Nigeria
Nigeria: NAICOM and Industry Stakeholders to Assess Local Content in the Oil Sector
Regulatory agencies and stakeholders from the oil and gas industry and the insurance sector will come together to discuss the implementation of the ...
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Nigeria: Central Bank of Nigeria Lowers Treasury Bills Rates to Boost Liquidity
The Central Bank of Nigeria (CBN) has reduced the rates on Treasury bills instruments as liquidity remains healthy within the financial system. Despite ...
Nigeria
Nigeria: Pharmarun Emerges as Winner of Pitch2Win 2023, Here’s What You Need to Know
Health-tech startup Pharmarun clinched victory at the third edition of Pitch2Win, a prestigious event connecting startups with investors. The startup secured $10,000 in ...
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Nigeria: Federal Government’s Borrowing from CBN Reaches N25tn in March, Reports Show
In the first quarter of 2023, the Federal Government of Nigeria borrowed N1.83tn from the Central Bank of Nigeria (CBN) through Ways and ...
Nigeria
Nigeria: CBN Imposes Restrictions on Acquisition of Controlling Stakes in Holding Companies (HoldCos)
The Central Bank of Nigeria (CBN) has introduced restrictions on the acquisition of controlling stakes in financial holding companies (HoldCos) within the country ...
Nigeria
Nigeria: CBN Introduces Stricter Limits on Shareholdings and Insider Loans in Banks
In response to corporate governance issues observed in several financial institutions in Nigeria, including smaller banks, the Central Bank of Nigeria (CBN) has ...
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Nigeria’s eNaira Struggles with Adoption Despite Blockchain Foundation
Nigeria’s ambitious plan to establish the eNaira as a mainstream digital currency has encountered significant challenges in achieving widespread adoption. From the unbanked ...
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Nigeria: Naira Hits Record Low of N803/$1 at I&E Window
The exchange rate between the Nigerian naira and the US dollar plummeted to an all-time low of N803/$1 at the investor and exporter ...
Nigeria
Nigeria: Bank Verification Numbers (BVNs) Surpass 57.96 Million as CBN Takes Action Against Non-Compliant Accounts
The total number of Bank Verification Numbers (BVNs) issued in Nigeria has reached 57.96 million as of July 3, 2023, according to data ...
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Nigeria: Digital Transformation of MSMEs Could Boost Nigeria’s GDP by $53 Billion- NITDA
The National Information Technology Development Agency (NITDA) has emphasized that the digitization of Micro, Small, and Medium Enterprises (MSMEs) in Nigeria has the ...
