Nigeria
Nigeria: FCCPC Prohibits PoS Operators from Increasing Prices, Threatens Sanctions
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a directive prohibiting Point of Sale (PoS) operators in Nigeria from implementing the ...
News
Nigeria: Banking Stocks Rally Drives NGX’s N440bn Surge
The Nigerian equities segment of the Nigerian Exchange (NGX) witnessed a recovery midweek, as investors showed increased interest in financial service stocks. This ...
News
Nigeria: Investment in Nigeria’s Telecom Sector Reaches $75.6 Billion, Says NCC
The Nigerian Communications Commission (NCC) has announced that foreign direct investment (FDI) and local investment in Nigeria’s telecommunications sector reached $75.6 billion as ...
News
Nigeria: Money Market Rates Decline as CBN Overlooks Excess Liquidity
Buying interest surged in the secondary market for Nigerian Treasury bills as liquidity levels remained strong in the financial system. The market’s sustained ...
News
Nigerian Banks Urged to Reduce Operating Costs, Citing Higher Expenses Compared to Other Countries – MPC member
Adeola Adenikinju, a member of the Monetary Policy Committee (MPC), has highlighted the need for Nigerian banks to reduce their operating costs, which ...
News
Nigeria: Naira and External Reserves Experience Decline as Eurobond Matures
The Nigerian naira continues to exhibit significant daily volatility, depreciating by 3.5% to N768.44 at the Investors’ and Exporters’ foreign exchange (FX) market ...
Nigeria
Nigeria: NDPC to Impose Sanctions on MDAs’ Executives for Data Breaches
The Nigeria Data Protection Commission (NDPC) has announced that it will now hold chief executives of government Ministries, Agencies, and Departments (MDAs) accountable ...
News
Nigeria: Ecobank Introduces Affordable Loans for Tech Companies and Entrepreneurs
In Nigeria, accessing funding for business growth has often been a challenge for entrepreneurs, especially in the technology sector, as there are limited ...
Nigeria
Nigeria: CBN’s Reform Demands and the Concerns over Privacy Intrusion
The recent release of new customer due diligence regulations by the Central Bank of Nigeria (CBN) highlights the importance of effective regulation in ...
News
Nigeria: Banks’ Borrowings from CBN Surge by 140% to N10.35 Trillion
The borrowing trend among banks in Nigeria has shown a significant increase, as their reliance on the Central Bank of Nigeria (CBN) intensifies. ...
