News
Nigeria: FBN Holdings Surpasses N1 Trillion Market Cap Following Merchant Bank Divestment Announcement
FBN Holdings Plc, a leading financial services conglomerate, has crossed the N1 trillion market capitalization milestone on the Nigerian Exchange (NGX) following its ...
Nigeria
Nigeria: CBN Issues One-Month Deadline for PoS Operators to Integrate with Licensed Aggregators
The Central Bank of Nigeria (CBN) has mandated that all Point of Sale (PoS) operators route their transactions through licensed Payment Terminal Service ...
Nigeria
Nigeria: Reps Direct GTBank to Remit VAT on Remita Transactions to FG
The House of Representatives Public Accounts Committee has directed Guaranty Trust Bank (GTBank) to calculate and remit the Value Added Tax (VAT) on ...
News
Nigeria: Kuda Business Launches Virtual and Physical POS Solutions to Enhance Payments for Nigerian SMEs
Kuda, through its Kuda Business platform, has introduced new virtual and physical point-of-sale (POS) solutions aimed at simplifying payment processes for freelancers, small ...
Nigeria
Nigeria: FG Poised to Focus More on Indirect Taxes in Upcoming Tax Regime
The Federal Government may shift its focus towards indirect taxes under the proposed tax regime outlined in the Taiwo Oyedele-led Presidential Fiscal Policy ...
Nigeria
Nigeria: POS Operators Decry Electronic Levy, Consider Charge Increases
Point of Sale (POS) operators have voiced concerns over the implementation of the Electronic Money Transfer Levy (EMTL), stating that the levy has ...
News
Nigeria: Sterling Bank Migrates to Africa’s First Indigenous Core Banking System
Sterling Bank Limited, one of Nigeria’s leading commercial banks, has achieved a significant milestone by transitioning to SeaBaaS, Africa’s first-ever indigenous core banking ...
Nigeria
Nigeria: CBN and NDIC to Discuss Bank Recapitalisation at 2024 FICAN Summit
The Central Bank of Nigeria (CBN), the Nigeria Deposit Insurance Corporation (NDIC), and key financial institutions, including the Bank of Industry, United Bank ...
Nigeria
Nigeria: NCC Unveils Device Management System to Safeguard Mobile Phone Users
The Nigerian Communications Commission (NCC) has introduced a Device Management System (DMS) to enhance security and protect consumers in Nigeria’s mobile device market. ...
Nigeria
Nigeria: FCMB Applauds Regulators and NGX Group for Successful Capital Raise
FCMB Group Plc has expressed its gratitude to key financial regulators and the Nigerian Exchange Group (NGX) following the successful completion of the ...