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Nigeria: Interbank Rates Decline as FAAC Credit Boosts Banking System Liquidity
Interbank rates have dropped as liquidity pressures in the money market eased, driven by inflows from the Federal Accounts Allocation Committee (FAAC). Despite ...
News
Nigeria: FG Justifies Tariff Hike Amid Legal Challenges from SERAP and Subscribers
The Federal Government, through the Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, has defended the recent 50% tariff hike for telecom ...
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Nigeria: NCC Approves 10-Year Renewal for MTN’s 800MHz Spectrum License
MTN Nigeria Communications Plc has announced the approval by the Nigerian Communications Commission (NCC) for a 10-year renewal of its first 800MHz spectrum ...
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Nigeria: MTN Boosts Stock Market Amid 50% Telecom Tariff Hike
MTN Nigeria Plc played a pivotal role in lifting the Nigerian stock market, as its shares contributed significantly to a 0.8% rise in ...
Fintech
Global: Italian Startup Qomodo Secures €13.5 Million to Revolutionize BNPL for High-Street Merchants
Qomodo, an innovative Italian startup bringing Buy Now, Pay Later (BNPL) solutions to physical merchants, has successfully raised €13.5 million in Series A ...
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Global: FDIC Chair Advocates Comprehensive Review of Banking Regulations
Travis Hill, the newly appointed Acting Chair of the Federal Deposit Insurance Corporation (FDIC), has outlined an ambitious agenda to overhaul bank regulations. ...
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Global: US Withdrawal from WHO Poses Risks to Global Health Mission and Finances – WHO
The World Health Organization (WHO) has raised concerns that the recent executive order by former U.S. President Donald Trump to withdraw the United ...
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Global: FTC Distributes Over $5 Million in Refunds to Victims of Debt Relief Scam
The Federal Trade Commission (FTC) has initiated the distribution of more than $5 million in refunds to consumers who fell victim to a ...
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Global: FDIC Lawsuit Against Former SVB Executives Signals Increased Focus on Risk Management Oversight
The new administration brings with it a phase of uncertainty surrounding banking regulations and the future of regulatory agencies. While rule-making and enforcement ...
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Nigeria: CAC Enhances Compliance and Enforcement for Effective Business Regulation
The Corporate Affairs Commission (CAC) has announced new measures to strengthen its compliance and enforcement mandates, aiming to formalize businesses and improve post-incorporation ...