News
CBN Licenses Preferred Finance Company to Advance MSME Access to Credit
In a move aimed at deepening Nigeria’s financial inclusion and expanding access to credit for underserved enterprises, the Central Bank of Nigeria (CBN) ...
Nigeria
Nigeria Endorses BRICS Agenda on Global Security, AI Governance, and Multilateral Reforms
Nigeria has reaffirmed its commitment to inclusive global governance and regulatory cooperation, pledging full support for key BRICS priorities including peace and security, ...
Fintech
CBN Slams Paystack with ₦250 Million Fine Over Regulatory Compliance Violation in Zap Launch
The Central Bank of Nigeria (CBN) has imposed a ₦250 million fine on leading fintech company Paystack for breaching regulatory requirements in the ...
Nigeria
NCC Moves to Overhaul Two-Decade-Old Telecoms Act to Tackle AI, 5G, and Cybersecurity Gaps
In a landmark move to realign Nigeria’s telecommunications regulatory landscape with global digital trends, the Nigerian Communications Commission (NCC) has announced plans to ...
Innovation
Nigeria Seeks Stronger Trade and Tech Partnerships with Brazil to Boost Bilateral Investment
Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar, has called for a revitalized economic alliance between Nigeria and Brazil, urging both countries ...
Innovation
Nigeria’s AGF Launches Joint Cybercrime Taskforce to Bolster National Cybersecurity and Regulatory Enforcement
In a decisive move to strengthen Nigeria’s digital security and enhance regulatory enforcement against cybercrime, the Attorney General of the Federation and Minister ...
Fintech
Nigeria Set to Launch Open Banking Framework in August 2025, Pioneering Regulatory Innovation in Africa
Nigeria is poised to become the first African country to implement open banking, as the Central Bank of Nigeria (CBN) has officially approved ...
Fintech
Nigerian Crypto Firms Urged to Proceed with Caution as SEC Classifies Digital Assets as Securities Under ISA 2025
The regulatory landscape for cryptocurrencies in Nigeria is undergoing a pivotal transformation. The newly updated Investment and Securities Act (ISA) 2025 now formally ...
Nigeria
Nigeria: NDIC Disburses N46.6bn in Liquidation Dividends to Uninsured Depositors of Defunct Heritage Bank
In a significant move aimed at reinforcing depositor confidence and strengthening regulatory compliance within Nigeria’s banking sector, the Nigeria Deposit Insurance Corporation (NDIC) ...
Nigeria
Nigeria: CBN Leads Strategic Push to Reposition Nigeria’s Global Economic Influence
In a bold affirmation of Nigeria’s commitment to economic reform, institutional revitalization, and global partnerships, the Central Bank of Nigeria (CBN), in collaboration ...