News
Nigeria: Standard Chartered Bank Appoints Dalu Ajene as New CEO
Standard Chartered Bank, a leading international cross-border bank facilitating connections across dynamic markets worldwide, has named Dalu Ajene as its new Chief Executive ...
Nigeria
Nigeria: NDIC Boosts Deposit Insurance Coverage to N5 Million
The Nigeria Deposit Insurance Corporation (NDIC) has taken a significant step towards bolstering depositor protection by increasing the Maximum Deposit Insurance coverage of ...
News
Nigeria: EFCC Granted Authority to Freeze 1,146 Individuals, Companies’ Accounts in FX Probe
In a decisive move to combat irregularities in foreign exchange (FX) transactions, the Economic and Financial Crimes Commission (EFCC) has achieved a significant ...
News
Nigerian Government Unveils $10 Billion Diaspora Investment Fund
The Nigerian government has revealed its intention to establish a $10 billion diaspora fund aimed at attracting investment from citizens residing abroad. Doris ...
Nigeria
Nigeria: CBN Halts Customer Onboarding for Palmpay, Moniepoint, Opay, and Other Fintechs Over Crypto Concerns
In a significant move, the Central Bank of Nigeria (CBN) has implemented a ban on several leading fintech platforms, including Palmpay, Moniepoint, Opay, ...
News
Nigeria: Dollar Strengthens Further Against Naira, Reaches N1,350/$
Once again, the Nigerian naira experienced a decline, reaching N1,350 per dollar in the parallel segment of the foreign exchange (FX) market on ...
News
Foreign Exchange Regulatory Reform (May 29 2023 to April 2024) Implications for Fintechs and other stakeholders.
Doing business in Nigeria is rewarding but can pose significant challenges, particularly concerning foreign exchange (forex) management and repatriation. Whether it’s cross-border e-commerce ...
News
Nigeria: MTN Unveils Meetings+ Platform as It Aims for TechCo Status by 2025
MTN Nigeria is embarking on a profound transformation, with the goal of evolving from a telecommunications company (telco) into a comprehensive technology entity, ...
Nigeria
Nigeria: Tinubu and Bill Gates Propose Digital Identity Platform for Streamlined Tax Collection
Bill Gates, former CEO of Microsoft, revealed during a meeting with President Bola Tinubu at the World Economic Forum (WEF) in Saudi Arabia ...
News
Nigeria: CBN Reports 19% Decrease in PoS Transactions in Q1 2024
The Central Bank of Nigeria (CBN) has revealed a 19% decline in Point-of-Sale (PoS) transactions in Nigeria during the first quarter (Q1) of ...