Nigeria
Nigerian BDC Operators Advocate Capital Requirement Overhaul Amid Strong Naira Rally
The President of the Association of Bureaux De Change Operators of Nigeria (ABCON), Aminu Gwadabe, has urged the Central Bank of Nigeria (CBN) ...
Nigeria
Nigeria: CBN Introduces New Foreign Exchange Guidelines for Bureau de Change Operators
The Central Bank of Nigeria (CBN) has introduced new regulatory measures for Bureau de Change (BDC) operators, limiting their weekly foreign exchange (FX) ...
Nigeria
Nigerian Banks Move to Settle USSD Debt, Averting Disconnection
Nine Nigerian banks have taken significant steps toward settling their outstanding debts to telecommunication operators for Unstructured Supplementary Service Data (USSD) services, thereby ...
Africa
Africa: XTransfer and Ecobank Group Forge Partnership to Strengthen Cross-Border Trade for African SMEs
XTransfer, China’s leading B2B cross-border trade payment platform, has partnered strategically with Ecobank Group, a premier pan-African financial services provider, to enhance cross-border ...
News
Nigeria: Federal Government Advances Fiscal Excellence with Revised Cash Management Policy
The Federal Government has reaffirmed its dedication to sound fiscal management and sustainable economic development through the implementation of the revised Cash Management ...
Egypt
Egyptian Fintech Khazna Secures $16M Pre-Series B Funding to Drive Expansion into Saudi Arabia and Pursue Digital Banking License
Egyptian fintech firm Khazna has raised $16 million in pre-Series B funding, boosting its total investment to over $63 million. The new capital ...
Africa
Nigeria and Uganda Strengthen Trade Ties Under AfCFTA to Boost Regional Commerce
Nigeria and Uganda have taken a significant step toward deepening their trade relationship under the African Continental Free Trade Area (AfCFTA), following the ...
Fintech
Nigeria’s Mobile Money Transactions Hit N71.5 Trillion in 2024 Despite Regulatory Challenges
Nigeria’s mobile money sector continues to expand at an unprecedented rate, with transactions reaching N71.5 trillion in 2024, according to recent data from ...
Africa
Nigeria Set to Benefit from €150bn EU Development Fund Under Global Gateway Initiative
Nigeria is positioned as a major beneficiary of the European Union’s Global Gateway initiative, which aims to invest €150 billion in Africa’s infrastructure ...
Nigeria
Nigeria: FIRS Implements Withholding Tax System to Strengthen Compliance and Revenue Collection
The Federal Inland Revenue Service (FIRS) has officially commenced the implementation of the withholding tax system as part of efforts to enhance tax ...