Nigeria
Nigeria: AfDB Approves $230M Trade Finance Facility for Access Bank to Ease FX Liquidity for Nigerian SMEs
The African Development Bank (AfDB) has announced a $230 million trade finance facility for Access Bank Plc to strengthen trade finance activities and ...
Fintech
Brass Gears Up for Q1 2025 Relaunch Following Paystack-Led Acquisition
Nigerian fintech startup Brass is preparing for a public relaunch in early 2025 after undergoing significant restructuring following its acquisition. Brass, which provides ...
Africa
LoftyInc Capital Secures $43M to Propel Growth of African Startups Beyond Early-Stage Funding
LoftyInc Capital, a leading early-stage investor in Africa, has successfully raised $43 million in the first close of its third fund, LoftyInc Alpha. ...
Fintech
Nigeria to Roll Out Treasury Management & Revenue Assurance System (TMRAS) for Enhanced Revenue Collection
The Federal Government of Nigeria (FGN) is set to launch the Treasury Management & Revenue Assurance System (TMRAS), a new digital platform aimed ...
Fintech
Nigeria: Moniepoint Partners with Afrigopay to Expand Contactless Payments and Distribute 5 Million AfriGO Cards
Moniepoint Inc., a leading Nigerian fintech company, has partnered with Afrigopay Financial Services Limited (AFSL) to introduce tap-to-pay solutions and distribute 5 million ...
Nigeria
Nigeria: CBN Calls for Enhanced Compliance Frameworks to Combat Illicit Financial Flows
The Central Bank of Nigeria (CBN) has emphasized the urgent need for financial institutions to strengthen their compliance frameworks and align with global ...
Global
US Tax Reforms Could Reduce FDI in Nigeria – NESG
The Nigerian Economic Summit Group (NESG) has raised concerns that recent tax reforms introduced by the United States could negatively impact foreign direct ...
Africa
Ghana and Rwanda Strengthen Fintech Collaboration with Licence Passporting and Cross-Border Payments
The Bank of Ghana and the National Bank of Rwanda have formalized a strategic partnership aimed at advancing fintech integration through licence passporting ...
Fintech
Ghana Set to Launch e-Cedi in 2025, Aiming for Financial Inclusion and Digital Payment Efficiency
After years of development and delays, Ghana is finally preparing to roll out its central bank digital currency (CBDC), the e-Cedi, in 2025. ...
Nigeria
Nigeria: CBN Strengthens Regulatory Oversight to Enhance Financial Stability
The Central Bank of Nigeria (CBN) has reinforced its regulatory and compliance framework to bolster the resilience, transparency, and stability of the nation’s ...
