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Nigeria: NAICOM: Unveiling a 10-Year Strategic Roadmap for the Insurance Industry
Over the years, NAICOM has actively undertaken measures to advance the insurance industry in alignment with its regulatory responsibilities. A primary objective of ...
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Nigeria: Naira Strengthens to N950 as Recovery Continues
The Nigerian naira continued its positive momentum against the US dollar, reaching an average exchange rate of N950/$ in the parallel market. This ...
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Nigeria: Budget Minister and Stakeholders Advocate for Inclusive and Robust National Statistical System
Senator Abubakar Bagudu, the Minister of Budget and Economic Planning, has emphasized the need for a comprehensive and inclusive national statistical system in ...
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Nigeria: NDIC Refunds N1.2 Billion to Depositors of Liquidated Microfinance Banks
The Nigeria Deposit Insurance Corporation (NDIC) has announced that it continues to refund more depositors of microfinance banks (MFBs) whose licenses were recently ...
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Nigeria: Central Bank of Nigeria Dismisses Naira Redenomination Rumors
The Central Bank of Nigeria (CBN) has refuted recent reports suggesting that it intends to redenominate the country’s local currency, the naira. In ...
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Nigeria: GTCO and Zenith Bank Compete for Market Valuation Supremacy
GTCO and Zenith Bank are in a fierce race for market supremacy and have made it to the N1 trillion valuation category for ...
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Nigeria: Naira Loses Ground, Trading at 1,180/$ Following Recent Gains
The Nigerian naira has weakened in recent trading, opening at 1,180 naira to the US dollar on Monday, compared to 1,150 naira to ...
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Nigeria’s Debt to China Surges by $800 Million in One Year, Reaching $4.73 Billion
Nigeria’s debt to China has risen from $3.93 billion as of June 30, 2022, to $4.73 billion as of June 30, 2023, reflecting ...
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Nigeria: Access Bank Strengthens Development Banking Desk to Support Businesses and NGOs
Access Bank has bolstered its Development Banking Desk with the aim of promoting sustainable development in Nigeria and across the African continent. The ...
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MTN Nigeria Ordered to Pay N57.2 Billion in Tax Arrears to FIRS
The Tax Appeal Tribunal’s Lagos State Division has ruled that MTN Nigeria Communications must pay N57.2 billion ($72,551,059) in tax arrears to the ...
