Nigeria
NCC Creates New Department to Accelerate FG’s Digital Economy Agenda, Taps Digima to Head
Nigerian Communications Commission (NCC) has created a Digital Economy Department, principally responsible for implementing programmes and policies aimed at fully supporting and promoting ...
Nigeria
Banks Open 35m Accounts in 5 Months Despite the Pandemic
Bank accounts in Nigeria have risen by 35 million between January to May 30th, 2020, data hosted on the website of the Nigeria ...
Nigeria
Lamido Yuguda assumes duty as new DG of SEC
Mr. Lamido Yuguda, the new Director-General of the Securities and Exchange Commission (SEC), has started work at the capital markets regulatory agency. He ...
Nigeria
CBN Debits 20 Banks N118bn for Default on CRR
The Central Bank of Nigeria (CBN) has withdrawn a total of N118 billion from the accounts of some banks for falling short of ...
Nigeria
NSE Masks for All Nigerians Campaign receives boost from private sector
The rapid rise in confirmed cases of Coronavirus (COVID-19) in Nigeria demands more collective, decisive, coordinated and inclusive action in the fight against ...
Regulatory
CBN expands scope of regional banks in Nigeria, gives compliance timeframe
The Central Bank of Nigeria (CBN) has expanded the scope of regional banks in the country, by requiring them to open branches in ...
News
Fidelity Bank appoints Chike-Obi as Board Chairman
Fidelity Bank has announced the appointment of Mustafa Chike-Obi as Chairman of the Board of Directors. The appointment has been approved by the ...
Nigeria
OPay Shuts Down ORide, Others in Nigeria
OPay, African Fintech startup, has announced it is suspending some of its Nigerian operations including ORide, OCar, and OExpress, excluding its payment operation, ...
Nigeria
Mobile payments in Nigeria have grown 391% in 1 year
Mobile payments in Nigeria are growing at an incredible pace according to data from the Nigerian Inter-Bank Settlement Scheme (NIBSS). Latest data shows ...
Nigeria
FX LIQUIDITY: Nigerian banks vulnerable, Moody’s warns
Global rating agency, Moody’s, has issued fresh warnings that Nigerian banks are facing foreign currency liquidity pressures of the type seen during the ...