Nigeria
Nigeria: Federal Government to Collect Over N425bn from Banks through One-Time Windfall Tax
The Nigerian government is set to collect over N425 billion from seven banks through a one-time windfall tax on their foreign currency revaluation ...
Nigeria
Nigeria: Monies in Dormant Accounts Prone to Fraud, Warns CBN Governor Cardoso
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has raised concerns about the susceptibility of monies in dormant bank accounts ...
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Nigeria: Imo State Partners with DIGITAL SME to Connect Digital Talents with European Union
The Imo State Government of Nigeria and DIGITAL SME have signed a Memorandum of Understanding (MoU) to launch a digital skills development initiative ...
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Nigeria: Forex Inflow via IMTOs Hits $1.07bn in Q1 2024 – CBN
Foreign exchange inflows from International Money Transfer Operators (IMTOs) surged by 38.86 percent to $1.07 billion in the first quarter of 2024, up ...
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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 ...
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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 ...
