Nigeria
Nigeria: CBN Directs Banks to Transfer Dormant Accounts and Unclaimed Balances to Its Custody
The Central Bank of Nigeria (CBN) unveiled revised guidelines on Friday for managing dormant accounts, unclaimed balances, and other financial assets within banks ...
Nigeria
Nigerian Regulator Fines Meta $220 Million for Privacy Law Violations
The Federal Competition and Consumer Protection Commission (FCCPC) of Nigeria has levied a $220 million fine against Meta, alleging that the privacy policy ...
Nigeria
Nigeria: FG Unveils Blueprint for Africa’s Digital Trade Transformation
On Friday, the Federal Government of Nigeria unveiled a comprehensive strategy to lead Africa’s digital trade transformation, aligning with the framework of the ...
Nigeria
Nigeria: FG Plans to Regulate eCommerce Platforms in Nigeria to Enhance Security
The Federal Government of Nigeria is set to implement new regulations to enhance security across eCommerce platforms. According to the proposed bill, individuals ...
News
Nigeria: CBN Aims for $1 Trillion Recapitalisation by 2030
The Central Bank of Nigeria (CBN) has announced a strategic plan for recapitalisation in the banking sector, targeting at least $1 trillion by ...
Nigeria
Nigeria: CBN Approves Additional FX Sale to BDCs at N1,450/$ To Curb Market Distortions
The Central Bank of Nigeria (CBN), on Thursday, approved the sale of Foreign Exchange (FX) to eligible Bureau De Change (BDCs) operators to ...
News
Nigeria: NIGCOMSAT Partners with BON to Enhance Broadcast Services with Satellite Uplink
NIGCOMSAT Limited, Nigeria’s leading satellite communication infrastructure provider, has entered a strategic partnership with the Broadcasting Organisation of Nigeria (BON) to offer uplink ...
Nigeria
Nigeria: CBN Projects Dip in External Reserves for 2024
The Central Bank of Nigeria (CBN) has projected a slight reduction in external reserves for 2024, primarily due to debt service and other ...
Nigeria
Nigeria: NCC and FintechNGR Strengthen Commitment to Enhance Nigeria’s Fintech Sector
Following recent engagements with the Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN), the Governing Council of FintechNGR, led ...
Nigeria
Nigeria: CRMI Commends SEC’s Directive for Capital Market Operators to Implement ERM
The Chartered Risk Management Institute of Nigeria (CRMI) has praised the Securities and Exchange Commission’s (SEC) directive for capital market operators to implement ...