News
Nigeria: NGX Group Names Jude Chiemeka as CEO of Nigerian Exchange
The Nigerian Exchange Group Plc has appointed Mr. Jude Chiemeka as the Chief Executive Officer of Nigerian Exchange Limited, its operating exchange subsidiary, ...
Nigeria
Nigeria: SEC Mandates Nigerian Offices for Virtual Asset Companies Under New Regulation
In a circular dated June 21, 2024, titled “Framework On Accelerated Regulatory Incubation Program (ARIP) For The Onboarding Of Virtual Assets Service Providers ...
Nigeria
Nigeria: Recapitalization Alone Won’t Ensure Efficient Banking Sector, Experts Say
Amid ongoing efforts to raise minimum capital requirements in line with new regulatory thresholds, experts assert that building a banking sector supportive of ...
Nigeria
Nigeria: CBN Urges Fintechs to Enhance Regulations and Stakeholder Engagement
The Central Bank of Nigeria (CBN) has called on financial technology (fintech) firms to adhere to regulations and strengthen engagement with stakeholders to ...
Nigeria
Nigeria: POS Agents, SMEs Urged to Meet CAC Registration Deadline
Ahead of the mandatory registration deadline set by the Corporate Affairs Commission (CAC), Michael Nwabufo, the agency’s ambassador, has called on point-of-sale (POS) ...
News
Nigeria’s Prembly Merges with Kenya’s Peleza to Form Prembly Group
Nigeria’s identity verification company, Prembly, has merged with Peleza, an East African background checks and KYB (Know Your Business) company, to form the ...
News
Nigeria: Telecom Sector Draws $191.5 Million in Foreign Investments in Q1 2024
In the first quarter of 2024, Nigeria’s telecommunications sector attracted $191.5 million in Foreign Direct Investment (FDI), marking a substantial increase from previous ...
Nigeria
Nigeria: CBN Warns Against Selective Rejection of Old USD Bills
The Central Bank of Nigeria (CBN) has issued a stern warning to banks and foreign exchange dealers, instructing them to cease the selective ...
Nigeria
Nigerian Government Overhauls Withholding Tax, Grants Exemptions to Farmers and SMEs
The Federal Government has approved a new, business-friendly withholding tax regime aimed at easing the compliance burden on businesses, particularly small and medium ...
Nigeria
Nigeria: SEC Encourages Capital Market Operators to Embrace Green Bonds
Emomotimi Agama, the Director General of the Securities and Exchange Commission (SEC), has called on capital market operators to adopt green bonds and ...