News
Nigeria: ‘81 % of Nigerians lack meaningful internet connectivity’
Only 12.1 per cent of the Nigerian population currently enjoys Internet services (Meaningful Connectivity) quality in the country. This is according to an ...
News
Nigeria: FIRS to Begin Recovery of Unremitted Tax Deductions by States, Local Govts
The Federal Inland Revenue Service (FIRS) has stated that it will commence the process of enforcement and recovery of unremitted tax deductions owed ...
News
Nigeria: CBN Tightens Monitoring of Discos’ Utilisation of Intervention Funds
The Central Bank of Nigeria (CBN) has embarked on a tour of the power Distribution Companies (Discos) to monitor and evaluate how the ...
News
Nigeria: Banks tighten forex access as reserves hit seven-month low
The country’s external reserves hit a seven-month low after falling to $38.57bn as of May 25, 2022, figures obtained from the Central Bank ...
News
Nigeria: CBN Asks Banks to Support Companies to Drive FX Inflow
As dollar scarcity continues to bite, the Central Bank of Nigeria (CBN) has urged Nigerian banks to support indigenous companies in order to ...
News
Nigeria: SEC DG says efficient markets demand regular assessment of policies
The efficient functioning of capital markets in the West African Region demands a regular assessment of policies and programs to fit current realities and address the ...
News
Nigeria: MTN Nigeria appoints Mazen Mroue as Non-Executive Director
The board of MTN has approved the appointment of Mazen Mroue as a non-executive director of the company effective from 1st June 2022. ...
News
Nigeria: CBN defends naira with $3.36bn in two months
The Central Bank of Nigeria injected $3.36bn into the foreign exchange market in two months as part of efforts to ensure the stability ...
News
Nigeria: CBN sets criteria for Credit Risk Management System enrolment
The Central Bank of Nigeria (CBN) has set criteria to be met by Other Financial Institutions (OFIs) to qualify for enrollment onto the ...
Innovation
Nigeria: NCC licenses Elon Musk’s Starlink to provide internet service in Nigeria
Nigeria has approved Elon Musk’s Starlink, a satellite internet constellation operated by SpaceX, providing satellite Internet access coverage to 32 countries where its ...