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CBN Raises Benchmark Interest Rate to 26.25%.

Amid rising economic challenges, the Central Bank of Nigeria (CBN) has taken a bold step to address the country’s soaring inflation by adjusting the...

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CBN Announces Major Regulatory Overhaul for BDC Operators

The Central Bank of Nigeria (CBN) has announced significant updates to the regulatory guidelines for Bureau De Change (BDC) operators, marking a pivotal shift...

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Nigeria’s Insurance Sector Faces Deadline Pressure

With the deadline for the submission of the 2023 Audited Financial Accounts looming, insurance companies operating in Nigeria are facing significant challenges...

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Nigeria’s President Halts Controversial Cybersecurity Levy.

A significant directive from President Bola Tinubu has put the implementation of the controversial cybersecurity levy by the Central Bank of Nigeria (CBN) on...

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CAC Sets July 2024 Deadline for Nigeria’s PoS Agent Registration

The Corporate Affairs Commission (CAC) of Nigeria has taken a significant step to enhance the regulatory framework of the financial technology sector by...

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SEC Nigeria Proposes Innovative Framework for Private Company Securities

The Nigeria Securities and Exchange Commission (SEC), under the leadership of Director-General Emotimi Agama, has announced the proposal of innovative rules...

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BREAKING NEWS: Reps Order Pause on Cybersecurity Levy Implementation

The House of Representatives on Thursday, 9th of May 2024 called upon the Central Bank of Nigeria (CBN) to suspend the enforcement of the recently proposed...

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CBN’s New Cybersecurity Levy Faces Major Backlash from SERAP, NLC, and Business Leaders

The Central Bank of Nigeria’s (CBN) decision to impose a 0.5 percent cybersecurity levy on most electronic transactions has sparked a wave of criticism...

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CBN Cybersecurity Levy: 16 Key Transactions Exempted.

The Central Bank of Nigeria (CBN) has recently mandated a new measure that will significantly impact the landscape of electronic transactions across the...

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CBN Unveils New Classification for Nigeria’s Banking Sector

On Wednesday, 8th of May 2024, the Central Bank of Nigeria (CBN) released a detailed inventory of Deposit Money Banks licensed to operate within the nation....

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