Regulation

abokiFX Temporarily Suspends Online Publication of Rates For ‘Naira to Appreciate’

abokiFX, a popular website that aggregates the unregulated market rates of the naira, has temporarily suspended the online publication of rates

abokiFX
Regulation

CBN Goes After AbokiFX, Declares Founder Wanted

abokiFX denies allegation, temporarily suspends online publication of rates The Central Bank of Nigeria (CBN) has disclosed that the activities

Bamboo
Fintech Investment Regulation

Court Temporarily Unfreezes Bamboo Accounts to Allow Startup Pay Salaries, Rent

A federal high court sitting in Abuja has ordered that the accounts of Bamboo Systems Technology Limited and Bamboo Systems

Zamfara
Government News Regulation Telecom

Insecurity: FG Orders Telcos to Suspend Services in Zamfara

The Federal Government has ordered telecommunication companies in Nigeria to suspend their services in Zamfara due to rising insecurity in

Multichoice
Government Pay Tv Regulation

Tax Liabilities: Tribunal Orders Multichoice to Pay Nigerian Govt N900bn

A Tax Appeal Tribunal (TAT) sitting in Lagos has ordered Multichoice Nigeria Limited, owners of cable television services, DSTV and GOTV, to

CBN
Legal Regulation

CBN Freezes Accounts of Four Investment Fintechs Trove, Chaka, Rise & Bamboo

The Central Bank of Nigeria (CBN) has reportedly freezed the accounts of four investment fintechs in the country including Trove,

NITDA
Regulation

NITDA Slams ₦10m Fine on SokoLoan For Privacy Invasion

The National Information Technology Development Agency (NITDA) has slammed a ₦10 million fine on Soko Lending Company Limited (SokoLoan), an online lending

Twitter
Regulation Social Media Twitter

Federal Government to Lift Ban on Twitter Soon

The Federal Government has disclosed it would soon lift its ban on Twitter two months after it blocked the social

Cellulant
Fintech Government Regulation

Cellulant Acquires PSP License in Ghana as it Rolls out Digital Payments Solution for Businesses

Digital payments has seen tremendous growth in the past couple of years. As of January 2021, 38.9 percent of the

SIM
Regulation

NIN-SIM Linkage Deadline Gets New Date From FG

The Federal Government has again extended the deadline for NIN-SIM linkage to  October 31, 2021.   The decision to extend the deadline