Nigeria
Nigeria: Payaza Secures N50 Billion Commercial Paper Approval from FMDQ
In a landmark financial achievement, Payaza, a leading African financial services provider, has received approval from FMDQ Exchange for a N50 billion Commercial ...
Nigeria
Nigeria: PenOp to Introduce New Pension Service Providers
The Pension Fund Operators Association of Nigeria (PenOp) has announced plans to introduce four pension service solution providers starting April 1, 2025. This ...
Nigeria
Nigeria: CBN Ramps Up FX Sales to Defend Naira Amid Market Pressures
The Central Bank of Nigeria (CBN) intensified its efforts to stabilize the naira by conducting aggressive forex interventions over four consecutive trading days. ...
Nigeria
Nigeria: CBN Approves Weekly $25,000 FX Purchases for BDCs to Address Yuletide Demand
The Central Bank of Nigeria (CBN) has granted Bureau de Change (BDC) operators temporary access to purchase up to $25,000 in foreign exchange ...
Nigeria
Nigeria: CBN Temporarily Opens FX Window for BDC Operators at NFEM Rate
The Central Bank of Nigeria (CBN) has introduced a temporary window allowing Bureau de Change (BDC) operators to access US dollars at the ...
Nigeria
Nigeria: CBN Imposes Daily Cash Transaction Limit of N100,000 for POS Agents
The Central Bank of Nigeria (CBN) has introduced a daily cash transaction limit of N100,000 per customer for Point-of-Sale (POS) agents as part ...
Africa
African Nations Unite to Establish Continental Credit Rating Agency
Several African nations, including Nigeria, have announced plans to create a continental credit rating agency to address perceived biases in ratings from major ...
Nigeria
Nigeria: Nigerian Capital Market Positioned to Propel $1 Trillion Economy – SEC
The Nigerian capital market is strategically positioned to support the Federal Government’s ambitious agenda of transforming the national economy into a $1 trillion ...
Nigeria
Nigeria: Nigerian Capital Market Positioned to Propel $1 Trillion Economy – SEC
The Nigerian capital market is strategically positioned to support the Federal Government’s ambitious agenda of transforming the national economy into a $1 trillion ...
Nigeria
Nigeria: Jaiz Bank Meets CBN’s Revised Capital Requirement, Strengthens Leadership in Ethical Banking
Jaiz Bank Plc, Nigeria’s leading non-interest financial institution, has successfully met the new minimum capital requirements set by the Central Bank of Nigeria ...
