Nigeria
Nigeria: Foreign Investors Shun CBN OMO Auction for Second Time
The Central Bank of Nigeria’s (CBN) recent open market operations (OMO) auction saw a repeat of the previous trend, with no sales recorded ...
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Nigeria: UBA Leads as Nigeria’s Most Visited Banking Website in June 2024
In June 2024, United Bank for Africa (UBA), a prominent pan-African financial services group, emerged as Nigeria’s most visited banking website, recording 2.36 ...
Nigeria
Nigeria: FBN Holdings Achieves Record-Breaking Performance in H2 2024
FBN Holdings Plc, the parent company of Nigeria’s longest-established bank, First Bank, has announced outstanding financial results for the second quarter of 2024. ...
Nigeria
Nigeria: NCC Reportedly Approves Telecom Tariff Increase Amid Industry Debate
The Nigerian Communications Commission (NCC) is said to have approved a tariff increase for the telecom sector, according to various media sources. However, ...
Nigeria
Nigeria: WhatsApp May Withdraw from Nigeria Over FCCPC’s $220M Fine and Demands
WhatsApp has expressed concerns about potentially withdrawing from Nigeria due to recent demands and a substantial $220 million (over ₦300 billion) fine imposed ...
Nigeria
Nigeria: Over 30 Million GSM Lines Risk Disconnection Due to NIN Linkage Issues — Telcos
Gbenga Adebayo, Chairman of the Association of Licensed Telecom Operators of Nigeria (ALTON), has revealed that over 30 million phone lines remain inadequately ...
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Nigeria: Jumia Appoints Former PalmPay Executive Anthony Mbagwu to Lead Fintech Arm JumiaPay
E-commerce leader Jumia has announced the appointment of Anthony Mbagwu, a former executive at PalmPay, as the new managing director of its fintech ...
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Nigeria: Zenith Bank Shares Drop as Investors React to Capital Raising Plans
Zenith Bank Plc’s market value has experienced a notable decline, falling by over 2% on the Nigerian Exchange (NGX), following the announcement of ...
Nigeria
Nigeria: Bankers’ Representatives Meet President Tinubu for Clarification on Windfall Levy
On Monday, key figures from Nigeria’s banking sector met with President Bola Tinubu at the State House in Abuja to seek clarification on ...
Nigeria
Nigeria: NGX Assures Continued Trading Amid Planned Nationwide Protest
Jude Chiemeka, Chief Executive Officer (CEO) of the Nigerian Exchange Limited (NGX), has addressed concerns regarding potential trading disruptions due to the planned ...