CBN Revises Guidelines For Bureau De Change Operators
The Central Bank of Nigeria has updated its regulatory guidelines for Bureau De Change operators. After consulting with stakeholders, the […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
600,000 Kenyans Stop Using Mobile Money in 2023 Due to Taxes, Cybercrime
The number of Kenyans using mobile money services dropped by 600,000 in the year ending December 2023, according to the
CBN Governor Dismisses Speculation, Asserts No Nigerian Bank Under Pressure for Recapitalisation
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has clarified that Nigerian banks are not facing pressure regarding
CBN Governor Clarifies Stance on Fintech Licenses
The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, announced that the licenses of fintech companies such as
Military Assault at Banex Plaza Leaves Woman in Coma
A military personnel stationed at the Banex Plaza in the Wuse 2 area of Abuja has reportedly assaulted a woman,
CBN Raises Interest Rate to 26.25% to Combat Soaring Inflation
The Central Bank of Nigeria (CBN) has increased the interest rate by 150 basis points, raising it from 24.75% to
Only 20% of Registered Entities Pay Annual Returns, Says CAC Registrar General
The Registrar General (RG) of the Corporate Affairs Commission (CAC), Hussaini Magaji (SAN), has revealed that only 20 per cent
Financial Experts Warn of Naira Depreciation Amid Low FX Reserves and Investor Withdrawal
Financial experts have expressed concerns over the Central Bank of Nigeria’s (CBN) low net foreign exchange (FX) reserves and its
MTN Nigeria CEO Defends Board’s Remuneration Amid Economic Challenges
Lagos, Nigeria – The Chief Executive Officer of MTN Nigeria Communications, Mr. Karl Toriola, has addressed concerns regarding the remuneration
Banex Plaza Remains Shut as Soldiers Maintain Presence After Thug Attack
Banex Plaza, a major electronics and telecommunications market in Abuja, remains closed, as soldiers maintain their presence following a recent
CBN Halts 0.5% Cybersecurity Levy Following Presidential Directive
The Central Bank of Nigeria (CBN) has directed all banks to cease the implementation of a 0.5 per cent cybersecurity
Air Peace Faces Safety Violation Allegations from UK After Duke and Duchess of Sussex Flew Airline in Nigeria
The United Kingdom Civil Aviation Authority (UK CAA) has raised safety concerns about Nigerian airline Air Peace. The UK CAA