News
Nigeria Achieves $6.83bn Balance of Payments Surplus in 2024 – CBN
The Central Bank of Nigeria (CBN) has reported a significant Balance of Payments (BOP) surplus of $6.83 billion for the 2024 fiscal year, ...
News
Nigeria: CBN Raises Interest Rates on Treasury Bills Amid Strong Investor Demand, Falls Short on Allotment
The Central Bank of Nigeria (CBN), in collaboration with the Debt Management Office (DMO), has increased interest rates on Nigerian Treasury Bills (NTBs) ...
Fintech
Nigerian Banks Invest ₦269 Billion in Tech Upgrades Amid Rising Fintech Competition and Regulatory Pressure
In a bold move to modernize operations and stay ahead in an increasingly digital financial ecosystem, six major Nigerian banks collectively spent ₦268.7 ...
Nigeria
Nigeria: CBN Deploys $669 Million in Q1 2025 to Stabilize Naira Amid Forex Market Pressures
In a bold effort to shield the Naira from further volatility, the Central Bank of Nigeria (CBN) intervened in the foreign exchange (FX) ...
Fintech
Global: JP Morgan Set to Secure Merchant Banking License in Nigeria, Accelerates African Expansion
Global banking leader JP Morgan is reportedly advancing plans to transform its Lagos representative office into a fully licensed merchant banking operation, signaling ...
Nigeria
Nigeria: ISA 2025 Set to Accelerate Economic Growth and Capital Market Innovation — SEC
The Securities and Exchange Commission (SEC) has described the upcoming Investments and Securities Act (ISA) 2025 as a transformative legislative framework poised to ...
Fintech
Nigeria: Sterling Bank Launches Zero-Transfer Fee Initiative, Reinforces Commitment to Digital Banking Inclusion
In a strategic move to redefine digital banking in Nigeria, Sterling Bank has introduced a zero-transfer fee policy on all local online transactions, ...
Nigeria
Nigeria: SEC Warns Ponzi Scheme Operators: 10-Year Jail Term, N20 Million Fine Under New Law
The Securities and Exchange Commission (SEC) has declared that individuals and entities promoting or operating Ponzi schemes now face a minimum fine of ...
Nigeria
Nigeria: NESG Advocates VAT Increase to Sustain Government Revenue Amid Tax Reforms
The Nigeria Economic Summit Group (NESG) has urged the Federal Government to increase the Value-Added Tax (VAT) rate as part of its ongoing ...
Fintech
Nigeria: PayZeep Expands Fintech Solutions to Drive Nigeria’s Digital Payment Transformation
Nigerian fintech innovator PayZeep is reinforcing its commitment to advancing digital payments and expanding financial access as part of Nigeria’s evolving fintech landscape. ...
