Nigeria
Nigeria: Bridging Financial Inclusion Gaps Could Lift 700,000 Nigerians Out of Poverty – SEC DG
The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has emphasized that narrowing the financial inclusion gender gap could ...
News
Nigeria: Naira Gains Ground Amid CBN Intervention and Renewed Foreign Portfolio Inflows
The Nigerian naira appreciated marginally at the official foreign exchange window last week, trading at ₦1,547/$, up from ₦1,549/$, bolstered by targeted interventions ...
News
Nigeria: ATM Usage Declines as POS Transactions Soar to N223 Trillion in 2024
The adoption of Point-of-Sale (POS) platforms for financial transactions surged dramatically in 2024, with the total transaction value hitting N223.27 trillion, according to ...
Nigeria
Nigeria: UBA’s Alawuba Calls for Judicial Reforms to Strengthen Nigeria’s Financial Stability
Oliver Alawuba, Group Managing Director of United Bank for Africa (UBA) Plc and Chairman of the Body of Bank CEOs, has called for ...
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 ...