Global

Global: China, Nigeria Extend $2bn Currency-Swap Deal

China and Nigeria have renewed a 15 billion yuan ($2 billion) currency-swap agreement to enhance trade, investment, and financial collaboration between the two ...

By Regtech AfricaDecember 28, 20240

Nigeria

Nigeria: CBN Approves Sterling HoldCo’s N75bn Capital Injection

The Central Bank of Nigeria (CBN) has granted approval for the N75 billion additional capital raised by Sterling Financial Holdings Company (Sterling HoldCo), ...

By Regtech AfricaDecember 28, 20240

Nigeria

Nigeria, Others Lose $1.6bn Daily to Illicit Financial Flows – AfDB

Africa is losing approximately $1.6 billion daily due to illicit financial flows (IFFs) and profit shifting by multinational corporations operating on the continent, ...

By Regtech AfricaDecember 28, 20240

Nigeria

Nigeria: MTN, NTEL Spectrum Lease Extension to Enhance Nigeria’s 3G and 4G Coverage

The Nigerian Communications Commission (NCC) has approved the renewal and expansion of the spectrum lease agreement between MTN Nigeria Communications Plc and Natcom ...

By Regtech AfricaDecember 27, 20240

News

Nigeria: Telecom Operators Suffer N35.4bn Loss Due to Fibre Cable Cuts in 2023

The Nigerian telecommunications sector faced significant challenges in 2023, with operators reporting losses of at least ₦35.4 billion (approximately $23 million) due to ...

By Regtech AfricaDecember 27, 20240

News

Nigeria: Stanbic IBTC Facilitates $2 Billion FX Inflows into Nigeria

Stanbic IBTC Bank has reinforced its position as Nigeria’s leading bank for capital importation, accounting for a significant 28.30% of total foreign capital ...

By Regtech AfricaDecember 27, 20240

News

Togo Secures Additional $58 Million Loan from IMF

Togo has gained access to a $58.7 million loan from the International Monetary Fund (IMF) following the completion of the first review under ...

By Regtech AfricaDecember 27, 20240

Nigeria

Nigeria: Naira Strengthens to N1537 after CBN Sells $40m to Banks

The naira appreciated to N1,537 per US dollar in the official foreign exchange market on Tuesday following the Central Bank of Nigeria’s (CBN) ...

By Regtech AfricaDecember 26, 20240

News

Global: Egypt Secures $1.2 Billion IMF Loan Agreement

Egypt has reached a staff-level agreement with the International Monetary Fund (IMF) on the fourth review of the Extended Fund Facility (EFF), paving ...

By Regtech AfricaDecember 26, 20240

Nigeria

Nigeria: Access Bank Surpasses Recapitalisation Deadline, Exceeds New Capital Requirement

Access Bank, a subsidiary of Access Holdings Plc and Nigeria’s largest lender by total assets, has successfully exceeded the Central Bank of Nigeria’s ...

By Regtech AfricaDecember 26, 20240

Global: China, Nigeria Extend $2bn Currency-Swap Deal

Nigeria: CBN Approves Sterling HoldCo’s N75bn Capital Injection

Nigeria, Others Lose $1.6bn Daily to Illicit Financial Flows – AfDB

Nigeria: MTN, NTEL Spectrum Lease Extension to Enhance Nigeria’s 3G and 4G Coverage

Nigeria: Telecom Operators Suffer N35.4bn Loss Due to Fibre Cable Cuts in 2023

Nigeria: Stanbic IBTC Facilitates $2 Billion FX Inflows into Nigeria

Togo Secures Additional $58 Million Loan from IMF

Nigeria: Naira Strengthens to N1537 after CBN Sells $40m to Banks

Global: Egypt Secures $1.2 Billion IMF Loan Agreement

Nigeria: Access Bank Surpasses Recapitalisation Deadline, Exceeds New Capital Requirement

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