Nigeria
Nigeria: FRC Warns Against Misuse of Borrowing Proceeds
The Fiscal Responsibility Commission (FRC) has issued a strong warning against the misapplication of funds obtained through borrowing, stressing the need for greater ...
News
Nigeria: Leveraging Windfall Tax to Accelerate Nigeria’s Economic Diversification
Industry experts have highlighted the potential of Nigeria’s newly introduced windfall tax to diversify the economy, which has long been heavily dependent on ...
Nigeria
Nigeria Achieves 30% Progress on FATF Action Plan
Nigeria has made significant strides in meeting the Financial Action Task Force’s (FATF) requirements, having successfully completed 30% of its Action Plan. This ...
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Nigeria: Digital Exchanges to Attract Youths to Capital Market, Says SEC
The Securities and Exchange Commission (SEC) has announced that its recent approval-in-principle granted to two cryptocurrency exchanges aims to attract more youths to ...
Nigeria
Nigeria: Why SEC Granted Approvals to Crypto Exchanges
The Securities and Exchange Commission (SEC) has clarified that its recent approval-in-principle granted to two crypto exchanges aligns with the commission’s commitment to ...
Nigeria
Nigeria: NCC Grants Airtel Nigeria Licenses to Enhance Connectivity
The Nigerian Communications Commission (NCC) has granted Airtel Nigeria Telesonic Limited, a subsidiary of Airtel Africa, three key telecommunications licenses aimed at boosting ...
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Nigeria: Banks’ Borrowing from CBN Drops 76% to N4 Trillion
Banks’ reliance on the Central Bank of Nigeria’s (CBN) Standing Lending Facility (SLF) witnessed a significant decline, dropping by 76.4 percent month-on-month (MoM) ...
Nigeria
Nigeria: FRC Chief Seeks Legislative Support for Actuarial Practice Bill
The Executive Secretary and Chief Executive Officer of the Financial Reporting Council (FRC), Dr. Rabiu Olowo, has called on the House of Representatives ...
Nigeria
Nigeria: SEC Launches Electronic Filing System to Accelerate Listing Processes
The Securities and Exchange Commission (SEC) has unveiled several initiatives designed to expedite the time it takes for companies to go to market, ...
News
Nigeria’s External Debt Servicing Rises to $2.78 Billion in First Seven Months of 2024
Nigeria’s external debt servicing costs have surged significantly, reaching $2.78 billion in the first seven months of 2024, marking a 53.63% increase compared ...