCC) to approve a 10% tariff increase for telecommunications companies ...