News
Nigeria: CBN Reduces Interest Rates on 1-Year Treasury Bills by 42.4 Basis Points to 20.7%
In a recent development on April 12, 2024, the Central Bank of Nigeria (CBN) conducted a Treasury bills auction where it successfully sold ...
Nigeria
Nigerian Startups Spearhead Investment Surge in Africa During Q1 2024
According to a recent analysis by Africa: The Big Deal, Nigerian startups have taken the lead in securing investments across Africa, amassing $160 ...
News
Nigeria: Escalating Transfer of Pension Funds Out of Nigeria Amidst Market Instability
Recent financial turbulence in Nigeria’s foreign exchange market has triggered a significant shift in pension fund management. Pension managers with foreign affiliations are ...
News
Nigeria: PenCom Distributes N117 Billion to Retirees in the Last Quarter of 2023
The National Pension Commission (PenCom) announced that it has paid out N117.89 billion in retirement benefits to retirees during the fourth quarter of ...
News
Nigeria: Zenith Bank Prepares for New CBN Capital Requirements
Zenith Bank Plc is actively preparing to meet the Central Bank of Nigeria’s (CBN) newly established N500 billion capitalization requirement, as revealed in ...
News
Nigeria: The NDIC and the Impact of Bank Recapitalization in Nigeria
The Central Bank of Nigeria (CBN) is currently steering a recapitalization initiative that is set to reshape the landscape of the banking sector. ...
Nigeria
Nigeria: Foreign Exchange Regulations Impacting Cross-Border Commerce, Traders Report
Traders engaged in cross-border activities have voiced concerns that the foreign exchange policies implemented by the Central Bank of Nigeria (CBN), which require ...
Nigeria
Nigeria: Government Endorses Cardoso’s Strategies for Naira Revival and Targets Forex Manipulators
In a recent announcement, Ajuri Ngelale, the President’s Special Adviser on Media and Publicity, confirmed the administration’s support for the initiatives led by ...
News
Nigeria to receive world’s most powerful biometric systems from IDEMIA
IDEMIA Smart Identity and NIMC have agreed to renew their long-standing collaboration and upgrade the biometric system of the National Identity Management Commission (NIMC) to become ...
News
Nigeria: AI is Key to Insurance Future – NAICOM Boss
Mr. Sunday Thomas, the commissioner for insurance/CEO, National Insurance Commission, NAICOM, has said Artificial intelligence (AI) is key to the future of insurance ...
