The Federal Competition and Consumer Protection Commission (FCCPC) has disclosed that banking and financial technology services generated the highest number of consumer complaints in Nigeria between March and August 2025. …
Regulation
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EconomyFinanceGOVERNMENTRegulationTechnology
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AviationBusinessConsumer RightsEconomyNewsNigeriaRegulation
NCAA to Begin Naming and Shaming Airlines Over Flight Delays and Cancellations
The Nigerian Civil Aviation Authority (NCAA) has announced that it will start publicly naming and shaming airlines that fail to comply with aviation regulations, particularly in cases of flight delays …
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BankingEconomyFinanceFintechRegulationTechnology
Expert Urges Stronger Collaboration Between Fintechs, Banks, and OFIs
A financial expert, Mr. Samuel Olaniran, has called for deeper collaboration between financial technology companies (fintechs), traditional banks, and Other Financial Institutions (OFIs) in order to foster trust, improve customer …
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BankingCyber securityFinanceGovernanceRegulation
CBN Directs Banks, Payment Service Firms to Route All Compliance Reports Through New Department
The Central Bank of Nigeria (CBN) has directed banks, Payment Service Banks, and Other Financial Institutions (OFIs) in the country to submit all compliance-related reports and correspondence to its Compliance …
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BusinessCapital MarketEconomyFinanceRegulationTechnology
CSCS to Host Webinar Ahead of Nigeria’s Transition to T+2 Settlement Cycle
The Central Securities Clearing System Plc (CSCS) has announced plans to host a major webinar as part of industry-wide sensitisation on Nigeria’s transition to the T+2 Settlement cycle for equities …
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Consumer ProtectionEconomyFinanceGovernanceRegulationTechnology
FCCPC Moves Against Rogue Digital Lenders With New Regulations
The Federal Competition and Consumer Protection Commission (FCCPC) has introduced strict new regulations to tackle unethical practices in Nigeria’s growing digital lending market. The new rules, which came into effect …
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BusinessCorporate StrategyFinanceInsuranceNewsNigeriaRegulation
Lasaco Assurance Moves to Transfer Annuity Business to Cornerstone Insurance
Lasaco Assurance Plc has announced plans to transfer its annuity business portfolio to Cornerstone Insurance Plc as part of a broader strategic realignment within the company. The announcement was contained …
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AviationBusinessEconomyOil & GasPoliticsRegulation
Helicopter Operators Reject $300 Landing Fee as Aviation Ministry Redirects Charge to Oil Companies
A quiet but tense standoff has continued between the Ministry of Aviation and Aerospace Development and helicopter operators in Nigeria following the reintroduction of a $300 landing fee ordered by …
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BankingBusinessEconomyFinanceKenyaRegulation
Central Bank of Kenya Rejects Exemptions on Staff Loans Under New Pricing Formula
The Central Bank of Kenya (CBK) has rejected requests to exempt bank staff loans from its new loan pricing system, insisting that all borrowers must operate under the same rules. …
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BankingBusinessEconomyFinanceINVESTMENTRegulation
GTCO Injects ₦365.85bn Into GTBank to Meet CBN Capital Requirement
Guaranty Trust Holding Company Plc (GTCO) has made a huge capital injection of ₦365.85 billion into its main subsidiary, Guaranty Trust Bank Limited (GTBank), in order to meet the Central …