Nigeria
Nigeria: Edun Pledges Review of Capital Gains Tax to Strengthen Investor Confidence and Economic Growth
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has reaffirmed the Federal Government’s commitment to review provisions of ...
Nigeria
Nigeria: NDIC Reiterates Two-Week Deadline for Banks to Resolve Customer Complaints
The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its directive requiring all deposit money banks to resolve customer complaints within two weeks, emphasizing ...
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Nigeria: Equinix Unveils Plans for $22 Million Data Centre in Lagos to Boost West Africa’s Digital Infrastructure
Global digital infrastructure leader Equinix has announced plans to establish a new $22 million data centre in Lagos, marking its first greenfield facility ...
Nigeria
Nigeria: LCFE, PENCOM Forge Path for Pension Fund Investments in Gold-backed Securities
The Lagos Commodities and Futures Exchange (LCFE), and National Pension Commission (PenCom), have announced plans to explore strategies for expanding investment opportunities in gold-backed securities through Nigeria’s ...
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Nigeria: Standard Chartered Phases Out Personal Banking, Introduces Emerging Affluent Segment with New Minimum Balance Rule
Standard Chartered Bank has announced a major shift in its retail banking strategy, confirming that customers will be required to maintain a minimum ...
Nigeria
Nigeria: ALTON Calls for Clearer Regulatory Boundaries in Nigeria’s Digital Economy Bill
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has urged the National Assembly to ensure clarity, collaboration, and regulatory harmony in the ...
Nigeria
Nigeria: Laws strengthen bank-failure prosecution, says NDIC boss
The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation, Mr Thompson Sunday, has stated that the new laws have strengthened the corporation’s ...
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Nigeria: National Payment Stack Records First Live Transaction, Signaling New Era in Nigeria’s Digital Payments
Nigeria has recorded the first live transaction on the National Payment Stack (NPS), marking a significant milestone in the country’s transition to a ...
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Nigeria: NAICOM to Commence Feedback on Review of Operators’ Plans
The commissioner for Insurance, Mr Olusegun Ayo Omosehin has given an update on the insurance sector’s preparation for the on going recapitalisation exercise ...
Nigeria
Nigeria: CBN Mops Up N11.43trn via T-Bills as 91-Day Rate Slides to 15.3%
In a bid to amid stabilise liquidity and manage inflationary pressures within the economy, the Central Bank of Nigeria (CBN), mopped up an estimated ...