News
Nigeria: FBN Holdings Appoints Wale Oyedeji as Group Managing Director
FBN Holdings Plc, one of Nigeria’s foremost financial institutions, has named Adebowale Wale Oyedeji as its new Group Managing Director (GMD), effective from ...
Nigeria
Nigeria: Federal Government Proposes 5% Tax on Telecom Services and Other Sectors
The Federal Government of Nigeria has put forward a proposal to introduce a 5% excise duty on telecommunications services, gaming, and betting activities ...
News
Nigerian Businesses Face 2,560 Weekly Cyberattacks, Reports CSCS
The Federal Government has emphasized the need for robust cybersecurity infrastructure to support Nigeria’s growing digital economy, following a disclosure by the Central ...
Nigeria
Nigeria: Capital Expenditure Drops by 25% Despite Concurrent Budgets – CBN
Nigeria’s capital expenditure (CAPEX) for the first half of 2024 dropped by 25.3% to N1.99 trillion, down from N2.68 trillion in the corresponding ...
Nigeria
Nigeria: Investor Confidence Relies on Capital Market Integrity – SEC DG
Dr. Emomotimi Agama, Director General of the Securities and Exchange Commission (SEC), has reaffirmed the commission’s commitment to ensuring a secure and resilient ...
News
Nigeria: Intelsat Launches CellBackhaul in Nigeria to Strengthen Africa’s Connectivity Infrastructure
Intelsat has unveiled its CellBackhaul solution in Nigeria as part of a larger initiative to enhance connectivity across Africa. This new solution will ...
Nigeria
Nigeria: Building a Resilient Central Bank — Cardoso
Amid multiple economic crises, the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reaffirmed his commitment to strengthening the ...
News
Nigeria’s High Interest Rates Likely to Persist, Says World Bank
The World Bank has projected that Nigeria, alongside Angola and Sierra Leone, will continue to experience high interest rates for an extended period ...
Nigeria
Nigeria: CBN Governor Cardoso Tackles FX Backlog and Emphasizes Inflation Control
The Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso, has affirmed that the central bank is making significant progress in ...
Nigeria
Nigeria: FCT-IRS Partners with NFIU to Strengthen Tax Compliance and Revenue Generation
The Federal Capital Territory Internal Revenue Service (FCT-IRS) has initiated a strategic partnership with the Nigerian Financial Intelligence Unit (NFIU) to boost tax ...