News
Nigeria: NIRSAL MfB Records 2.50% Profit Decline, Reports N2.142 Billion Profit
Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending Plc’s (NIRSAL) microfinance bank subsidiary witnessed a 2.50% decline in its annual profit for the year ...
Nigeria
Nigeria: Government Greenlights 154 Digital Money Lenders, Tightens Regulations
The Federal Government, acting through the Federal Competition and Consumer Protection Commission (FCCPC), has unveiled a new list featuring 154 digital lenders that ...
News
Nigeria: Naira’s Value Decline Persists Amid Dollar Shortage in Banks
The growing disparity between the demand and availability of the US dollar in both banks and the parallel market has led to further ...
News
Nigeria: FSD Africa and NAICOM Forge Stronger Ties to Advance Training and Innovation
The collaboration between Financial Sector Deepening Africa (FSD Africa) and the National Insurance Commission (NAICOM) marks a significant stride in fostering growth and ...
Nigeria
Nigeria: CBN’s Annual Report Highlights Increased Credit Risk Amid Government Lending
The Central Bank of Nigeria (CBN) has posted higher net profits for 2022, but its financial health has been clouded by a significant ...
Nigeria
Nigeria: SEC Launches Investigation into Ongoing First Bank of Nigeria Holdings Plc Tussle
The Securities and Exchange Commission (SEC) has confirmed its initiation of an investigation into the ongoing dispute within First Bank of Nigeria Holdings ...
News
Nigeria: Telecom Spending Reaches N3.86tn Due to Increased Video Streaming and Calls, Reports NCC
The amount spent on telecom services in Nigeria reached N3.86tn in 2022, primarily driven by heightened video streaming and talk time, as stated ...
News
Nigeria: CBN Acting Governor Highlights Diversion of Diaspora Remittances as Cause of Naira Depreciation
The Central Bank of Nigeria (CBN) has identified the diversion of diaspora remittances to unofficial markets, particularly the parallel market, as a key ...
Nigeria
Nigeria: CBN Releases Seven Years of Financial Statements Amid Investigation
The Central Bank of Nigeria (CBN) has taken a significant step by releasing its Consolidated Financial Statements for the past seven years, marking ...
News
Nigeria: CBN Attributes Naira’s Decline to Diversion of Diaspora Remittances
The Central Bank of Nigeria (CBN) has linked the rapid depreciation of the naira against the dollar to the redirection of remittances from ...
