Nigeria
Nigeria: CBN: Driving Economic Growth Through Financial Market Stability
The year 2024 will be remembered as a challenging one for Nigerians, marked by a 34.6% inflation rate that strained the socio-economic well-being ...
Nigeria
Nigeria: CBN Reports Drop in FX Utilisation Amid Decline in Invisible Transactions
The Central Bank of Nigeria (CBN) has reported a significant reduction in foreign exchange (FX) utilization during the third quarter of 2024, primarily ...
Nigeria
Nigeria: Telecom Tariffs Hike Won’t Reach 100%, Minister Assures
The Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, has clarified that upcoming telecom tariff increases will not reach the 100% ...
Nigeria
Nigeria: SEC Enhances Investigative Processes, Intensifies Focus on Insider Trading
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to investor protection and strengthening the Nigerian capital market through revamped investigative and ...
Nigeria
Nigeria: NCC, Telcos to Channel Tariff Hike Revenue into Infrastructure Upgrades
Nigerian mobile network operators have committed to utilizing proceeds from a proposed 100% tariff increase for significant infrastructure upgrades and service quality improvements. ...
Nigeria
Nigeria: Decline in FX Utilisation Driven by Lower Invisible Transactions
Foreign exchange (FX) demand in Nigeria dropped in the third quarter of 2024, primarily due to a notable decrease in invisible transactions, according ...
Nigeria
Nigeria: SEC Reinforces Commitment to Fraud-Free Market in 2025
The Securities and Exchange Commission (SEC) has renewed its commitment to eradicating Ponzi and pyramid schemes in Nigeria. In 2025, the SEC aims ...
News
Nigeria: IMTO Inflows Surge by 63.7% in Nine Months – CBN
The Central Bank of Nigeria (CBN) has reported a 63.7% rise in inflows from International Money Transfer Operators (IMTOs) during the first nine ...
Nigeria
Nigeria: CBN, SEC Approve GTCO’s N209bn Equity Capital Raise
Guaranty Trust Holding Company Plc (GTCO) has obtained approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) ...
Nigeria
Nigeria: Banks’ Credits to Private Sector Surge to N76 Trillion
Credit to the Private Sector (CPS) experienced a significant 27.3% year-on-year increase, reaching N75.96 trillion in November, as revealed by the Central Bank ...