The Central Bank of Nigeria has adjusted its official dollar exchange rate, and the naira has recorded fresh losses. This comes even though the country's foreign reserves are reported at $55.2 billion. Analysts are watching how the currency moves in the coming days.
Nigeria's consumer protection regulator has refreshed its list of loan apps, highlighting five platforms said to offer salary earners as much as N10 million. The update is meant to help borrowers pick registered lenders rather than unlicensed ones.
The World Health Organization has clarified that Nigeria currently has no active confirmed Ebola case, but the country has not been formally declared Ebola-free. The clarification follows talk that Nigeria could make the declaration from 7 December.
US authorities have reportedly arrested nine Nigerians wanted over online fraud schemes that targeted American victims. Dozens of phones and computers were said to have been seized in the operation. Details of the charges and where the suspects will face court have not been fully released.
The Central Bank of Nigeria has granted JPMorgan approval in principle to set up JPMorgan Merchant Bank Nigeria Limited. Adedapo Olagunju, who has led the bank's West African operations since 2018, has been cleared to run it. The approval is only a first step, as a final licence is still needed before the bank can begin business.