Nigeria
Nigeria: Banks Secure N1.2 Trillion from CBN in a Single Day Amid Liquidity Crunch
Nigerian deposit money banks (DMBs) have borrowed a record N1.2 trillion from the Central Bank of Nigeria’s (CBN) Standing Lending Facility (SLF) in ...
Nigeria
Nigerian BDC Operators Advocate Capital Requirement Overhaul Amid Strong Naira Rally
The President of the Association of Bureaux De Change Operators of Nigeria (ABCON), Aminu Gwadabe, has urged the Central Bank of Nigeria (CBN) ...
Nigeria
Nigeria: CBN Introduces New Foreign Exchange Guidelines for Bureau de Change Operators
The Central Bank of Nigeria (CBN) has introduced new regulatory measures for Bureau de Change (BDC) operators, limiting their weekly foreign exchange (FX) ...
Nigeria
Nigerian Banks Move to Settle USSD Debt, Averting Disconnection
Nine Nigerian banks have taken significant steps toward settling their outstanding debts to telecommunication operators for Unstructured Supplementary Service Data (USSD) services, thereby ...
News
Nigeria: Federal Government Advances Fiscal Excellence with Revised Cash Management Policy
The Federal Government has reaffirmed its dedication to sound fiscal management and sustainable economic development through the implementation of the revised Cash Management ...
Fintech
Nigeria’s Mobile Money Transactions Hit N71.5 Trillion in 2024 Despite Regulatory Challenges
Nigeria’s mobile money sector continues to expand at an unprecedented rate, with transactions reaching N71.5 trillion in 2024, according to recent data from ...
Africa
Nigeria Set to Benefit from €150bn EU Development Fund Under Global Gateway Initiative
Nigeria is positioned as a major beneficiary of the European Union’s Global Gateway initiative, which aims to invest €150 billion in Africa’s infrastructure ...
Nigeria
Nigeria: FIRS Implements Withholding Tax System to Strengthen Compliance and Revenue Collection
The Federal Inland Revenue Service (FIRS) has officially commenced the implementation of the withholding tax system as part of efforts to enhance tax ...
Nigeria
Nigeria: PenCom Issues New Guidelines for Pension Fund Administrators’ Branch Operations
The National Pension Commission (PenCom) has released a new circular outlining the operational requirements for Licensed Pension Fund Administrators (PFAs) regarding their branches ...
Fintech
Africa: Interswitch Ignites Startup Growth with Ecosystem Innovation Mixer
Interswitch Group recently hosted the inaugural edition of its Startup Innovation Mixer at the Interswitch Innovation Hub, located within the company’s Lagos headquarters. ...