News
Nigeria: ATM Transactions Decline 13% to N28.2 Trillion
The value of Automated Teller Machine (ATM) transactions in Nigeria fell by 13.6 percent year-on-year (YoY) to N28.2 trillion in 2023, down from ...
Nigeria
Nigeria: Meta to Appeal $220M Fine Imposed by Nigerian Regulators Over Data Privacy Violations
Meta has announced its intention to appeal a $220 million fine imposed by the Federal Competition and Consumer Protection Commission (FCCPC) for alleged ...
Nigeria
Nigeria: Telecom Subscribers Urge NCC to Address Declining Service Quality Amid Tariff Hike Calls
Under the banners of the Association of Telephone, Cable TV, and Internet Subscribers of Nigeria (ATCIS-Nigeria) and the National Association of Telecoms Subscribers ...
News
Nigeria: Low Adoption of eNaira- Less Than 1% of Nigeria’s Circulating Currency as of March 2024
As of March 2024, Nigeria’s digital currency, the eNaira, accounted for less than 1% of the total currency in circulation. Despite its potential ...
Nigeria
Nigeria: SEC DG Calls for Enhanced Collaboration on ESG Initiatives
Dr. Emomotimi Agama, Director General of the Securities and Exchange Commission (SEC), has called for increased collaboration among sector regulators, businesses, and stakeholders ...
Nigeria
Nigeria: United Capital Leads as Top Gainer on NGX for the Week
United Capital Plc emerged as the top gainer on the Nigerian Exchange (NGX) for the week ending July 19, 2024, with its share ...
Nigeria
Nigeria: MPC Faces Costly Policy Trade-offs Amid FX Crisis and Minimum Wage Implementation
As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) convenes today for a two-day policy decision meeting, it faces ...
News
Nigeria Invites Youth to Participate in ECOWAS Cybersecurity Hackathon
The Federal Government of Nigeria is calling on all Nigerian youths and IT enthusiasts to register for the upcoming ECOWAS Cybersecurity Hackathon. This ...
News
Nigeria: Airlines Cite Forex Volatility and Inflation as Causes of Rising Airfares
Local airlines have attributed the surging airfares in Nigeria to the volatility of foreign exchange rates and the country’s soaring inflation. Osita Okonkwo, ...
Nigeria
Nigeria: Bank Stocks Fall on NGX Following Senate’s Move to Amend Finance Act 2023 Retroactively
Banking stocks on the Nigerian Exchange Limited (NGX) experienced declines on Friday following the Senate’s decision to retroactively amend the Finance Act 2023, ...