News
Nigeria: NIGCOMSAT Partners with BON to Enhance Broadcast Services with Satellite Uplink
NIGCOMSAT Limited, Nigeria’s leading satellite communication infrastructure provider, has entered a strategic partnership with the Broadcasting Organisation of Nigeria (BON) to offer uplink ...
Nigeria
Nigeria: CBN Projects Dip in External Reserves for 2024
The Central Bank of Nigeria (CBN) has projected a slight reduction in external reserves for 2024, primarily due to debt service and other ...
Nigeria
Nigeria: NCC and FintechNGR Strengthen Commitment to Enhance Nigeria’s Fintech Sector
Following recent engagements with the Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN), the Governing Council of FintechNGR, led ...
Nigeria
Nigeria: CRMI Commends SEC’s Directive for Capital Market Operators to Implement ERM
The Chartered Risk Management Institute of Nigeria (CRMI) has praised the Securities and Exchange Commission’s (SEC) directive for capital market operators to implement ...
Nigeria
Nigeria: Tinubu Proposes Amendment to Finance Act to Tax Banks’ ₦2 Trillion FX Gains
President Bola Tinubu of Nigeria has requested the National Assembly to amend the 2024 Finance Act to impose a tax on the foreign ...
Nigeria
Nigerian Government to Impose Windfall Tax on Banks
The Nigerian government is set to introduce a windfall tax on banks’ foreign currency revaluation gains, aiming to use the proceeds to support ...
Nigeria
Nigeria: OKX to Cease Operations in Nigeria from August 16, 2024
OKX, a prominent cryptocurrency exchange, has announced that it will discontinue its services in Nigeria starting August 16, 2024. The exchange has urged ...
News
Nigeria: PalmPay Maintains Zero-Fee Transfers to Boost Financial Inclusion
Financial technology firm PalmPay has announced the continuation of its zero-fee transfer policy, reinforcing its commitment to driving financial inclusion across Nigeria. Introduced ...
News
Nigeria: Average FX Turnover Soars by 180% in One Year – CBN
The Central Bank of Nigeria (CBN) has reported a significant increase in the average foreign exchange (FX) turnover, which grew by 180.47 percent ...
News
Nigeria: Wema Bank Launches AlatPay to Digitize SME Operations and Lead Cardless Payment Revolution
Wema Bank, a leading Nigerian financial institution, has unveiled AlatPay, an instant digital payment solution designed to help small and medium-sized enterprises (SMEs) ...
