Nigeria
Nigeria: NCC Announces Deactivation of Unlinked SIM Cards by End of February
The Nigerian Communications Commission (NCC) has declared that SIM cards not linked to National Identity Numbers (NIN) will be deactivated by the conclusion ...
Nigeria
Nigeria: CBN Introduces Revised Consumer Protection Regulations
The Central Bank of Nigeria (CBN) has unveiled an exposure draft on Revised Consumer Protection Regulations, signaling a proactive response to the dynamic ...
Nigeria
Nigeria: CBN’s FX Regulation to Impact Banks’ Profitability in the Short Term says Moody’s
Moody’s Ratings has cautioned that the Central Bank of Nigeria’s (CBN) recent foreign currency regulations are poised to exert pressure on banks’ profitability ...
Nigeria
Nigeria: House of Representatives to Probe Banks’ Non-Adherence to 24-Hour FX Sell Down Directive
The House of Representatives has announced plans to investigate banks and financial institutions for non-compliance with directives from the Central Bank of Nigeria ...
Nigeria
Nigeria: NIBSS Reports Surge in Cashless Transactions to N611 Trillion
The Nigeria Inter-Bank Settlement System (NIBSS) announced on Wednesday a significant rise in cashless transactions in the country, reaching a total of N611.06 ...
Nigeria
Nigeria: United Capital Endorses CBN’s Collaborative Approach with Stakeholders
United Capital Group, an asset management firm, has voiced its support for the Central Bank of Nigeria’s decision to engage stakeholders in future ...
Nigeria
Nigeria: CBN Implements Comprehensive Strategy to Tackle Forex Crisis, Says Cardoso
In the face of challenges stemming from a scarcity of dollars, the Central Bank of Nigeria (CBN) has assured the public that it ...
Nigeria
Nigeria: NCC Urges States to Reduce Telecom Taxes to Boost Industry Growth
The Nigerian Communications Commission (NCC) is calling on states and local government councils nationwide to reconsider the taxes imposed on telecom companies, warning ...
Nigeria
Nigeria: CBN Proposes Establishment of “Gateway Bank” to Oversee Correspondent Banking Activities
The Central Bank of Nigeria (CBN) has unveiled plans to introduce a unified foreign currency (FCY) gateway bank to streamline all correspondent banking ...
Nigeria
Nigeria: FCCPC Raises Alarms Over Violations by Loan Apps Despite Regulations
The Federal Competition and Consumer Protection Commission (FCCPC) has voiced concerns regarding a surge in violations of its Limited Interim Regulatory/Registration Framework and ...