News
Nigeria: PalmPay Expands Access to Financial Services with New USSD Code
PalmPay, a leading financial technology platform, has launched a new USSD code to improve access to financial services for users across Nigeria. In ...
News
Nigeria: Guaranty Trust Fund Managers Launches New Investment Platform for Nigerians
Guaranty Trust Fund Managers Limited, the asset management arm of Guaranty Trust Holding Company Plc, has introduced a new investment platform called the ...
Nigeria
Nigeria: PenCom Outlines PFA Roles in Fund Investments and Retirement Benefit Payments
The National Pension Commission (PenCom) has attributed the successes of the Contributory Pension Scheme (CPS) to its robust structural framework. A significant aspect ...
Nigeria
Nigeria: NAICOM Warns of Inflation’s Impact on Insurers and Policyholders
The National Insurance Commission (NAICOM) has highlighted inflation as a significant challenge facing the insurance sector, with rising costs adversely affecting both insurers ...
Nigeria
Nigeria: NITDA Warns WordPress Users of New Security Vulnerability
The National Information Technology Development Agency (NITDA) has issued a critical alert regarding a newly discovered security vulnerability, CVE-2024-28000, which affects over five ...
Nigeria
Nigeria: NDIC Strengthens Collaboration with Judiciary for Depositors’ Fund Recovery
The Nigerian Deposit Insurance Corporation (NDIC) has announced an enhanced partnership with the judiciary to expedite the prosecution of failed financial institutions. This ...
News
Nigeria: CBN’s Interest Rate Hikes: A Cumulative 850 Basis Points in Seven Months
Under the leadership of Olayemi Cardoso, the Central Bank of Nigeria (CBN) has enacted a series of interest rate increases, known as Monetary ...
News
Nigeria: Blockchain Firm Backs Plateau State’s Digital Transformation Efforts
The Algorand Foundation, a leading blockchain firm, has pledged its support to Plateau State’s digitalization agenda under Governor Caleb Mutfwang. The partnership is ...
Nigeria
Nigeria: Banks Blame CBN for Cash Shortages, Risking Sanctions as Cash Scarcity Worsens
Nigerian commercial banks are currently in a standoff with the Central Bank of Nigeria (CBN) over the ongoing cash scarcity, as each party ...
Nigeria
Nigeria: SEC Pledges Action Against Illegal Fund Managers
The Securities and Exchange Commission (SEC) has issued a stern warning to entities involved in illegal fund management, urging them to cease such ...