News
Nigeria: Starlink Pauses Price Increase in Nigeria Amid Regulatory Scrutiny
Starlink has announced a temporary suspension of its recent price hike in Nigeria as it addresses ongoing regulatory issues. “Last month, we increased ...
Nigeria
Nigeria: Rebasing Nigeria’s Economy to Enhance Data Accuracy – NBS
The National Bureau of Statistics (NBS) has announced that its planned rebasing of Nigeria’s Gross Domestic Product (GDP) will provide a more accurate ...
News
Nigeria: FirstBank to Launch Cloud-Based Platform, Service Disruptions Expected from October 26 to November 3
FirstBank, a prominent Nigerian financial institution, has announced it will transition to a new cloud-based procurement and financial platform to boost operational efficiency ...
Nigeria
Nigeria’s External Reserves Reach $40.2 Billion, Says CBN
Nigeria’s external reserves have risen to $40.2 billion as of October 18, 2024, according to the Central Bank of Nigeria (CBN). CBN’s Deputy ...
Nigeria
Nigeria: CBN Engages Nigerian Diaspora to Enhance Remittance Inflows
The Central Bank of Nigeria (CBN) has initiated targeted engagements with the Nigerian diaspora to enhance remittance flows into the country, aiming to ...
Nigeria
Nigeria: House of Representatives Urges CBN to Withdraw Old Naira Notes
The House of Representatives has called on the Central Bank of Nigeria (CBN) to begin a gradual phase-out of old naira notes and ...
News
Nigeria: First Bank Sets Migration Date Amid System Upgrades Across Nigerian Banking Sector
Amid a wave of system disruptions affecting several major Nigerian banks, First Bank has scheduled its own transition to a new cloud-based procurement ...
Nigeria
Nigeria: Why Lowering Nigeria’s Interest Rate Now Would Be Premature – MPC Members
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, and other Monetary Policy Committee (MPC) members have indicated that reducing the ...
Nigeria
Nigeria: PenCom Halts PFAs’ Investments in Commercial Papers Amid Regulatory Concerns
The National Pension Commission (PenCom) has instructed Licensed Pension Fund Administrators (LPFAs) and Custodian Fund managers to suspend any further investments in commercial ...
Nigeria
Nigeria: CBN Confirms No Deadline on Old Naira Notes Circulation
The Central Bank of Nigeria (CBN) has clarified that there is no set deadline for the use of old N200, N500, and N1,000 ...
