Nigeria
Nigeria: Federal Government Drops Money Laundering Charges Against Binance Executive Tigran Gambaryan
In a significant development, the Federal Government of Nigeria has withdrawn the money laundering charges against Tigran Gambaryan, a senior executive at Binance ...
Nigeria
Nigeria: PenCom Provides Update on Private Sector Compliance in Q2 2024
The National Pension Commission (PenCom) has released its report on private sector compliance with the Contributory Pension Scheme (CPS) for the second quarter ...
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Nigeria: IMF Urges Nigeria to Prioritize Expanding Tax Revenue
The International Monetary Fund (IMF) has called on the Nigerian government to implement a more effective tax collection system to expand its revenue ...
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Nigeria: New Non-Resident BVN Platform to Ease Banking for Nigerians Abroad
The Nigerian Inter-Bank Settlement System (NIBSS) is set to launch a new platform for non-resident Nigerians in December 2024, making it easier for ...
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Nigeria: Interbank Rates Decline as FAAC Inflows Boost System Liquidity
Interbank rates in Nigeria’s money market have dropped following liquidity injections from the Federal Account Allocation Committee (FAAC), which eased pressures on the ...
Nigeria
Nigeria: FG’s October 2024 Bond Auction Oversubscribed by N109bn
The Federal Government’s October 2024 bond auction has been significantly oversubscribed by N109 billion, reflecting strong investor confidence despite economic challenges. According to ...
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Nigerian Government Partners with Ericsson to Accelerate 5G Connectivity
As Africa’s most populous nation, Nigeria represents over 15% of the continent’s population, making its collaboration with Ericsson pivotal in advancing digital transformation ...
Nigeria
Nigeria: Government and Private Sector Borrowing Surges Despite CBN’s Tightening Policy
Despite the Central Bank of Nigeria’s (CBN) tight monetary policy, Nigerian banks and discount houses borrowed a staggering ₦29.017 trillion through the Standing ...
Nigeria
Nigeria: SEC Urges Stakeholders to Align Regulatory Framework with Evolving FATF Standards
The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has called on stakeholders in the capital market to adapt ...
Nigeria
Nigeria’s Central Bank Reaffirms Vigilance in Monitoring Banks and Protecting Depositors’ Funds
The Central Bank of Nigeria (CBN) has reiterated its commitment to safeguarding the country’s financial stability, emphasizing its proactive measures to monitor the ...
