Nigeria
Nigerian Fintech Startups Face High Costs with New KYC Regulations
In light of recent changes mandated by the Central Bank of Nigeria (CBN), fintech startups are now required to physically verify the addresses ...
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Nigerian Government and World Bank Discuss Ambitious 90,000km Fiber-Optic Cable Project
In a significant move to enhance Nigeria’s digital infrastructure, the Federal Government has commenced discussions with the World Bank to support the deployment ...
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Nigeria: GTCO Aims to Raise N500bn Capital by July
Guaranty Trust Holding Company Plc (GTCO) has announced plans to raise approximately N500bn starting in July. This information was disclosed in a preliminary ...
Nigeria
Nigeria: NDPC Launches Campaign to Raise Awareness on Nigeria Data Protection Act
The Nigeria Data Protection Commission (NDPC) is intensifying efforts to increase awareness about the Nigeria Data Protection Act (NDPA) to ensure compliance among ...
Nigeria
Nigeria: Sterling Bank Partners with SPPG to Implement Blockchain for Credential Verification
Sterling Bank has joined forces with the School of Politics, Policy, and Governance (SPPG) to enhance credential verification through the adoption of blockchain ...
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Nigeria’s Q1 2024 Company Tax Revenue Drops to N984 Billion
The National Bureau of Statistics (NBS) has reported that Nigeria’s total company income tax (CIT) for the first quarter of 2024 amounted to ...
Nigeria
Nigeria: FG Imposes N400m Fine on Four Banks and Others for Data Breaches
The Nigeria Data Protection Commission (NDPC) has announced that over 1,000 financial institutions, schools, insurance companies, and consultancy firms are currently under investigation ...
Nigeria
Nigeria: CBN Reassures Public on Stability of Nigerian Banks Amid Rumors
The Central Bank of Nigeria (CBN) has dismissed rumors suggesting plans to revoke the operating licenses of Fidelity, Polaris, Wema, and Unity Banks, ...
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Nigeria’s Debt Servicing Hits $2.2bn in Five Months – CBN Reports
Data from the Central Bank of Nigeria (CBN) has revealed that Nigeria’s debt servicing reached approximately $2.2 billion in the first five months ...
Nigeria
Nigeria: Nova Merchant Bank Submits Capital Raising Plan to CBN for Commercial License
Nova Merchant Bank Limited has announced the submission of its capital raising plan to the Central Bank of Nigeria (CBN) as part of ...