Nigeria
Nigeria: CBN Mandates Banks to Accept Both Old and Redesigned Banknotes
The Central Bank of Nigeria (CBN) has instructed all of its branches to continue issuing and accepting all denominations of Nigerian banknotes, encompassing ...
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Nigeria: Naira Shows Resilience as Black Market Rate Holds Steady
Foreign exchange markets experienced varied movements as the demand for the US dollar was met with sufficient supply. According to data from the ...
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Nigeria: FRC’s New CEO, Dr Rabiu Olowo, Pledges Rigorous Standards Enforcement and Digital Transformation
Dr Rabiu Olowo, the recently appointed Executive Secretary/Chief Executive Officer of the Financial Reporting Council (FRC), has outlined his agenda, emphasizing a commitment ...
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Nigeria: NAICOM Expresses Concern Over High Volume of Unsettled Claims by Insurance Firms
Mr. Sunday Thomas, the Commissioner for Insurance, has raised alarm over the substantial number of outstanding insurance claims based on recent evaluations and ...
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Nigeria: Passport Application Automation Nears Completion, Set to Launch in a Week – Minister
The Minister of Interior, Olubunmi Tunji-Ojo, announced on Tuesday that the automation of Nigeria’s passport application process is now 99% complete. During an ...
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Nigeria: Mega Banks Lead with N10tn Capital Base as Others Seek Investors
Amid the Central Bank of Nigeria’s (CBN) proposal for a new round of banking sector consolidation, concerns and speculations arise among industry operators. ...
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Nigeria: EFCC Issues Warning About ATM Swap Fraud
Dele Oyewale, the Head of Media and Publicity for the Economic and Financial Crimes Commission (EFCC), has alerted Nigerians about the increasing incidents ...
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Nigeria: N130 Billion Pension Fund Invested in Infrastructure, says PenCom
Pension Fund Administrators (PFAs) have invested a total of N130.18 billion funds from the Contributory Pension Scheme (CPS) in infrastructure projects as of ...
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Nigerians Spend N2.6tn on Data and Airtime in Nine Months
Telecom subscribers in Nigeria spent a total of at least N2.59tn on airtime and data in the first nine months of 2023, according ...
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Nigeria: Zenith Bank Signs MoU with French Government to Establish Subsidiary in France
Zenith Bank Plc has entered into a memorandum of understanding (MoU) with the French government to establish a subsidiary in France. The Founder ...
