Nigeria
Nigeria: CAC Strengthens Regulations for Registered Entities to Enhance Service Standards
Hussaini Magaji, the Registrar General of the Corporate Affairs Commission (CAC), has announced that the commission is intensifying its regulatory measures on registered ...
Nigeria
Nigeria: CBN to Impose Sanctions on MfBs for Delayed or Non-Submission of Monthly Returns
The Central Bank of Nigeria (CBN) has issued a stern directive to all Microfinance Banks (MfBs), emphasizing the imperative of promptly submitting statutory ...
Nigeria
Nigeria: CBN Heightens Scrutiny on Banks’ Financial Reports to Combat Financial Crimes
The Central Bank of Nigeria (CBN) has escalated its vigilant oversight of banks to identify any infractions and ensure adherence to existing regulations, ...
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Nigeria Teams Up with Blockchain Firm Gluwa to Drive eNaira Adoption
The Federal Government of Nigeria, in collaboration with the Central Bank of Nigeria (CBN), has joined forces with blockchain technology firm Gluwa to ...
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Nigeria: PalmPay Introduces Two Financial Products to Foster Financial Inclusion in Nigeria
PalmPay, a fintech platform focused on Africa, has unveiled two innovative financial products aimed at enhancing financial inclusion within Nigerian communities. These products, ...
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Nigerian Banks Tap ₦8 Trillion from CBN to Boost Liquidity Amid Rising Interest Rates
Nigerian deposit money banks (DMBs) have collectively borrowed ₦8 trillion from the Central Bank of Nigeria’s (CBN) standing lending facility (SLF) to address ...
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Nigeria: Flutterwave Discontinues Barter Virtual Card, Shifts Focus to Remittance Services
Flutterwave has announced the discontinuation of its Barter service, a virtual card platform introduced in 2017 as part of the fintech company’s growth ...
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Nigeria: CBN Reports Quadrupling Remittances to $1.3 Billion in February
The Central Bank of Nigeria (CBN) has reported a remarkable increase in foreign exchange inflow into the economy during the month of February. ...
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Nigeria: States’ Internal Revenue Collection Hits N2 Trillion Milestone, Reports FIRS Chairman
Zacch Adedeji, the Executive Chairman of the Federal Inland Revenue Service (FIRS), disclosed a significant achievement in the realm of revenue collection by ...
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Nigeria: CBN Records a Remarkable 433% Surge in Remittances to $1.3 Billion in February
The Central Bank of Nigeria (CBN) has revealed an impressive 433% increase in Diaspora remittances, soaring to $1.3 billion in February from the ...
