Nigeria
Nigeria: CBN Sets January 31 Deadline for FX Market Compliance Reports
The Central Bank of Nigeria (CBN) has directed all participants in the foreign exchange market to submit compliance reports on their adherence to ...
Nigeria
Nigeria: CBN Sets January 31 Deadline for FX Compliance Reports
The Central Bank of Nigeria (CBN) has issued a directive requiring participants in the foreign exchange (FX) market to submit compliance reports on ...
News
Nigeria: NCC, Telcos Hold Firm on USSD Debt Deadline for Banks
The Nigerian Communications Commission (NCC) and telecommunications companies have reiterated that there will be no extension to the deadline for banks to settle ...
News
Nigeria: Interbank Rates Decline Amid Surplus Liquidity in Nigeria’s Banking System
Interbank funding rates have continued their downward trend, driven by a substantial liquidity surplus within Nigeria’s financial system. The money market opened the ...
Nigeria
Nigeria: Telcos Await NCC Guidelines for 50% Tariff Hike Implementation
Telecommunications operators in Nigeria are awaiting the Nigerian Communications Commission (NCC) to release detailed guidelines for implementing the recently announced 50% tariff hike. ...
News
Nigeria: SEC Warns Public Against Transactions with Risevest and Stecs
The Securities and Exchange Commission (SEC) has issued a warning to the public against engaging in investment transactions with Risevest (Victoria Island) Cooperative ...
Fintech
Nigeria: Moniepoint Breach: N1.1 Billion Stolen in Dark Web Operation
Moniepoint Microfinance Bank has suffered a significant cybersecurity breach, with over N1.1 billion reportedly stolen through a sophisticated dark web operation orchestrated by ...
News
Nigeria’s Central Bank Establishes Compliance Department to Enhance Financial Sector Transparency
In a decisive move to bolster transparency and accountability in Nigeria’s financial sector, the Central Bank of Nigeria (CBN) has announced the establishment ...
Innovation
Nigeria: NESG Unveils 2025 Macroeconomic Outlook Report
The Nigerian Economic Summit Group (NESG) has launched its 2025 Macroeconomic Outlook Report under the theme, “Stabilisation in Transition: Rethinking Reform Strategies for ...
News
Nigeria’s Collective Investment Schemes Surpass ₦3 Trillion
The Securities and Exchange Commission (SEC) has announced that the value of collective investment schemes (CIS) in Nigeria has exceeded ₦3 trillion as ...