Nigeria
Nigeria: CBN Maintains Policy Rates Amid Global Uncertainty and Domestic Inflation Challenges
In response to persistent global economic turbulence and complex domestic inflation dynamics, the Central Bank of Nigeria (CBN) has opted to maintain its ...
Nigeria
Nigeria: NIMC Confirms Full Migration of Telecom Operators to Upgraded NIN Verification Platform
The National Identity Management Commission (NIMC) has announced the successful migration of all telecommunications operators in Nigeria to its upgraded National Identification Number ...
Nigeria
Nigeria: Afriex Expands Cross-Border Payment Services into China, India, and Pakistan
Afriex, a fast-growing money transfer startup headquartered in Lagos and San Francisco, has announced its expansion into Asia’s three largest remittance corridors—China, India, ...
Nigeria
Nigeria: NCC Calls for Unified Legal and Governmental Collaboration to Drive Nigeria’s Digital Transformation
The Nigerian Communications Commission (NCC) has called for stronger collaboration between government institutions and the legal community to effectively drive Nigeria’s digital transformation ...
Nigeria
Nigeria: FIRS Halts Issuance of Tax Exemption Certificates to Pioneer Firms, NGOs, and Others
The Federal Inland Revenue Service (FIRS) has officially discontinued the issuance of tax exemption certificates across all taxpayer categories, including pioneer status companies, ...
Nigeria
Nigeria: CAC Set to Delist More Non-Compliant Companies
The Corporate Affairs Commission (CAC) has initiated a fresh round of company delistings as part of its ongoing efforts to enforce compliance with ...
News
Nigeria: MTN Nigeria Battles Over 13,000 Fibre Cuts in 18 Months, Loses Billions to Network Disruptions
MTN Nigeria has revealed that it experienced more than 13,700 incidents of fibre cuts between January 2023 and June 2024, severely disrupting its ...
Nigeria
Nigeria: Banks, Insurers to Report Monthly Transactions Exceeding N25m to Tax Authorities
Beginning January 2026, banks, insurance companies, and other financial institutions in Nigeria will be required to report monthly financial transactions exceeding N25 million ...
News
Nigeria: NGX Market Capitalisation Surges Past ₦85tn as Investors Anticipate Q2 Earnings
The Nigerian Exchange Limited (NGX) extended its bullish run in H1 2025, adding ₦22.14tn to its market capitalisation to close at ₦85.46tn by ...
News
Nigerian Banks’ H2 Outlook Hinges on Recapitalisation Drive and Dividend Sustainability
The performance of Nigerian banks in the second half of 2025 is expected to be shaped largely by their progress in meeting recapitalisation ...