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Nigeria: Court Orders Zenith, UBA To Remit N2m, N13m Fraud Proceeds To Victim
A Federal High Court sitting in Lagos has directed the managements of the United Bank for Africa (UBA) and Zenith Bank to reverse ...
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PalmPay Obtains Nigeria Data Protection Regulation (NDPR) Compliance in Data Protection
The NDPR makes provisions for the rights of data subjects, the obligations of data controllers and data processors, transfer of data to a ...
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Nigeria: CBN pledges inclusion of unbanked persons as cash deposit increases
The Central Bank of Nigeria (CBN) has lauded the increased deposit of cash in the banks and financial institutions across the country. The ...
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Nigeria: Banks’ consumer loans decline 17% as CBN tightens money supply
For the first time in three years, banks reduced consumer loans by 17 per cent (N400 billion), in one month, following a decline in money ...
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Nigeria: MTN, Airtel bar 9.7 million subscribers
Two telecommunication companies have reported that 9.7 million of their subscribers are still barred from making outgoing calls despite submitting their National Identification ...
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Nigeria: Fitch Downgrades Nigeria as Interest on Debts Exceeds Govt. Revenue
Fitch Ratings has downgraded Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-‘ from ‘B’ with a stable outlook amidst macroeconomic uncertainties, noting ...
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Nigeria: NCC to Discuss December 5G Spectrum Auction at Stakeholders’ Forum
The Nigerian Communications Commission (NCC) has concluded arrangements to hold stakeholders’ forum where the proposed auction of the remaining two lots in the ...
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Nigeria: Banks charge customers N715bn for electronic transactions, others
Eleven banks charged their customers N714.61bn for electronic fees and other forms of commissions in the first nine months of 2022. According to ...
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Nigeria: CBN commits $16.9bn to forex market, other obligations in H1’22
The Central Bank of Nigeria, CBN, disbursed about $16.9 billion in its foreign exchange market interventions and statutory obligations in the first half ...
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Nigeria: Beware of online loans, data agency warns
The National Commissioner, Nigeria Data Protection Bureau, Dr Vincent Olatunji has advised Nigerians against taking loans from unregistered online platforms as some of ...