Nigeria
Nigeria’s Banking Fraud Surges to N52bn Over Four Years – NIBSS
The scale of fraudulent transactions within Nigeria’s banking sector has escalated dramatically, surging from N11 billion in 2020 to N52 billion in 2024, ...
Fintech
Ecobank Uganda and Ria Money Transfer Collaborate to Strengthen Remittance Services
Ecobank Uganda has announced a strategic partnership with Ria Money Transfer, a global leader in cross-border remittances, to enhance international money transfer ...
Fintech
Nigeria: EFInA Unveils New Identity and Five-Year Strategy to Strengthen Financial Inclusion in Nigeria
Enhancing Financial Inclusion and Advancement (EFInA) has launched a new brand identity alongside an ambitious five-year strategy aimed at accelerating financial inclusion ...
Africa
Africa: Flutterwave Pursues NGX Listing, Strengthens Support for SME Growth
Leading African fintech company Flutterwave has set its sights on listing on the Nigerian Stock Exchange (NGX) as part of its broader ...
Nigeria
Nigeria’s GDP Growth Hits 3.40% in 2024 – NBS Report
Nigeria’s Gross Domestic Product (GDP) expanded by 3.40% in 2024, marking an increase from the 2.74% recorded in 2023, according to the latest ...
Fintech
Can Contactless Payments Gain Traction in Nigeria? PalmPay and CashAfrica Lead the Push
Nigeria’s digital payments ecosystem has seen rapid growth, yet contactless payments remain underutilized, unlike in markets such as Europe and China. However, a ...
Ghana
Ghanaian Startups Brace for Higher Costs as AWS Introduces 21% Tax
Amazon Web Services (AWS) will impose a 21% tax on cloud services in Ghana starting March 1, 2025, significantly raising operational costs for ...
Africa
Africa’s Cross-Border Payment Challenges Go Beyond Technology, Say Central Bank Executives
Despite the growing presence of fintech solutions, Africa’s cross-border payment challenges are rooted in more than just technology, according to central bank executives. ...
Innovation
Nigeria Takes Action to Prevent Fibre Cuts Disrupting Telecom Services
Nigeria has launched a Joint Standing Committee on the Protection of Fiber Optic Cables to safeguard its telecommunications infrastructure and reduce the frequent ...
Regulatory
South African Regulator Pushes for $27M Annual Compensation from Google, Meta for Local News Publishers
South Africa’s Competition Commission is calling on global tech giants like Google, Meta, and X (formerly Twitter) to compensate local news publishers for ...
