Zedcrest’s Buys RMB Nigeria Stockbrokers At An estimated Value Of Over ₦400 million
Zedcrest, a Nigerian company that invests in debt and equity capital markets, has bought the Nigerian branch of RMB Stockbrokers for between ₦400 million...
President Tinubu Unveils Groundbreaking Tax Reform
President Bola Tinubu has approved a new withholding tax policy, replacing the one established in 1977.
The Chairman of the Presidential Committee on Fiscal Policy...
CBN Issues Fresh Guidelines For Foreign Currency Deposit
The Central Bank of Nigeria (CBN) has introduced new guidelines for Deposit Money Banks (DMBs) regarding the deposit of foreign currency notes.
In a circular...
CBN to Implement New Policies to Boost Cybersecurity in Financial Systems
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to addressing cybersecurity challenges and promoting innovation to maintain the stability and integrity of...
FinTech Companies In Nigeria Switch From Visa And Mastercard As Paycom And Others Issue...
Before the COVID-19 pandemic, Nigerian fintech companies discovered an easy way to attract customers: offering foreign debit cards. These cards were often given out...
Shoprite Announces Closure of Abuja Branch, June 30
Shoprite has announced the closure of one of its branches in Abuja, effective June 30, 2024.
The decision was communicated through a circular signed by...
CBN’s Tightening Measures Show Results in Lower Inflation
Nigeria’s month-on-month headline inflation rate slowed for the third consecutive time in May 2024, highlighting the effectiveness of the Central Bank of Nigeria’s (CBN)...
Lawmakers Grill AGIP Over Unpaid $80 Million Debt To Nigerian Contractor
The House of Representatives Committee on Public Petition has summoned AGIP Oil Company to appear before it on June 26 over an alleged N80...
Leadway Offers Flexible Payments With PayCover
Leadway Assurance has partnered with Octamile to offer a “PayCover” solution that allows customers to split their motor insurance premium payments into manageable installments.
Managing...
Nigeria’s Debt Up By ₦24.33trn In Three Months, Now ₦121.67trn
Nigeria’s total public debt has now surged to ₦121.67 trillion ($91.46 billion), according to the latest report from the Debt Management Office (DMO) released...