06/16/2022

Worsening Insecurity in Nigeria Worries IMF

The fund in the statement noted that Nigeria’s economic recovery continued to gain strength on the back of services and agriculture with GDP growth reaching 3.6 percent (y/y) in first quarter 2022.

06/08/2022

COFI will expand the regulatory net for lenders

FAIS regulates the conduct of FSPs, however loans are not currently considered to be “financial products”. Accordingly, financial services rendered in respect of loans fall outside of FAIS.