Nigeria
Nigeria: Banks get 30-day deadline to close accounts without BVN
The Central Bank of Nigeria (CBN) has given banks and other financial institutions a 30-day timeline to close accounts without Bank Verification (BVN). ...
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Nigeria: NIMC Urges Improved Internet Connectivity to Drive Financial Inclusion
The National Identity Management Commission (NIMC), has stressed the need for expansion in broadband connectivity to drive financial inclusion across the country. The ...
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Nigeria: CBN expresses commitment to forex expansion
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said the banking sector was committed to expanding foreign exchange supply in ...
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Nigeria: NITDA, LEAP Africa collaborate to harness youths’ talents for economic growth
The National Information Technology Development Agency (NITDA) has agreed partner with LEAP Africa, a non-profit organisation that focuses on leadership development, to harness ...
Nigeria
Nigeria: EFCC warns banks’ compliance officers against sharp practices
The Economic and Financial Crimes Commission (EFCC) has warned financial institutions and compliance officers to be diligent and avoid being complicit in financial ...
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Nigeria: Telcos’ umbrella body confirms withdrawal of USSD services to banks
Umbrella body of the telcom companies, the Association of Licensed Telecom Operators in Nigeria, ALTON, has provided more details on its dispute with ...
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Nigeria: Emefiele urges institute to train risk management professionals
The Governor, Central Bank of Nigeria, Godwin Emefiele, has urged the Chartered Risk Management Institute of Nigeria to use its position to develop ...
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Nigeria: Banks Increase T-Bills Holdings as Liquidity Improves
Nigerian deposit money banks increased their treasury buying as the liquidity level in the financial system improved. However, fund managers and local lenders’ ...
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Nigeria: Cash Crisis to Temper Q1 GDP Growth
The cash shortage crisis that spooked the Nigerian economic atmosphere in the first quarter has been projected to have adverse effects on economic ...
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Nigeria collects only 40% of natural resources revenue – World Bank
The World Bank has disclosed that Nigeria and other metals and mineral resource-rich countries in Sub-Saharan Africa can double revenues from natural resources ...
