News
Nigeria: Financial Experts Urge Innovation to Counter Cyber Threats Amid $12bn Losses
Amid rising cyber threats leading to significant financial losses, experts in the financial sector are advocating for innovative solutions to bolster confidence in ...
Nigeria
Nigeria: SEC Advocates for Capital Market Innovation to Drive Sustainable Growth
The Director General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has called on capital market operators to embrace innovation as a ...
Nigeria
Nigeria: NEPZA Introduces Tax Breaks and Other Incentives to Retain Foreign Investments in Nigeria
To curb the exodus of foreign businesses from Nigeria, the Nigeria Export Processing Zones Authority (NEPZA) has introduced several measures aimed at supporting ...
Nigeria
Nigeria: Investors Reduce Treasury Bills Holdings Amid CBN Rate Cuts
Investors responded negatively by reducing their holdings of Nigerian Treasury Bills (NTBs) in the secondary market following consecutive cuts in spot rates at ...
Nigeria
Nigeria: Wema Bank Successfully Concludes First Phase of Recapitalisation
Wema Bank Plc has successfully completed the first tranche of its recapitalisation exercise, securing all necessary regulatory approvals for its N40 billion rights ...
Nigeria
Nigeria: NITDA Director General Calls for Integration of Digital Skills in School Curriculum
The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, has urged a collective effort to update and enhance ...
Nigeria
Nigeria: FIRS Drops Tax Charges Against Binance Executives, Lists Exchange as Sole Defendant
In March 2024, the Federal Inland Revenue Service (FIRS) filed tax evasion charges against Binance, alleging that the cryptocurrency platform violated four tax ...
Nigeria
Nigeria: Wema Bank Secures Regulatory Approval for N40bn Rights Issue
Wema Bank has received regulatory approval for the allotment of its N40 billion rights issue, which began in December 2023. This marks the ...
Nigeria
Nigeria: NDPC Levies ₦400 Million in Fines on 7 Companies for Data Breaches
The National Data Protection Commission (NDPC) has imposed ₦400 million in fines on seven companies for various data breaches. Olatunji, a spokesperson for ...
Nigeria
Nigeria: World Bank, WTO, and NITDA Collaborate to Boost Digital Trade
The National Information Technology Development Agency (NITDA), in partnership with the World Bank and the World Trade Organization (WTO), is taking significant steps ...