News
Nigeria: Stakeholders Praise NAICOM’s Efforts in Managing Ailing Insurance Companies
Several stakeholders in the insurance sector have commended the National Insurance Commission (NAICOM) for its proactive management of struggling firms within the industry. ...
News
Nigeria: FCMB Pension MD Christopher Bajowa Elected as New PenOp President
Christopher Bajowa, the Managing Director and Chief Executive Officer of FCMB Pension Limited, has been elected as the new President of the Pension ...
Nigeria
Nigeria: CBN and SEC Approve Ecobank’s Custody Business Launch in Nigeria
Ecobank Nigeria Limited has secured approvals from both the Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN) to launch ...
Nigeria
Nigeria to Introduce New Tax Laws and Crypto Licensing to Regulate $400M Cryptocurrency Market
Dr. Zacch Adedeji, Chairman of Nigeria’s Federal Inland Revenue Service (FIRS), has announced plans to introduce a bill aimed at establishing new tax ...
Nigeria
Nigeria Records Unprecedented Remittance Inflows: CBN Reports $553 Million in July 2024
The Central Bank of Nigeria (CBN) has announced a historic surge in remittance inflows, reporting a record-breaking $553 million in July 2024. This ...
Nigeria
Nigeria: Stripe Introduces Naira Payment Option for U.S. Merchants in Nigeria
Stripe, the global financial infrastructure provider, has unveiled a new feature that enables its U.S.-based merchants to accept payments in Nigeria’s local currency, ...
Nigeria
Nigeria: Stakeholders Advocate for Compliance-Driven Crypto Regulation in Nigeria
While acknowledging the government’s concerns, industry experts agree that a balanced regulatory approach could yield more effective results for Nigeria’s cryptocurrency sector. Local ...
Nigeria
Nigeria: NGX RegCo Endorses FRC on New Sustainability Reporting Standards
Olufemi Shobanjo, Chief Executive Officer of NGX Regulation Limited (NGX RegCo), has praised the Financial Reporting Council of Nigeria (FRC) for its leadership ...
News
Nigeria: Anticipated US Rate Cut Sparks Interest in Nigerian Bonds
Analysts have noted that growing anticipation of a potential interest rate cut by the United States Federal Reserve in September is fueling interest ...
News
Nigeria: Naira Declines Amid FX Outflows and Falling External Reserves
The naira experienced a significant depreciation in the foreign exchange (FX) market due to heightened demand for the US dollar to support economic ...
