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Nigeria: External Reserves Dip Ahead of CBN $1.7bn FX Backlog Payment
Ahead of a scheduled $1.7 billion foreign currencies (FX) backlog payment, Nigeria has seen its external reserves drooping for the third week amidst ...
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Nigeria: Digital Bank FairMoney Partners Oradian to Accelerate Market Growth
FairMoney, a credit-led mobile banking platform for emerging markets in Africa and Asia, has partnered with Oradian, a cloud-based core banking system, to ...
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Nigeria: PenCom approves guidelines to access retirement savings for residential mortgage
The National Pension Commission (PenCom) says it has approved guidelines for workers to get a residential mortgage using their retirement savings account (RSA). ...
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Nigeria: FIRS warns ministries, departments and agencies against contracting tax collection, enforcement to consultants
The Federal Inland Revenue Service (FIRS) has warned ministries, departments, and agencies of government (MDAs) not to hire consultants or concessionaires to collect ...
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Nigeria: FBN Insurance rebrands to Sanlam
FBN Insurance Limited has rebranded into Sanlam Life Insurance Nigeria Limited. Sanlam is one of Africa’s largest non-banking financial services companies. According to the ...
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Nigeria: CBN considers using GSI to recover Anchor Borrowers’ Programme loans from defaulters
The Central Bank of Nigeria (CBN) has warned that it may use the Global Standing Instruction (GSI) against Anchor Borrower Program (ABP) loan defaulters. Mr. ...
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Nigeria: AfDB, Islamic Development Bank, France to invest $618 million in Nigerian creatives
In a bid to boost funding for Nigerian creatives, the African Development Bank (AfDB), the Islamic Development Bank (IsDB), and the French Development ...
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Nigeria: Danbatta Applauds Media for Aiding Telecom Awareness
Professor Umar Danbatta, the Executive Vice Chairman of the Nigerian Communications Commission, has said that the level of awareness of the potentials of ...
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Nigeria: CBN $200b policy opens new windows for dollar earnings
The Central Bank of Nigeria (CBN) has said its $200 billion non-oil export revenue target policy has introduced new commodities to the market and created ...
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Nigeria: First Pension Custodian completes acquisition of Access Pension Fund Custodian
FBN Holdings Plc has announced the completion of the acquisition of 100% of the share capital of the Access Pension Fund Custodian Limited ...