News
Nigeria’s Net Foreign Reserves Dipped to $3.7 Billion by the End of 2022 – JP Morgan
According to a report by JP Morgan, a prominent American multinational financial services corporation, Nigeria’s net foreign exchange (FX) reserves saw a decline, ...
News
Nigeria: FGN Bonds Face Selling Pressure, Market Demand Drops by 67%
Nigeria’s Federal Government bonds encountered challenges in the secondary market on Monday, as fixed income investors, including asset/fund managers and some pension fund ...
News
Nigeria: Experts Urge Nigerian Government to Expand Tax Base to Informal Sector
A group of experts has called upon the Nigerian Federal Government to broaden its tax coverage to include the informal sector and unregistered ...
News
Nigeria: Leaked CBN Letter to Bank Reiterates 2015 Circular Prohibiting Naira Overdrafts Secured by Foreign Currency Deposits
A confidential letter from the Central Bank of Nigeria (CBN) to a commercial bank has surfaced, exposing a firm directive from the central ...
News
Nigeria: Bureau De Change Operators Highlight Diversion of Diaspora Remittances by Fintechs and Unlicensed Online Firms
Bureau De Change Operators (BDCs) in Nigeria have joined the Acting Governor of the Central Bank of Nigeria (CBN) in acknowledging the diversion ...
News
Nigeria: Access Bank Introduces Custody Services to Enhance Financial Asset Management
In a bid to stimulate growth, extend its reach, and foster advantageous collaborations for its clients and stakeholders, Access Bank has unveiled its ...
Global
Global: China Aims to Extend Social Credit System to the Metaverse: Report
Reports suggest that China is considering implementing a system similar to its social credit system in the metaverse and other online virtual environments. ...
News
Nigeria: Is an integrated data ecosystem a critical national infrastructure?
Integrated national data ecosystems include a birth and death registry, residency, immigration, tax-related data, credible national identification management system, assets registration, and land ...
News
Nigeria: Number of Licensed Insurance Companies Increases to 67 – NAICOM Report
The tally of licensed insurance companies permitted to conduct operations in Nigeria has surged to 67, based on the most recent data disclosed ...
News
Nigeria: CBN Extends N37.6 Billion Loans to Mortgage Banks in 2022 – Financial Report
The Central Bank of Nigeria (CBN) disbursed loans and advances totaling N37.6 billion to mortgage banks in the year 2022, as indicated by ...