Nigeria’s Government takes ownership of Keystone Bank after court ruling
The Nigerian government regained full ownership of Keystone Bank after a court ruling. Previous shareholders Sigma Golf Nigeria Limited and Alhaji Umaru Modibbo were ordered to relinquish their holdings.
Nigerian regulators have declared open season on business. It’s already causing chaos
The Central Bank of Nigeria (CBN) has mandated financial institutions to collect ID cards before creating financial accounts. The Nigerian Inter-Bank Settlement System (NIBSS) has taken action against fintechs that collect deposits without a license.
