News
Nigeria: Federal Government Advances Fiscal Excellence with Revised Cash Management Policy
The Federal Government has reaffirmed its dedication to sound fiscal management and sustainable economic development through the implementation of the revised Cash Management ...
Africa
Nigeria and Uganda Strengthen Trade Ties Under AfCFTA to Boost Regional Commerce
Nigeria and Uganda have taken a significant step toward deepening their trade relationship under the African Continental Free Trade Area (AfCFTA), following the ...
Fintech
Nigeria’s Mobile Money Transactions Hit N71.5 Trillion in 2024 Despite Regulatory Challenges
Nigeria’s mobile money sector continues to expand at an unprecedented rate, with transactions reaching N71.5 trillion in 2024, according to recent data from ...
Fintech
TransferGo Expands into B2B with Multi-Currency Business Account Launch
TransferGo, a leading remittance network, has introduced a new multi-currency business account designed to streamline global transactions for companies operating in the UK ...
Regulatory
Global: Treasury Payment Systems at Risk? The DOGE Controversy and Its Impact on Banks
The unfolding developments surrounding the U.S. Treasury payments system have raised serious concerns, with potential implications for financial institutions, government operations, and global ...
Africa
Nigeria Set to Benefit from €150bn EU Development Fund Under Global Gateway Initiative
Nigeria is positioned as a major beneficiary of the European Union’s Global Gateway initiative, which aims to invest €150 billion in Africa’s infrastructure ...
Nigeria
Nigeria: FIRS Implements Withholding Tax System to Strengthen Compliance and Revenue Collection
The Federal Inland Revenue Service (FIRS) has officially commenced the implementation of the withholding tax system as part of efforts to enhance tax ...
Nigeria
Nigeria: PenCom Issues New Guidelines for Pension Fund Administrators’ Branch Operations
The National Pension Commission (PenCom) has released a new circular outlining the operational requirements for Licensed Pension Fund Administrators (PFAs) regarding their branches ...
Fintech
Africa: Interswitch Ignites Startup Growth with Ecosystem Innovation Mixer
Interswitch Group recently hosted the inaugural edition of its Startup Innovation Mixer at the Interswitch Innovation Hub, located within the company’s Lagos headquarters. ...
Nigeria
Nigeria: ABCON Urges CBN to Reassess Capital Requirements for BDCs
Aminu Gwadabe, President of the Association of Bureaux De Change Operators of Nigeria (ABCON), has called on the Central Bank of Nigeria (CBN) ...