Nigeria
Nigeria: FCCPC Warns PoS Operators Against Price Fixing, Threatens Jail Term
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a stern warning to Point of Sale (PoS) operators, cautioning them against engaging ...
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Nigeria: CBN MPC Meeting- Market Focuses on Acting Governor Shonubi for Interest Rate Decision
Amidst economic uncertainty, all attention is directed towards the acting Central Bank of Nigeria (CBN) Governor, Fola Shonubi, as the Monetary Policy Committee ...
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Nigeria: Fitch Predicts Nigeria’s Inflation to Average 25.1% in 2023 Amid Economic Reforms and Rising Poverty Rates
Fitch Solutions, a renowned provider of credit, debt market, country, and industry risk research, has projected that Nigeria’s short-term economic outlook will be ...
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Nigerian Central Bank Enhances eNaira with NFC Technology for Contactless Payments
Despite recent changes in leadership, the Central Bank of Nigeria (CBN) remains steadfast in its commitment to the central bank digital currency (CBDC) ...
Nigeria
Nigerian Government Cracks Down on Illegal Loan Apps and Delists Non-Compliant Ones
The Nigerian Federal Government, through the Federal Competition and Consumer Protection Commission (FCCPC), has taken decisive action against illegal loan apps operating in ...
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Uganda’s Bankers Association and Visa Join Forces to Accelerate Contactless Digital Payments
The Uganda Bankers Association (UBA) has joined hands with global digital payments leader Visa to launch a collaborative program aimed at accelerating contactless ...
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Nigeria’s NICTIB Project Drives Rural Financial Inclusion, but Inter-Bank Transfers Remain a Challenge
The Nigeria National Information and Communication Technology Infrastructure Backbone (NICTIB) Project has been instrumental in advancing financial inclusion in rural communities across Nigeria ...
Nigeria
Nigeria: SERAP Files Lawsuit Against CBN Over Unlawful Social Media Handling Regulations
The Socio-Economic Rights and Accountability Project (SERAP) has taken legal action against the Central Bank of Nigeria (CBN) for failing to remove unlawful ...
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Nigeria: Experts Warn CBN Against Further MPR Increase, Advocate for Low-Interest Rates
Financial experts have issued a cautionary warning to the Central Bank of Nigeria (CBN) against raising the Monetary Policy Rate (MPR) further to ...
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Nigerian Government Plans Tax Streamlining, Renames FIRS to Nigeria Revenue Service
The Federal government of Nigeria aims to enhance ease of doing business, transparency, and efficiency in revenue collection by reducing the number of ...