Nigeria
Nigeria: Tinubu Proposes Amendment to Finance Act to Tax Banks’ ₦2 Trillion FX Gains
President Bola Tinubu of Nigeria has requested the National Assembly to amend the 2024 Finance Act to impose a tax on the foreign ...
Nigeria
Nigerian Government to Impose Windfall Tax on Banks
The Nigerian government is set to introduce a windfall tax on banks’ foreign currency revaluation gains, aiming to use the proceeds to support ...
Nigeria
Nigeria: OKX to Cease Operations in Nigeria from August 16, 2024
OKX, a prominent cryptocurrency exchange, has announced that it will discontinue its services in Nigeria starting August 16, 2024. The exchange has urged ...
News
Nigeria: PalmPay Maintains Zero-Fee Transfers to Boost Financial Inclusion
Financial technology firm PalmPay has announced the continuation of its zero-fee transfer policy, reinforcing its commitment to driving financial inclusion across Nigeria. Introduced ...
News
Nigeria: Average FX Turnover Soars by 180% in One Year – CBN
The Central Bank of Nigeria (CBN) has reported a significant increase in the average foreign exchange (FX) turnover, which grew by 180.47 percent ...
News
Nigeria: Wema Bank Launches AlatPay to Digitize SME Operations and Lead Cardless Payment Revolution
Wema Bank, a leading Nigerian financial institution, has unveiled AlatPay, an instant digital payment solution designed to help small and medium-sized enterprises (SMEs) ...
Nigeria
Nigeria: National Digital Economy Bill: Guidelines for E-commerce and Cyber Insurance
The federal government of Nigeria is set to introduce new regulations to guide the operations of e-commerce platforms and the provision of cyber ...
News
Global: Vertiv Introduces Next-Generation UPS to Meet Global AI Power Demands
Vertiv has unveiled the Vertiv™ Trinergy™ UPS, now available as part of the new Vertiv™ PowerNexus solution, which is closely coupled with Vertiv™ ...
Nigeria
Cameroon Receives $4.8M Grant from South Korea for Civil Registration Modernization
Cameroon’s Minister of the Economy, Planning and Regional Development, Alamine Ousmane Mey, recently signed a significant agreement with the government of South Korea, ...
News
Nigeria: NCAA to Launch Consumer Protection Portal in August
In an effort to enhance transparency and accountability within the aviation sector, the Nigerian Civil Aviation Authority (NCAA) has announced plans to launch ...