Nigeria
Nigeria: Bank-Fintech Collaboration Crucial for Nigeria’s $1 Trillion GDP Goal by 2026, Say NDIC and Stakeholders
Collaboration between banks and fintech companies is essential for Nigeria to achieve its ambitious goal of a $1 trillion Gross Domestic Product (GDP) ...
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Nigeria: Interbank Rates Show Mixed Trends Amid Liquidity Strain in Financial Market
Interbank rates in Nigeria displayed mixed movements as the financial system faced significant liquidity pressure, following monetary policy actions by the Central Bank ...
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Nigeria: CBN Partners with Microfinance Banks to Boost Financial Inclusion and MSME Growth
The Central Bank of Nigeria (CBN) has announced a strategic partnership with Microfinance Banks (MFBs) to enhance financial inclusion and support the growth ...
Nigeria
Nigeria: CBN Extends Suspension of Cash Deposit Processing Fees to March 2025
The Central Bank of Nigeria (CBN) has extended its suspension of cash deposit processing fees until March 31, 2025. This extension moves the ...
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Nigeria: Manufacturers Warn CBN: Interest Rate Hike Will Aggravate Nigeria’s Economic Challenges
The Manufacturers Association of Nigeria (MAN) has raised serious concerns about the Central Bank of Nigeria’s (CBN) decision to increase the Monetary Policy ...
Nigeria
Nigeria’s Central Bank Introduces 0.005% Cybercrime Levy on Electronic Transactions, Reinforces Cybersecurity Standards
The Central Bank of Nigeria (CBN) has confirmed the implementation of a 0.005% cybercrime levy on all electronic transactions for the 2024-2025 fiscal ...
Nigeria
Nigeria: Presidential Tax Reform Committee Selects FCT as Model for Tax Harmonisation
The Presidential Fiscal Policy and Tax Reform Committee has announced that the Federal Capital Territory (FCT) will serve as a model for implementing ...
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Nigeria: NDIC Explains Delays in Refunds to Some Heritage Bank Depositors
The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, revealed that certain insured depositors of the now-defunct Heritage Bank ...
Nigeria
Nigeria: CBN to Penalize Banks for ATM Cash Dispensing Failures, Plans N1.4 Trillion Cash Injection
The Central Bank of Nigeria (CBN) has announced its intention to sanction banks that fail to dispense cash through their Automated Teller Machines ...
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Nigeria: Accion Microfinance Bank and CrediCorp Collaborate to Launch Nationwide Consumer Credit Program for Middle-Income Nigerians
Accion Microfinance Bank (MfB) has joined forces with CrediCorp to introduce a consumer credit program designed to provide affordable loans to over 15,000 ...
