News
Nigeria: CBN Introduces Whistleblowing Platform to Strengthen Transparency in Nigeria’s Financial Sector
The Central Bank of Nigeria (CBN) has announced the launch of a whistleblowing platform as part of its commitment to fostering transparency, accountability, ...
Nigeria
Nigeria: NCC Approves MTN’s Disconnection of Exchange Telecommunications
The Nigerian Communications Commission (NCC) has granted approval for MTN Nigeria to disconnect Exchange Telecommunications Ltd. from its network over unpaid interconnect charges. ...
News
Nigeria and Saudi Arabia Strengthen Economic Partnership
Nigeria has taken a significant step to bolster its economic ties with Saudi Arabia through a high-level delegation to Riyadh, led by the ...
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), ...
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, ...
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 ...
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 ...
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 ...
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) ...
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 ...