Nigeria
Nigeria: SEC Reports Unclaimed Dividends of N190 Billion in Capital Market
The Securities and Exchange Commission (SEC) has revealed that the amount of unclaimed dividends in Nigeria’s capital market has reached N190 billion. During ...
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Nigeria: Central Bank Borrowing Surges to N12 Trillion as Banks Struggle with Cash Shortage
Recent data reveals a growing reliance on the Central Bank of Nigeria (CBN) for liquidity among commercial and merchant banks. Over the past ...
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Nigeria Collects N2 Trillion in Taxes from Foreign Tech Giants Google, Facebook, and Others
The federal government of Nigeria has amassed a significant sum of N2 trillion ($2.5 billion) in taxes from foreign companies operating within the ...
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Nigeria: Telecom Sector Contributes 16.06% to Nigeria’s Q2 2023 GDP, Reports NBS
The telecommunications and information services (telecoms) sector has emerged as the third-highest contributor to Nigeria’s GDP in the second quarter of 2023. This ...
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Nigeria: Ignorance Identified as Key Factor in the Surge of Cybercrime, Say Experts
Cybersecurity stakeholders have pinpointed ignorance as a significant driver behind the increasing incidents of cybercrime in society. This revelation emerged during the launch ...
Nigeria
Nigeria: N125 Million in Fines Imposed on Banks and 18 Others for Late Filings
A total of eight banks and 18 other listed companies have collectively received fines amounting to N125 million due to their failure to ...
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Nigeria: CBN Clarifies no Intention to Resume Weekly Dollar Sales to BDCs
The Central Bank of Nigeria (CBN) has refuted any plans to reintroduce weekly foreign currency sales to Bureau de Change (BDC) operators, following ...
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Nigeria Secures $500 Million to Boost Local Digital Economy Funding
The Nigerian federal government has successfully secured access to approximately $500 million in funding to establish a local funding initiative aimed at bolstering ...
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Nigeria: CBN Challenges JP Morgan’s $3.7 Billion FX Reserve Estimate for Nigeria
The Central Bank of Nigeria (CBN) has criticized JP Morgan’s recent assessment of Nigeria’s foreign exchange reserves, deeming it inaccurate. Hassan Mahmud, Director ...
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Nigeria: Over 25.93 Billion Text Messages Exchanged by Nigerians in 2022, NCC Reports
The Nigerian Communications Commission (NCC) has revealed that Nigerians and telecom consumers within the country exchanged a staggering 25.93 billion text messages locally ...
