News
Nigeria: ABCON Advocates Merger, Not Recapitalization, for BDCs – Gwadabe
The Association of Bureaux De Change Operators of Nigeria (ABCON) has clarified that it is pursuing the merger of multiple Bureaux De Change ...
News
Nigeria: Zaccheus Adedeji Appointed Acting Chairman of FIRS by President Tinubu
President Bola Tinubu has granted his approval for the appointment of Zaccheus Adedeji as the new Acting Executive Chairman of the Federal Inland ...
News
Nigeria: Video Streaming and Calls Drive Telecom Spending to N3.86tn, Reports NCC
The Nigerian Communications Commission (NCC) has revealed that increased video streaming and talk time contributed to a total spend of N3.86tn on telecom ...
Nigeria
Nigeria: NIMC Relocated to Ministry of Interior to Expedite Passport Issuance
The National Identity Management Commission (NIMC) has been relocated to the Ministry of Interior as part of a move by the Federal Government ...
News
Nigeria: Naira Declines 7% as FTSE Russell Downgrades Nigeria Index
The Nigerian Naira’s value fell by 7.08% against the US Dollar in the Investors’ and Exporters’ FX Window, closing at a rate of ...
News
Nigeria: Presidential Committee Clarifies Tax Reforms, Assures No New Taxes or Higher Rates
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has emphasized that the federal government does not intend to ...
News
Nigeria’s Fiscal Deficit Widens to N3.68tn in First Five Months of 2023 – CBN Report
A recently released report by the Central Bank of Nigeria (CBN) reveals that the Federal Government of Nigeria recorded a fiscal deficit of ...
Nigeria
Nigeria: CBN Directs Banks to Preserve FX Revaluation Gains, Reinforce Capital Reserves
In a significant move, the Central Bank of Nigeria (CBN) has issued a directive to commercial banks, instructing them to refrain from utilizing ...
News
Nigerian Banks’ Net Borrowing from CBN Surpasses N1 Trillion Amidst Liquidity Pressures
In August, Nigerian deposit money banks (DMBs) found themselves net borrowers from the central bank, with the total amount reaching a staggering N1 ...
News
Nigerian Innovator Secures Patent for Blockchain-Powered Authentication System
Hyperspace Technologies Limited has achieved a significant milestone by securing a patent for its innovative Multi-Factor Authentication (MFA) system, driven by blockchain technology. ...

