News
Nigeria: FBN Holdings Appoints Wale Oyedeji as Group Managing Director
FBN Holdings Plc, one of Nigeria’s foremost financial institutions, has named Adebowale Wale Oyedeji as its new Group Managing Director (GMD), effective from ...
Nigeria
Nigeria: Federal Government Proposes 5% Tax on Telecom Services and Other Sectors
The Federal Government of Nigeria has put forward a proposal to introduce a 5% excise duty on telecommunications services, gaming, and betting activities ...
Africa
Africa: Interswitch Advocates for Innovative Local Currency Payment Solutions
Interswitch Group, a leading payments and digital commerce company, has highlighted the urgent need to develop local currency payment solutions to foster inclusive ...
News
Nigerian Businesses Face 2,560 Weekly Cyberattacks, Reports CSCS
The Federal Government has emphasized the need for robust cybersecurity infrastructure to support Nigeria’s growing digital economy, following a disclosure by the Central ...
Nigeria
Nigeria: Capital Expenditure Drops by 25% Despite Concurrent Budgets – CBN
Nigeria’s capital expenditure (CAPEX) for the first half of 2024 dropped by 25.3% to N1.99 trillion, down from N2.68 trillion in the corresponding ...
Nigeria
Nigeria: Investor Confidence Relies on Capital Market Integrity – SEC DG
Dr. Emomotimi Agama, Director General of the Securities and Exchange Commission (SEC), has reaffirmed the commission’s commitment to ensuring a secure and resilient ...
Regulatory
SA: FSCA Revokes Banxso’s Licence Over Unrealistic Return Promises in South Africa
The Financial Sector Conduct Authority (FSCA) of South Africa has revoked the licence of Banxso, a trading platform, following concerns over unrealistic promises ...
News
Nigeria: Intelsat Launches CellBackhaul in Nigeria to Strengthen Africa’s Connectivity Infrastructure
Intelsat has unveiled its CellBackhaul solution in Nigeria as part of a larger initiative to enhance connectivity across Africa. This new solution will ...
Nigeria
Nigeria: Building a Resilient Central Bank — Cardoso
Amid multiple economic crises, the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reaffirmed his commitment to strengthening the ...
News
Nigeria’s High Interest Rates Likely to Persist, Says World Bank
The World Bank has projected that Nigeria, alongside Angola and Sierra Leone, will continue to experience high interest rates for an extended period ...