News
Nigeria: Right of Way Crisis Stalls Telcos’ Fibre Rollout in Nigeria
Nigeria’s ambition to become a dominant digital economy faces a significant hurdle: the struggle of telecommunications companies to expand fibre optic infrastructure, essential ...
News
Nigeria: Sterling Bank Partners with NIBSS and AfriGO on Independence Reward Programme
Sterling Bank has partnered with AfriGO and the Nigeria Inter-Bank Settlement System (NIBSS) to launch the “Independence Reward Programme,” aimed at promoting digital ...
Nigeria
Nigeria: CBN Urges Customers to Report Illegal Fees
Many bank customers across Nigeria have raised concerns over arbitrary debits and excessive charges from their banks, describing them as exorbitant and unwarranted. ...
Nigeria
Nigeria: CBN Orders Banks to Submit FX Compliance Report by Year-End
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) and all other participants in the foreign exchange market to submit ...
News
Nigeria: CBN Spends $543 Million to Stabilize Naira Amid Market Volatility
The Central Bank of Nigeria (CBN) disclosed that it sold $543.5 million to authorized dealer local deposit money banks (DMBs) between September 6 ...
News
Nigeria: Insurance Industry Urged to Embrace Artificial Intelligence for Enhanced Efficiency
The President of the Chartered Insurance Institute of Nigeria (CIIN), Yetunde Ilori, has called on stakeholders in the insurance sector to adopt artificial ...
Nigeria
Nigeria’s CBN Governor Advocates for Bretton Woods Reform to Address African Economic Needs
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called for significant reforms within the World Bank and International Monetary ...
Nigeria
Nigeria: FG to Launch 18-Month Fundraising for $2bn Nationwide Fibre-Optic Project
The Federal Government has announced that it will embark on an 18-month fundraising campaign to secure $2 billion for a large-scale fibre optic ...
Nigeria
Nigeria: Federal Government Introduces New Tax Regulations to Boost Manufacturing Sector
The Federal Government has rolled out new tax regulations aimed at alleviating the tax burden on Nigeria’s manufacturing sector and small businesses. This ...
News
Nigeria: Recapitalisation Set to Boost Nigeria’s Private Sector Credit Beyond 13% – FCMB MD
Managing Director of First City Monument Bank (FCMB), Yemisi Edun, has highlighted that the ongoing recapitalisation of Nigerian banks is poised to significantly ...
