Nigeria
Nigeria: Banks, Fintechs Flag Over 82,000 Suspicious Transactions to NFIU in 2024
Nigeria’s financial institutions reported 82,143 suspicious transactions to the Nigerian Financial Intelligence Unit (NFIU) in 2024, reflecting heightened vigilance against money laundering, terrorism ...
Nigeria
Nigeria: CBN Warns Against Return to Intervention Policies Amid Push for Stability
Governor of the Central Bank of Nigeria, Olayemi Cardoso, has cautioned against renewed calls for the apex bank to return to large-scale intervention ...
Nigeria
Nigeria: NCC Seeks Stronger Judicial Support to Address Telecom Infrastructure Attacks
The Nigerian Communications Commission has called for deeper collaboration with the National Judicial Institute to address growing legal and security challenges affecting Nigeria’s ...
Nigeria
Nigeria: CBN Urges States to Reduce Dependence on Overdrafts Amid Inflation Targeting Shift
The Central Bank of Nigeria has called on state governments to reduce their dependence on overdrafts and short-term borrowing, warning that weak fiscal ...
Nigeria
Nigeria: Accountability Must Extend Beyond the CBN – Bad Loans
Growing calls for mass sackings of bank directors over rising non-performing loans and suspended dividend payments may appear decisive, but they risk oversimplifying ...
Nigeria
Nigeria: CBN Tightens Banking Oversight After N4.65tn Recapitalisation Drive
The Central Bank of Nigeria has signalled a tougher regulatory stance following the successful completion of the banking sector recapitalisation exercise, which saw ...
News
Nigeria: Stanbic IBTC wins continental award
Nigeria’s Stanbic IBTC Insurance Limited has solidified its position as a continental leader in the financial services sector after being named the overall ...
Nigeria
Nigeria: CBN Reforms Strengthen Nigeria’s Shock Absorption Capacity
Nigeria’s economy is navigating a period of heightened global uncertainty, with external pressures—from geopolitical tensions in the Middle East to tightening global financial ...
News
Nigeria: Credit Bureau CEO Puts Nigeria’s SME Financing Gap at $32.3bn
Nigeria’s small and medium-sized enterprises (SMEs) face an estimated $32.3 billion financing gap, underscoring persistent constraints in access to credit despite the sector’s ...
Nigeria
Nigeria: Tax Ombud promises fair, tax dispute resolution
The Office of the Tax Ombud has reaffirmed its role as an independent and neutral platform for resolving disputes between taxpayers and revenue ...