News
Nigeria: BNY Mellon and Standard Bank Launch Naira-Denominated Depositary Notes for Global Investors
Bank of New York Mellon (BNY Mellon), in collaboration with Standard Bank Group, has introduced Global Depositary Notes (GDNs) backed by Nigerian sovereign ...
Nigeria
Nigeria: FCMB Group Considers Debt-to-Equity Swap to Meet CBN’s Regulatory Forbearance Mandate
FCMB Group Plc has announced plans to explore a debt-to-equity conversion as part of a broader strategy to comply with recent directives from ...
Nigeria
Nigeria Implements New USSD Billing Framework, Telcos to Deduct Charges Directly from Airtime
Nigeria’s telecommunications sector has taken a major step toward resolving the long-standing dispute over Unstructured Supplementary Service Data (USSD) charges, with the adoption ...
News
Nigerian Stock Market Recovers as Leading Banks Clarify Compliance with CBN Forbearance Directive
The Nigerian equities market rebounded strongly on renewed investor confidence following public reassurances from key banking institutions regarding their compliance with the Central ...
Nigeria
Nigeria: Zenith Bank Targets June 2025 Exit from CBN Regulatory Forbearance, Reaffirms Capital Strength
Zenith Bank Plc, Nigeria’s largest financial institution by Tier-1 Capital, has announced its commitment to meet all regulatory requirements necessary to exit the ...
Nigeria
Nigeria: SEC Cautions Public Against Zugacoin and Samzuga GPT, Labels Them Unregistered Meme Coins
The Securities and Exchange Commission (SEC) has issued a public warning against investing in Zugacoin and Samzuga GPT, identifying both as unauthorised and ...
Nigeria
Nigeria: NIBSS Unveils ISO 20022-Compliant National Payment Stack to Power Digital Innovation
The Nigeria Inter-Bank Settlement System (NIBSS) has officially launched the National Payment Stack (NPS)—a state-of-the-art, ISO 20022-compliant digital payment infrastructure designed to transform ...
News
Nigeria: Oyedele Advocates Lower Corporate Taxes to Spur Investment and Inclusive Growth
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has reiterated the urgent need for lower corporate tax rates ...
News
Nigeria’s Bosun Tijani Elected Vice-Chair of ITU Council, Boosting Africa’s Voice in Global Tech Governance
Nigeria’s Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, has been elected Vice-Chair of the International Telecommunication Union (ITU) Council for ...
News
Nigeria: LCCI Urges Caution as NBS Inflation Report Shows Modest Decline
The Lagos Chamber of Commerce and Industry (LCCI) has responded to the latest inflation data released by the National Bureau of Statistics (NBS), ...