News
Nigeria: Advancing Sustainable Business Growth by Embracing Technology in MSME Operations
In a bid to optimize Micro, Small, and Medium Enterprises (MSMEs) for effective service delivery and contribute to Nigeria’s socio-economic growth, key stakeholders ...
Nigeria
Nigeria: Federal Government Plans Enhanced Regulations for O-pay, Moniepoint, and Other Digital Lenders
The Federal Government, through the Federal Competition and Consumer Protection Commission (FCCPC), is gearing up to introduce additional regulations for the digital lending ...
News
Nigeria: World Bank Forecasts Nigeria’s Diaspora Remittances to Surpass $20 Billion in 2023
The World Bank has projected that diaspora remittances to Nigeria will exceed $20 billion by the end of 2023, contributing to the total ...
News
Nigeria: CBN Reassures Nigerians: Your Funds are Secure in Local Banks
In a bid to allay concerns and dispel rumors, the Central Bank of Nigeria (CBN) has affirmed the safety of funds within Nigerian ...
Nigeria
Nigeria Repays $1.8 Billion in Foreign Loans
[tta_listen_btn] The Nigerian government has successfully repaid a total sum of $1.8 billion in foreign loans, including part of the COVID-19 advances obtained ...
Nigeria
FCCPC Initiates Measures to Address Rising Indebtedness from Loan Apps
[tta_listen_btn] The Federal Competition and Consumer Protection Commission (FCCPC) has revealed plans to establish a comprehensive regulatory framework to tackle the issue of ...
Nigeria
Nigeria: CBN Reverses Crypto Transaction Ban for Banks with Regulatory Framework
In a recent circular addressed to banks and financial institutions, the Central Bank of Nigeria (CBN) has lifted the restrictions on banks, allowing ...
Nigeria
Nigeria: Central Bank of Nigeria Issues Warning Against Cash Scarcity Conspiracy by Banks and PoS Operator
The Central Bank of Nigeria (CBN) has issued a stern warning to both banks and Point-of-Sale (PoS) operators regarding an alleged conspiracy that ...
Nigeria
Nigeria: House of Representatives Urges CBN to Include Chinese Yuan in External Reserves
The House of Representatives has recommended the inclusion of the Chinese Yuan as an official foreign exchange reserve currency, alongside other globally recognized ...
Nigeria
Nigeria: FIRS Instructs Banks to Implement Electronic Money Transfer Levy on Foreign Currency Transactions
The Federal Inland Revenue Service (FIRS) has issued a directive to deposit money banks, instructing them to deduct and remit the Electronic Money ...
