News
Nigeria: S&P RatingsAffirms Nigeria’s Ratings, Outlook Shifts to Negative
S&P Ratings affirmed Nigeria’s credit rating at “B-/B” but turned negative on its outlook, citing increasing risks to the country’s debt servicing capacity ...
Nigeria
Nigeria: CBN Directs Commercial Banks to Pay New Notes Over the Counter, Sets Limit
The Central Bank of Nigeria (CBN) Thursday (Febryary 2, 2023) directed commercial banks to commence paying the newly redesigned naira notes to customers ...
News
Nigeria: Union Bank Secures $30M IFC Loan to Finance Trade and SMEs
The International Finance Corporation (IFC) has announced a collaboration with Union Bank of Nigeria Plc to assist the bank in expanding lending to ...
Nigeria
Nigeria: Experts Call for Regulation On Reporting Cybersecurity Attacks
Cybersecurity experts have called for some form of regulations that will make organisations report cyber attacks, stressing that underreporting of cyber attacks is ...
News
Nigeria: CAC, NAICOM Partner Against Money Laundering
The Corporate Affairs Commission (CAC) and the National Insurance Commission (NAICOM) would partner to further boost the fight against money laundering in the ...
News
Nigeria: NCC Moves to Bridge Gender Inequality in ICT Sector
The Nigerian Communications Commission (NCC) has introduced the “Nigerian Girls Can Code,” as part of efforts to bridge the gender gap between male ...
Nigeria
MTN Nigeria reports double-digit subscriber growth despite SIM woes
MTN Nigeria, Africa’s largest mobile operator’s most profitable market, has reported a double-digit increase in subscribers for its 2022 year, despite being hit ...
News
Nigeria: Reps Approve Additional N1trn Loan for FG from CBN
Nigeria’s house of representatives has approved President Muhammadu Buhari’s request to borrow an extra $2.2 billion in temporary advances from the country’s central ...
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Nigeria: International rating agency downgrades nine Nigerian banks
An international rating agency, Moody’s Investors Service, has downgraded nine Nigerian banks following its downward review of Nigeria’s rating last week. The downgraded ...
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Nigeria: Banks to Accept Old Naira Notes after Deadline – Emefiele
Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN) has said that local banks will be accepting old naira notes after ...
