Nigeria
Nigeria: NGX Supports FCMB’s N111 Billion Capital Raise
The Nigerian Exchange Limited (NGX) has endorsed FCMB Group Plc’s plan to raise approximately N110.9 billion through a public offering. FCMB Group’s public ...
Nigeria
Nigeria: SEC to Unveil Strategic Plans for Nigerian Capital Market
The Securities and Exchange Commission (SEC) is poised to present its strategic vision for the Nigerian capital market at the upcoming Second Capital ...
Nigeria
Nigeria: CBN Issues Updated Forex Guidelines for CCI Transactions
The Central Bank of Nigeria (CBN) has released new guidelines clarifying the application of the Foreign Exchange Manual concerning transactions involving Certificates of ...
Nigeria
Nigeria: CBN Ends 12-Month Forex Policy with $876M Auction
The Central Bank of Nigeria (CBN) has conducted a significant forex auction, dispensing $876.26 million to end users through bids submitted by 26 ...
Nigeria
Nigeria: PenCom Welcomes New Acting Director-General
Omolola Oloworaran has officially assumed the role of Acting Director-General of the National Pension Commission (PenCom). Her appointment is in line with Section ...
News
Nigeria: Private Sector Compliance with Pension Scheme Soars in First Half of 2024
In the first half of 2024, compliance with Nigeria’s Contributory Pension Scheme (CPS) surged as the National Pension Commission (PenCom) issued Pension Clearance ...
Nigeria
Nigeria: Unity Bank Seeks ₦700 Billion CBN Support for Providus Merger
In a bid to stabilize Nigeria’s financial system, the Central Bank of Nigeria (CBN) has extended a significant financial facility to support the ...
Nigeria
Nigeria: National AI Strategy Draft: Concerns Over Privacy and Data Protection
On August 3, 2024, Dr. Bosun Tijani, Nigeria’s Minister of Communication, Innovation, and Digital Economy, released a draft of the ‘National Artificial Intelligence ...
News
Nigeria: NIN Project Gains N8.6bn from Forex Devaluation in 2023 – World Bank
The devaluation of Nigeria’s naira resulted in a foreign exchange gain of N8.6 billion for the National Identification for Development (ID4D) project in ...
Nigeria
Nigeria: CBN Approves Unity-Providus Merger; SEC Review Pending
The Central Bank of Nigeria (CBN) has approved the merger between Providus Bank and Unity Bank, marking a significant step in the consolidation ...