Nigeria
Nigeria: CBN and SEC Approve Ecobank’s Custody Business Launch in Nigeria
Ecobank Nigeria Limited has secured approvals from both the Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN) to launch ...
Nigeria
Nigeria to Introduce New Tax Laws and Crypto Licensing to Regulate $400M Cryptocurrency Market
Dr. Zacch Adedeji, Chairman of Nigeria’s Federal Inland Revenue Service (FIRS), has announced plans to introduce a bill aimed at establishing new tax ...
Nigeria
Nigeria Records Unprecedented Remittance Inflows: CBN Reports $553 Million in July 2024
The Central Bank of Nigeria (CBN) has announced a historic surge in remittance inflows, reporting a record-breaking $553 million in July 2024. This ...
Nigeria
Nigeria: Stripe Introduces Naira Payment Option for U.S. Merchants in Nigeria
Stripe, the global financial infrastructure provider, has unveiled a new feature that enables its U.S.-based merchants to accept payments in Nigeria’s local currency, ...
Nigeria
Nigeria: Stakeholders Advocate for Compliance-Driven Crypto Regulation in Nigeria
While acknowledging the government’s concerns, industry experts agree that a balanced regulatory approach could yield more effective results for Nigeria’s cryptocurrency sector. Local ...
Africa
Africa: AfDB’s AfriCircular Innovators Programme Selects 30 African SMEs to Propel Circular Economy Growth
The African Development Bank (AfDB)-backed AfriCircular Innovators Programme has chosen 30 Small and Medium Enterprises (SMEs) from Cote d’Ivoire, Ghana, and Rwanda to ...
Africa
Africa: Binance Introduces Mobile Money Trading for Crypto in Ghana, Uganda, and Zambia
Binance has announced the integration of mobile money deposits and withdrawals for cryptocurrency trading in Ghana, Uganda, and Zambia. This initiative is part ...
Nigeria
Nigeria: NGX RegCo Endorses FRC on New Sustainability Reporting Standards
Olufemi Shobanjo, Chief Executive Officer of NGX Regulation Limited (NGX RegCo), has praised the Financial Reporting Council of Nigeria (FRC) for its leadership ...
News
Nigeria: Anticipated US Rate Cut Sparks Interest in Nigerian Bonds
Analysts have noted that growing anticipation of a potential interest rate cut by the United States Federal Reserve in September is fueling interest ...
News
Nigeria: Naira Declines Amid FX Outflows and Falling External Reserves
The naira experienced a significant depreciation in the foreign exchange (FX) market due to heightened demand for the US dollar to support economic ...