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Nigeria: MTN Nigeria Strengthens Fintech Presence with Application for New Licenses for MoMo PSB
MTN Nigeria, a leading player in the telecommunications sector, is intensifying its commitment to fintech expansion through its mobile money subsidiary, MoMo Payment ...
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Nigeria: Moniepoint Appoints Bayo Olujobi as Chief Financial Officer
Moniepoint Microfinance Bank has expanded its leadership team with the appointment of Bayo Olujobi as Chief Financial Officer (CFO). Olujobi, an accomplished finance ...
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Nigeria: CBN Raises N627bn from Oversubscribed T-Bills Auction, Increases Rates
The Central Bank of Nigeria (CBN) successfully raised over N627 billion through an oversubscribed Treasury bills auction on Wednesday. The primary market auction ...
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Nigeria: Access Bank Triumphs at the 2024 Digital Jurist Awards
Access Bank PLC has been recognized as the winner of the 2024 Best Digital Award in the Commercial Banks category at the prestigious ...
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Nigerian Banks’ Robust Profitability Shields Them from Rising Credit Losses – S&P Ratings
According to a recent report from S&P Global Ratings, Nigerian banks are well-positioned to weather rising credit losses and meet higher capital requirements, ...
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Nigeria: Naira Declines Amid CBN’s Reduced FX Supply Ahead of e-FX Platform Test Launch
The Nigerian naira has continued its downward trend against the US dollar, pressured by high demand and dwindling FX supply in the country’s ...
Nigeria
Nigeria: Amended NDIC and BOFIA Acts Strengthen Financial Sector Stability, Says Senator Abiru
The recent amendments to the Nigerian Deposit Insurance Corporation (NDIC) Act and the Banks and Other Financial Institutions Act (BOFIA) are setting the ...
Nigeria
Nigeria’s Tax Reform Bills and FIRS’s Zacch Adedeji: Unpacking the Controversy
President Bola Tinubu’s recent submission of four tax reform bills to Nigeria’s National Assembly has ignited significant debate. At the center of this ...
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Nigeria’s CBN Enforces Approval Requirement for Core Banking System Changes to Minimize Service Disruptions
In response to recent customer frustrations over technological disruptions, the Central Bank of Nigeria (CBN) has issued a new directive mandating that commercial ...
Nigeria
Nigeria: Naira Drops ₦67 as Nigeria Launches FX Disclosure Scheme to Stabilize Market
The naira weakened by ₦67 against the US dollar this past week as Nigeria launched a new foreign exchange disclosure scheme aimed at ...