Nigeria
Nigeria: NAICOM revokes Nigeria Reinsurance’s licence over recapitalisation non-compliance
The National Insurance Commission (NAICOM) has revoked the operating licence of Nigeria Reinsurance Corporation after the company failed to meet the statutory Minimum ...
Nigeria
Nigeria: NDIC says over 98% of Nigerian bank depositors, 281 million accounts protected by deposit insurance
The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed the strength of Nigeria’s financial safety net, disclosing that more than 98 per cent of ...
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Nigeria: Interswitch, Temenos strengthen CBN collaboration on Nigeria’s banking modernisation agenda
Interswitch Group and global banking technology provider Temenos have deepened their engagement with the Central Bank of Nigeria (CBN) as part of ongoing ...
Nigeria
Nigeria: Payaza, Lebara Nigeria partner to strengthen digital payments and financial inclusion
Payaza Africa Limited has entered into a strategic partnership with Lebara Nigeria to deploy digital payment infrastructure that will support the telecommunications company’s ...
News
Nigeria: World Bank urges Nigeria, developing economies to leverage AI for accelerated economic growth
The World Bank has called on Nigeria and other developing economies to accelerate the adoption of artificial intelligence (AI), saying the technology has ...
Nigeria
Nigeria: MDU Capital receives SEC licence to operate as fund and portfolio manager
Magen Doxa Umerim (MDU) Capital Limited has received approval from the Securities and Exchange Commission (SEC) to operate as a licensed fund and ...
Nigeria
Nigeria: Federal Government directs MDAs to strengthen data protection compliance
The Federal Government has directed all Ministries, Departments and Agencies (MDAs) to reinforce their data protection and privacy practices as part of efforts ...
Nigeria
Nigeria: African Alliance submits recapitalisation plan to NAICOM following regulatory handover
African Alliance Insurance Plc has announced that it has submitted its recapitalisation plan to the National Insurance Commission (NAICOM) and is awaiting further ...
News
Nigeria’s Project BRIDGE aims to deploy 90,000km fibre network by 2030
Nigeria is taking a significant step toward strengthening its digital infrastructure with Project BRIDGE, an ambitious national initiative designed to expand broadband connectivity ...
Nigeria
Nigeria introduces 1.5% stamp duty on cryptocurrency purchases under new NRS tax rules
Buying cryptocurrencies such as Bitcoin, USDT and other virtual assets in Nigeria will now attract additional costs following the introduction of a 1.5 ...