Nigeria
Nigeria: CBN Governor Affirms Naira as Grossly Undervalued, Vows Aggressive Regulatory Measures
Mr. Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), declared that the Naira is significantly undervalued, expressing concerns about the ...
News
Nigeria: FX Debt Cleared in Most Banks, Only Five Still Outstanding -CBN Governor:
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), announced that the backlog of foreign exchange (FX) debt in most Nigerian ...
Nigeria
Nigerian Debt Recovery Startup Bfree Secures $2.95 Million to Revolutionize Africa’s Debt Collection Landscape
Tech-enabled debt collection startup Bfree, based in Nigeria, has successfully raised $2.95 million in a recent funding round, marking a significant milestone in ...
Nigeria
Nigeria: Court Halts MTN and Other Telecoms from Disabling SIM Cards Unlinked to NIN
The Federal High Court sitting in Lagos has issued a restraining order against MTN Nigeria and other telecom operators, preventing them from deactivating ...
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Nigeria: CBN Greenlights $20,000 Allocation to BDCs to Address Market Distortions
In a proactive move to address distortions in the retail segment of Nigeria’s foreign exchange market, the Central Bank of Nigeria (CBN) has ...
Nigeria
Nigeria: Senate Advances Bill for Amendment of CBN Act to Second Reading
In a significant legislative move, the Senate conducted the second reading of a bill aimed at amending the Central Bank of Nigeria (CBN) ...
Nigeria
Nigeria: CBN to Resume Weekly FX Interventions Through BDCs to Strengthen Naira
In a significant move aimed at bolstering financial stability and reinforcing the value of the naira, the Central Bank of Nigeria (CBN) is ...
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Nigeria: Smartcomply Unveils AI-Powered On-Premise Enterprise Version to Revolutionize Compliance for Banks
Smartcomply, a leading provider of compliance management solutions, is thrilled to announce the launch of its new On-Premise Enterprise Version. This state-of-the-art solution, ...
Nigeria
Nigeria: CBN Sells Over $300 Million to Banks as Naira Strengthens
The Central Bank of Nigeria (CBN) has injected over $300 million into Deposit Money Banks over the past two weeks in a bid ...
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Nigeria: Coinbase Refutes Claims of Nigerian Crypto Ban
Cryptocurrency platform Coinbase has rejected reports suggesting that it is facing restrictions in Nigeria. A recent article by the Financial Times (FT) alleged ...
