Nigeria
Nigeria: CBN Reports Over 19.7 Million Dormant and Unclaimed Bank Accounts
The Central Bank of Nigeria (CBN) has revealed that the number of dormant bank accounts in the country has exceeded 19.69 million, based ...
Nigeria
Nigeria: CBN Slashes Treasury Bill Rates as Inflation Declines
The Central Bank of Nigeria (CBN) has significantly lowered discount rates on Nigerian Treasury bills as inflationary pressures ease, prompting heightened investor interest ...
Nigeria
Nigeria: National Assembly Endorses Federal Mortgage Bank Recapitalisation to Enhance Affordable Housing
The National Assembly has reaffirmed its commitment to supporting the recapitalisation of the Federal Mortgage Bank of Nigeria (FMBN) to strengthen the institution’s ...
Innovation
Nigeria Targets 75% Digitalization of Government Services by 2027
The National Information Technology Development Agency (NITDA) has reaffirmed its commitment to digitizing 75% of government services by 2027 through the creation of ...
Nigeria
Nigeria: NBS Reports January Inflation Rate at 24.48% Following CPI Rebasing
The National Bureau of Statistics (NBS) has announced a January 2025 inflation rate of 24.48% year-on-year, following the rebasing of the Consumer Price ...
Innovation
Nigeria: FIRS Embraces E-Invoicing to Align with Global Tax Standards
The Federal Inland Revenue Service (FIRS) has reaffirmed its commitment to digitizing Nigeria’s tax processes, emphasizing that its e-invoicing initiative aligns with global ...
Nigeria
Nigeria: CBN Mandates Banks to Disclose Dormant Accounts and Unclaimed Dividends
The Central Bank of Nigeria (CBN) has issued a directive requiring all banks and financial institutions to publicly disclose details of dormant accounts, ...
Africa
ECA and AfCFTA Strengthen Collaboration to Drive Trade Integration Across Africa
The Economic Commission for Africa (ECA) and the African Continental Free Trade Area (AfCFTA) Secretariat have pledged to deepen their collaboration to ensure ...
Global
Global: Fed Governor Michelle Bowman Advocates for Regulatory Reforms to Foster Banking Innovation
Federal Reserve Governor Michelle W. Bowman has emphasized the need for a regulatory framework that supports banking innovation while maintaining financial stability. Speaking ...
Global
Dream Secures $100 Million to Revolutionize AI-Powered Cybersecurity for Critical Infrastructure
Dream, an emerging leader in artificial intelligence-driven cybersecurity, has successfully raised $100 million in funding to enhance security measures for critical infrastructure. This ...
