Nigeria
Nigeria: NCC Conducts Public Inquiry on Regulatory Instruments for Telecommunications Industry
The Nigerian Communications Commission (NCC) has commenced a three-day public inquiry to review six critical regulatory instruments aimed at addressing quality of services ...
Nigeria
Nigeria: CBN Lifts Ban on 440 Accounts Including Bamboo, Nairabet, and AbokiFX
The Central Bank of Nigeria (CBN) has directed banks to remove the post-no-debit restrictions placed on the bank accounts of 440 individuals and ...
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Nigeria: CBN Raises Benchmark Interest Rate to 18.75%
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has announced an increase in the country’s Monetary Policy Rate (MPR) from 18.5 ...
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Nigeria: CBN’s Hawkish Approach: MPC Set to Conclude Meeting with 50bps Rate Hike
As projected, the Monetary Policy Committee (MPC) is expected to raise the Monetary Policy Rate (MPR) by 50 basis points (bps) as it ...
Nigeria
Nigerian insurtech startup, MyCover.ai raises $1.25m in pre-seed round
Nigerian insurtech startup, MyCover.ai, has successfully concluded a pre-seed funding round, raising $1.25 million to address the challenges faced by the insurance industry ...
Nigeria
Nigeria: FCCPC Warns PoS Operators Against Price Fixing, Threatens Jail Term
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a stern warning to Point of Sale (PoS) operators, cautioning them against engaging ...
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Nigeria: CBN MPC Meeting- Market Focuses on Acting Governor Shonubi for Interest Rate Decision
Amidst economic uncertainty, all attention is directed towards the acting Central Bank of Nigeria (CBN) Governor, Fola Shonubi, as the Monetary Policy Committee ...
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Nigeria: Fitch Predicts Nigeria’s Inflation to Average 25.1% in 2023 Amid Economic Reforms and Rising Poverty Rates
Fitch Solutions, a renowned provider of credit, debt market, country, and industry risk research, has projected that Nigeria’s short-term economic outlook will be ...
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Nigerian Central Bank Enhances eNaira with NFC Technology for Contactless Payments
Despite recent changes in leadership, the Central Bank of Nigeria (CBN) remains steadfast in its commitment to the central bank digital currency (CBDC) ...
Nigeria
Nigerian Government Cracks Down on Illegal Loan Apps and Delists Non-Compliant Ones
The Nigerian Federal Government, through the Federal Competition and Consumer Protection Commission (FCCPC), has taken decisive action against illegal loan apps operating in ...
