The Central Bank of Nigeria (CBN’s) directive to financial institutions to localise payment-related dat by January next year will trigger the global providers to bring their own scale of cloud into the country for building the nation’s digital infrastructure scale give investors more confidence to deploy the capital that brings in the scale to prepare…
MTN Group Chairman Mcebisi Jonas has condemned ongoing anti-foreigner sentiment in South Africa, saying it is a symptom of state failure being cynically exploited by politicians with no interest in genuine solutions. Speaking during the funeral service of Zimbabwean-born activist and public servant Thokozani Damasane, Jonas turned directly to the question of whether removing foreign…
The Federal Government has opened a high-stakes window of opportunity for international tech investors, offering direct presidential intervention and sweeping economic waivers for hardware companies that anchor their manufacturing hubs in Nigeria by November 2026, the Board Chairman, Nigerian Communications Commission (NCC), Chief Idris Ibikunle Olorunnimbe, has said. Highlighting the government’s total dedication to backing…
The Nigerian Communications Commission (NCC) has been ranked among the top three best-performing Ministries, Departments, and Agencies (MDAs) of the Federal Government in the 2026 Public Service Reforms Performance Assessment conducted by the Bureau of Public Service Reforms (BPSR). In the latest Public Service Reforms Performance Assessment, the Commission was ranked third overall, following a…
Scams perpetrated by cyber crooks have become the fastest growing source of consumer harm as criminals have shifted their focus of the use artificial intelligence (AI) and social engineering to manipulate people into authorizing payments themselves, according to the latest mid-year 2026 Biannual Threats Report prepared by Visa. The report draws on intelligence from Visa’s…
Every transformative company begins with a simple idea. For Stabyl, that idea was born not in a boardroom, but during conversations between classmates at the University of Oxford, where discussions about the future of digital finance evolved into a bold vision for solving one of Africa’s biggest financial challenges. Between 2021 and 2022, Prince Nnamdi…
The Association of Bureaux De Change Operators of Nigeria (ABCON) has called for increased vigilance in the operation and regulation of the Nigeria financial system to protect it against terrorism financing and illicit financial flows. In a statement, ABCON condemned any form of terrorism financing in the country, and reiterated its support for all legitimate…
Manufacturers in Nigeria have lamented that commercial bank credit allocation to the sector contracted by N1.92 trillion from N8.53 trillion in December 2024 to N6.61 trillion in December 2025, representing a significant year-on-year contraction of -22.5 per cent. Acting under the aegis of the Manufacturers Association of Nigeria (MAN), the group described the situation as…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has accused wholesalers and retailers of charging non-cost reflective prices, pushing liquefied petroleum gas (LPG) prices as high as N2,100 per kilogram despite significantly lower indicative prices issued by the regulator. The authority disclosed this in a presentation delivered by its Chief Executive Officer (CEO) Rabiu…
