Nigeria
Nigeria’s Competition Tribunal Suspends WhatsApp’s $220M Fine Amid Legal Dispute
Nigeria’s Competition and Consumer Protection Tribunal (CCPT) has temporarily halted proceedings on the $220 million fine imposed on WhatsApp and its parent company, ...
Africa
Africa: Network International and GIM-UEMOA Partner to Advance Financial Inclusion in West Africa
Network International, a leading digital payments provider in the Middle East and Africa, has signed a Memorandum of Understanding (MoU) with GIM-UEMOA, the ...
News
Nigeria: CBN to Finalize Settlements of $7 Billion FX Backlog, Reinforces Transparency with New FX Code
The Central Bank of Nigeria (CBN) is set to begin final settlements of the remaining $7 billion foreign exchange (FX) backlog, according to ...
Fintech
Nigeria: Stanbic IBTC to Bolster Zest Payments with ₦4 Billion Investment for Fintech Expansion
Stanbic IBTC Holdings Plc, a subsidiary of Standard Bank Group, is set to inject ₦4 billion ($2.48 million) into its fintech arm, Zest ...
Nigeria
Nigeria: CBN Sets January 31 Deadline for FX Market Compliance Reports
The Central Bank of Nigeria (CBN) has directed all participants in the foreign exchange market to submit compliance reports on their adherence to ...
Fintech
South Africa: Stitch Expands Into In-Person Payments with ExiPay Acquisition
South African fintech leader Stitch, widely recognized for its innovative digital payment solutions, has announced the acquisition of ExiPay, a startup specializing in ...
Nigeria
Nigeria: CBN Sets January 31 Deadline for FX Compliance Reports
The Central Bank of Nigeria (CBN) has issued a directive requiring participants in the foreign exchange (FX) market to submit compliance reports on ...
News
Nigeria: NCC, Telcos Hold Firm on USSD Debt Deadline for Banks
The Nigerian Communications Commission (NCC) and telecommunications companies have reiterated that there will be no extension to the deadline for banks to settle ...
News
Nigeria: Interbank Rates Decline Amid Surplus Liquidity in Nigeria’s Banking System
Interbank funding rates have continued their downward trend, driven by a substantial liquidity surplus within Nigeria’s financial system. The money market opened the ...
Nigeria
Nigeria: Telcos Await NCC Guidelines for 50% Tariff Hike Implementation
Telecommunications operators in Nigeria are awaiting the Nigerian Communications Commission (NCC) to release detailed guidelines for implementing the recently announced 50% tariff hike. ...