Nigeria
Nigeria: CBN Slashes Treasury Bill Rates as Inflation Declines
The Central Bank of Nigeria (CBN) has significantly lowered discount rates on Nigerian Treasury bills as inflationary pressures ease, prompting heightened investor interest ...
Nigeria
Nigeria: National Assembly Endorses Federal Mortgage Bank Recapitalisation to Enhance Affordable Housing
The National Assembly has reaffirmed its commitment to supporting the recapitalisation of the Federal Mortgage Bank of Nigeria (FMBN) to strengthen the institution’s ...
Innovation
Nigeria Targets 75% Digitalization of Government Services by 2027
The National Information Technology Development Agency (NITDA) has reaffirmed its commitment to digitizing 75% of government services by 2027 through the creation of ...
Fintech
Global: FICO and TransUnion Partner to Enhance Credit Access in Kenya
Global analytics firm FICO and TransUnion Kenya have joined forces to expand access to credit in Kenya, leveraging advanced data analytics to improve ...
Nigeria
Nigeria: NBS Reports January Inflation Rate at 24.48% Following CPI Rebasing
The National Bureau of Statistics (NBS) has announced a January 2025 inflation rate of 24.48% year-on-year, following the rebasing of the Consumer Price ...
Innovation
Nigeria: FIRS Embraces E-Invoicing to Align with Global Tax Standards
The Federal Inland Revenue Service (FIRS) has reaffirmed its commitment to digitizing Nigeria’s tax processes, emphasizing that its e-invoicing initiative aligns with global ...
Africa
Kenya and East Africa Solidify Their Role as Africa’s Leading Hub for Start-up Funding
Kenya and East Africa have reinforced their position as the primary hub for start-up funding on the African continent, consistently drawing the largest ...
Nigeria
Nigeria: CBN Mandates Banks to Disclose Dormant Accounts and Unclaimed Dividends
The Central Bank of Nigeria (CBN) has issued a directive requiring all banks and financial institutions to publicly disclose details of dormant accounts, ...
Africa
ECA and AfCFTA Strengthen Collaboration to Drive Trade Integration Across Africa
The Economic Commission for Africa (ECA) and the African Continental Free Trade Area (AfCFTA) Secretariat have pledged to deepen their collaboration to ensure ...
Africa
Qme Secures $3M Investment to Revolutionize Customer Service Efficiency in Africa
Qme has secured a $3 million funding round to enhance customer service efficiency across Africa, addressing long-standing inefficiencies in queuing systems and appointment ...
