Nigeria
Nigeria: ABCON Urges CBN to Reassess Capital Requirements for BDCs
Aminu Gwadabe, President of the Association of Bureaux De Change Operators of Nigeria (ABCON), has called on the Central Bank of Nigeria (CBN) ...
Nigeria
Nigeria: Telcos Set to Implement 50% Tariff Hike Next Month
Telecom operators have announced that they are preparing to roll out new tariffs in line with the 50% increase approved by the Federal ...
Nigeria
Nigeria: SEC Vows to Bridge the Financial Gap for Women
At the She’s Included Gender Inclusion Conference and Summit 2025—under the banner “Breaking Barriers, Building Resilience for Sustainable Economic and Financial Inclusion”—the Securities ...
Nigeria
Nigeria: MTN Spends N11bn on Fibre Repairs, Highlighting Infrastructure Challenges
MTN Nigeria, the country’s largest telecom operator, has expended N11.1 billion on repairing and relocating 2,502km of fibre-optic cables over the past two ...
Nigeria
Nigerian Exchange Sees N1.06 Trillion Growth as FCMB, LASACO List New Offers
The Nigerian Exchange (NGX) recorded a significant gain of N1.06 trillion following the supplementary listings of FCMB Group Plc and LASACO Assurance Plc. ...
Nigeria
Nigeria: NIMC Endorses FIC Professionals Network Plc for the ID4D Ecosystem Enrolment Service
The National Identity Management Commission (NIMC) has granted approval for FIC Professionals Network Plc to join the Identity for Development (ID4D) Ecosystem Enrolment ...
Nigeria
Nigeria Loses 24.6 Million Internet Subscribers in One Year
Between December 2023 and December 2024, Nigeria saw a dramatic drop in active internet users—from 163.8 million down to 139.2 million—according to the ...
Nigeria
Nigeria: NAICOM Introduces New Regulatory Guidelines for Annuity Business
The National Insurance Commission (NAICOM) has announced updated regulatory requirements for life insurance companies offering annuity products across the country. An annuity is ...
Nigeria
Global: CBN Projects Diaspora Remittances to Reach N31.787 Trillion
The Central Bank of Nigeria (CBN) has forecasted that diaspora remittances will surge to N31.787 trillion when the fourth-quarter 2024 data is released. ...
Nigeria
Nigeria: CBN Enforces Instant Debits on Banks Receiving Fraudulent Funds to Curb Financial Crime
In a decisive effort to combat financial fraud, the Central Bank of Nigeria (CBN) has mandated the Nigeria Inter-Bank Settlement System (NIBSS) to ...