Nigeria
Nigeria: TAJBank Achieves CBN’s New Recapitalisation Benchmark Ahead of Deadline – CEO
TAJBank Limited has successfully met the new capital thresholds mandated by the Central Bank of Nigeria (CBN) under its ongoing recapitalisation programme, positioning ...
Nigeria
Nigeria: CBN Says Rate Cut to Ease Borrowing Costs for SMEs and Households
The Central Bank of Nigeria (CBN) has described its recent 50 basis point reduction in the Monetary Policy Rate (MPR) as a deliberate ...
Nigeria
Nigeria: PenCom Approves Foreign Currency Investments for Pension Funds
The National Pension Commission (PenCom) has issued new guidelines allowing Pension Fund Administrators (PFAs) to invest part of Nigeria’s ₦24.6 trillion pension assets ...
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Nigeria: Alert MFB Launches Digital Banking Platform to Boost SME Growth
Alert Microfinance Bank (MFB) has rolled out a Business Banking Platform designed to streamline financial operations for entrepreneurs and small businesses, in a ...
News
Nigeria: CBN Governor Cardoso Confirms 14 Banks Have Met New Capital Requirement
The Central Bank of Nigeria (CBN) has announced that 14 Nigerian banks have successfully complied with the new capital requirements under its ongoing ...
Nigeria
Nigeria: CBN Cuts Interest Rate to 27%, OPS Pushes for Deeper Credit Relief
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has reduced the benchmark interest rate to 27.0%, marking the first cut in ...
Nigeria
Nigeria: PenCom to Roll Out Minimum Pension Guarantee Under Pension Revolution 2.0
The National Pension Commission (PenCom) has unveiled plans to introduce a Minimum Pension Guarantee (MPG) as part of its Pension Revolution 2.0, a ...
Nigeria
Nigeria: PenCom Bars Cross-Shareholding in Multiple Pension Fund Operators
The National Pension Commission (PenCom) has issued new guidelines prohibiting significant cross-shareholding in more than one licensed Pension Fund Operator (PFO), effective immediately. ...
Nigeria
Nigeria: Seven Banks’ Mandatory Deposits with CBN Rise to N18.16trn
Following the increase in Cash Reserve Ratio (CRR) to 50 per cent by the Central Bank of Nigeria (CBN), deposit money banks’ mandatory ...
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Nigeria: Paradigm Initiative Raises Alarm Over Data Breaches, Calls for Stronger Digital Rights Protections in Nigeria
Paradigm Initiative (PIN) has warned that Nigerians’ online data remains dangerously exposed, urging government and stakeholders to prioritise stronger digital rights safeguards as ...