News
Nigeria: Youverify Secures $2.5 Million Funding to Bolster Anti-money Laundering Compliance
Youverify, a company specializing in identity verification with offices in Lagos and San Francisco, has announced the successful completion of a pre-Series A ...
News
Nigeria: Flutterwave Appoints Dipo Fatokun as Board Chair and Tosin Faniro-Dada as Non-Executive Director
Flutterwave, a leading payments technology company in Africa, has announced the appointment of Dipo Fatokun as the new Chairman of Flutterwave Technologies Solutions ...
Nigeria
CBN Reaffirms: Banks Prohibited from Using FX Gains for Dividends or Expenses
The Central Bank of Nigeria (CBN) has reiterated its stance that deposit money banks are not permitted to utilize foreign currency gains accrued ...
Nigeria
Nigeria: CBN Directs Banks to Adhere to New Foreign Exchange Policy Reforms
The Central Bank of Nigeria (CBN) has issued a directive to all banks, emphasizing the necessity of strict compliance with recent foreign exchange ...
News
Nigeria: Pension Fund Assets Surge to N19.531 Trillion as of January 2024 – PenCom
Data released by the National Pension Commission (PenCom) indicates that Nigeria’s pension fund assets soared to N19.531 trillion as of January 31, 2024. ...
Nigeria
Nigeria: CAC Strengthens Regulations for Registered Entities to Enhance Service Standards
Hussaini Magaji, the Registrar General of the Corporate Affairs Commission (CAC), has announced that the commission is intensifying its regulatory measures on registered ...
Nigeria
Nigeria: CBN to Impose Sanctions on MfBs for Delayed or Non-Submission of Monthly Returns
The Central Bank of Nigeria (CBN) has issued a stern directive to all Microfinance Banks (MfBs), emphasizing the imperative of promptly submitting statutory ...
Nigeria
Nigeria: CBN Heightens Scrutiny on Banks’ Financial Reports to Combat Financial Crimes
The Central Bank of Nigeria (CBN) has escalated its vigilant oversight of banks to identify any infractions and ensure adherence to existing regulations, ...
News
Nigeria Teams Up with Blockchain Firm Gluwa to Drive eNaira Adoption
The Federal Government of Nigeria, in collaboration with the Central Bank of Nigeria (CBN), has joined forces with blockchain technology firm Gluwa to ...
News
Nigeria: PalmPay Introduces Two Financial Products to Foster Financial Inclusion in Nigeria
PalmPay, a fintech platform focused on Africa, has unveiled two innovative financial products aimed at enhancing financial inclusion within Nigerian communities. These products, ...