Nigeria
Nigeria: Central Bank of Nigeria Issues Warning Against Cash Scarcity Conspiracy by Banks and PoS Operator
The Central Bank of Nigeria (CBN) has issued a stern warning to both banks and Point-of-Sale (PoS) operators regarding an alleged conspiracy that ...
Nigeria
Nigeria: House of Representatives Urges CBN to Include Chinese Yuan in External Reserves
The House of Representatives has recommended the inclusion of the Chinese Yuan as an official foreign exchange reserve currency, alongside other globally recognized ...
Nigeria
Nigeria: FIRS Instructs Banks to Implement Electronic Money Transfer Levy on Foreign Currency Transactions
The Federal Inland Revenue Service (FIRS) has issued a directive to deposit money banks, instructing them to deduct and remit the Electronic Money ...
Nigeria
Nigeria: MAKA, Nigerian Social Commerce Platform, Secures $2.65 Million in Pre-Seed Funding
Nigerian social commerce startup, MAKA, specializing in creating an engaging and seamless fashion discovery and purchase experience, has successfully raised $2.65 million in ...
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Nigeria: Telecom Subscribers Urge FG to Extend SIM-NIN Deadline to April 30
Telecommunication subscribers are calling on the Federal Government to extend the deadline for blocking telephone lines without National Identity Numbers (NIN) and those ...
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Nigeria: Governor Cardoso Stresses the Need for Increased Bank Capital to Support the Economy
During the Nigeria Sustainability Summit 2023 at Access Bank Towers in Lagos, Mr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria ...
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Nigeria: DBN and Regulatory Leaders Advocate Tech Solutions for SMEs
The Managing Director of the Development Bank of Nigeria Plc (DBN), Dr. Tony Okpanachi, along with other regulatory leaders, have emphasized the importance ...
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Nigeria’s Trade Deficit with China Surges to N7.54tn in First Nine Months of 2023, NBS Data Reveals
The National Bureau of Statistics’ findings indicate a consistent rise in Nigeria’s imports from China over the past year, contributing to the widening ...
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Nigeria: Cash Shortage Hits PoS Operators, Shrinking Business Operations
Point of Sale (PoS) operators are experiencing a decline in business operations as the scarcity of cash in banks forces them to explore ...
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Nigeria: Total Assets in Contributory Pension Scheme Reach N17.66tn – Latest Report
As of the end of October 2023, the total assets within the Contributory Pension Scheme (CPS) have surged to N17.66tn, according to figures ...