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CAC directs POS operators to register businesses

Nigeria, May 8 -- The Corporate Affairs Commission on Monday mandated all Point of Sales (PoS) agents of major financial technology companies in Nigeria to register their businesses. The Registrar-Ge... Read More


Nigerians react to new 0.5% cybersecurity levy

Nigeria, May 8 -- The introduction of the 0.5 per cent cybersecurity levy on all banking transactions has sparked widespread discontent among Nigerians. On Monday, the Central Bank of Nigeria (CBN) i... Read More


Binance CEO expresses concern over detention of top official by Nigerian govt

Nigeria, May 8 -- The CEO of global cryptocurrency exchange platform Binance, Richard Teng, on Tuesday expressed deep concern over the Nigerian government's decision to detain one of its employees. I... Read More


16 banking transactions exempted from cybersecurity levy (FULL LIST)

Nigeria, May 7 -- Following the announcement of the implementation of the cybersecurity levy on transactions, the Central Bank of Nigeria on Monday listed transactions granted exemption from the levy.... Read More


Cardoso mentions 'new sources' of Nigeria's inflation, urges fiscal authorities to act

Nigeria, May 3 -- The Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso, has called on the fiscal authorities to address new sources of inflation to complement the efforts of monetary poli... Read More


NDIC increases banks deposit insurance coverage

Nigeria, May 2 -- The Nigeria Deposit Insurance Corporation (NDIC) has increased the maximum deposit insurance coverage levels for all licensed deposit-taking financial institutions with immediate eff... Read More


Journalists highlight gaps in Nigeria's digital infrastructure, proffer solutions

Nigeria, April 25 -- Journalists have identified gaps in Nigeria's Digital Public Infrastructure (DPI) and preferred some solutions to the problem. The gaps, among other things, exclude many Nigerian... Read More


CBN sells dollars to BDCs

Nigeria, April 24 -- The Central Bank of Nigeria on Tuesday disclosed that it sold $10,000 to each Bureau De Change operator at a rate of N1,021 per US dollar. This is the second time this month that... Read More


CAC revokes NIPOST subsidiaries' certificates

Nigeria, April 23 -- The Corporate Affairs Commission (CAC) has invalidated the incorporation certificates of two subsidiaries of the Nigerian Postal Service (NIPOST) due to irregular procurement prac... Read More


FCCPC summons owners of Chinese supermarket over discriminatory practices

Nigeria, April 23 -- The Federal Competition and Consumer Protection Commission (FCCPC) has summoned Cindy Bei, owner of an Abuja-Chinese supermarket accused of denying Nigerians entry into its premis... Read More