Nigeria
Nigeria: CBN Increases Minimum Capital Requirement for Commercial Banks to N500 Billion
The Central Bank of Nigeria (CBN) has announced a new minimum capital requirement for banks, raising the bar for commercial banks with international ...
Nigeria
Nigeria: CBN Introduces New Minimum Capital Requirements, Grants Banks 24 Months for Recapitalization
Following recent calls for Nigerian banks to expedite their recapitalization efforts to fortify the financial sector, the Central Bank of Nigeria (CBN) has ...
Nigeria
Nigeria: Concerns Mount Over Nigeria’s Rising Debt, Posing Challenges to CBN Policy
As Nigeria’s public debt continues to surge, financial analysts and public affairs experts are increasingly alarmed by the potential ramifications, fearing that the ...
News
Nigeria: Telecom Subscribers Seek Extension of SIM-NIN Linking Deadline, Citing Challenges
The National Association of Telecommunications Subscribers (NATCOMS) has urged the Nigerian Communications Commission (NCC) to extend the deadline for linking Subscriber Identity Module ...
News
Nigeria: FIRS Reaffirms No New Taxes Amid Visit from Guinness Nigeria CEO
Zacch Adedeji, Chairman of the Federal Inland Revenue Service (FIRS), has reiterated the agency’s stance against introducing additional taxes in Nigeria. Adedeji made ...
News
Nigeria: CBN Governor Commends Recent Forex Stability
Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), expressed commendation for the recent stability achieved in the foreign exchange market. ...
Nigeria
Nigeria: NCC Maintains SIM-NIN Deadline, Telcos to Bar Unlinked Lines by Friday
Telecommunication companies are set to disconnect more Subscriber Identity Module (SIM) numbers not linked to National Identification Numbers (NIN) by Friday, March 29, ...
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Nigeria: NCC Reports Record Data Consumption in January 2024
The Nigerian Communications Commission (NCC) has disclosed that data consumption in January 2024 surged to an all-time high of 721,522 terabytes, surpassing the ...
News
Nigeria: CBN Raises Benchmark Interest Rate to 24.75%
In a move to address economic concerns, the Central Bank of Nigeria (CBN) has announced an increase in its benchmark interest rate, the ...
Nigeria
Nigeria: CBN Urges Swift Action on Recapitalization for Banks
The Central Bank of Nigeria (CBN) has urged Deposit Money Banks (DMBs) across the country to expedite their efforts to bolster their capital ...
