Nigeria
Nigeria: NDIC Strengthens Debt Recovery Efforts with Engagement of External Solicitors
The Nigeria Deposit Insurance Corporation (NDIC) has enlisted the support of external solicitors to enhance its debt recovery and asset realization strategies, reinforcing ...
Fintech
Nigeria: VFD Group Injects N5 Billion into V Bank to Boost Digital Banking Expansion
VFD Group has announced a strategic capital injection of N5 billion into its digital-first financial institution, VFD Microfinance Bank (V Bank). This investment, ...
Innovation
Microsoft Expands African Footprint with $1M AI Training Initiative in Nigeria
Microsoft has unveiled a $1 million initiative aimed at training one million Nigerians in artificial intelligence (AI) and digital skills over the next ...
Fintech
Nigeria Takes Legal Action Against Binance Over Alleged $81.5 Billion in Economic Damages and Tax Evasion
The Federal Inland Revenue Service (FIRS) has initiated legal proceedings against cryptocurrency exchange Binance, alleging economic losses amounting to $79.5 billion and an ...
Nigeria
Nigeria: CBN Reports Over 19.7 Million Dormant and Unclaimed Bank Accounts
The Central Bank of Nigeria (CBN) has revealed that the number of dormant bank accounts in the country has exceeded 19.69 million, based ...
Nigeria
Nigeria: CBN Slashes Treasury Bill Rates as Inflation Declines
The Central Bank of Nigeria (CBN) has significantly lowered discount rates on Nigerian Treasury bills as inflationary pressures ease, prompting heightened investor interest ...
Nigeria
Nigeria: National Assembly Endorses Federal Mortgage Bank Recapitalisation to Enhance Affordable Housing
The National Assembly has reaffirmed its commitment to supporting the recapitalisation of the Federal Mortgage Bank of Nigeria (FMBN) to strengthen the institution’s ...
Innovation
Nigeria Targets 75% Digitalization of Government Services by 2027
The National Information Technology Development Agency (NITDA) has reaffirmed its commitment to digitizing 75% of government services by 2027 through the creation of ...
Nigeria
Nigeria: NBS Reports January Inflation Rate at 24.48% Following CPI Rebasing
The National Bureau of Statistics (NBS) has announced a January 2025 inflation rate of 24.48% year-on-year, following the rebasing of the Consumer Price ...
Innovation
Nigeria: FIRS Embraces E-Invoicing to Align with Global Tax Standards
The Federal Inland Revenue Service (FIRS) has reaffirmed its commitment to digitizing Nigeria’s tax processes, emphasizing that its e-invoicing initiative aligns with global ...
