Nigeria
Nigeria: Access Holdings to acquire indirect equity stake in Sigma Pensions
The National Pension Commission (PENCOM) and the Federal Competition and Consumer Protection Commission (FCCPC) have approved the proposed acquisition by First Guarantee Pension Limited (FGPL) and First ...
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Nigeria: CBN Approves Dollar Sales By Payment Service Banks
The Central of Nigeria (CBN) has released supervisory framework for Payment Service Banks. The framework among other things empowered the PSB operators to ...
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NIBSS: Mobile transfers by bank customers hit N12.8 trillion in 9 months
The Nigeria Inter-Bank Settlement System (NIBSS) has revealed that bank customers in Nigeria transferred a total of N12.8 trillion over mobile devices between January and ...
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Nigeria: Union Bank gets notification for mandatory takeover by Titan Trust Bank
Union Bank of Nigeria Plc has notified its shareholders and the Nigerian Exchange Limited that it has received a Mandatory Takeover Offer (MTO) from Titan Trust Bank ...
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Nigeria: UBA reports N116 billion profit in Q3 2022
United Bank for Africa Plc has released its interim consolidated and separate financial statement for the third quarter period that ended September 31, 2022. ...
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Nigeria: Islamic Development Bank Approves $1.8bn Financing for Nigeria
The Islamic Development Bank (IsDB) has approved a total financing of $1.8 billion for Nigeria, as the country becomes the fourth largest shareholder ...
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Nigeria: Bank directors seek end to regulation affecting profit
Bank Directors Association of Nigeria has said payment of deposit insurance premium on the funds sterilised at the Central Bank of Nigeria as ...
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Nigeria: Telecom Contributes $70bn to Nigeria’s GDP – Danbatta
Executive Vice Chairman of Nigerian Communications Commission (NCC), Prof. Umar Danbatta said technology-driven telecommunications industry has contributed $70 billion to Nigeria’s economy. He ...
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Trapped Funds: CBN to release $120 million to foreign airlines — Emefiele
Some foreign airlines under the IATA have been in a running battle with the Nigerian government over the inability to repatriate $464 million ...
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Nigeria: PenOP seeks adoption of AI, big data to promote sector’s growth
The Pension Fund Operators Association of Nigeria (PenOp) has urged pension operators to adopt the usage of Artificial Intelligence (AI) and big data ...