Nigeria
Nigeria: Moniepoint Targets Commercial Banking License to Transform Nigeria’s Financial Sector
Moniepoint, one of Nigeria’s leading fintech unicorns, has set its sights on obtaining a commercial banking license from the Central Bank of Nigeria ...
Africa
Africa: Starlink Gains Approval to Enhance Chad’s Digital Connectivity with Satellite Internet
Starlink, a division of SpaceX, has received approval to launch its high-speed satellite Internet services in Chad, marking a significant step in strengthening ...
News
Africa: UBA and Mastercard Unveil Special Debit Card with Exclusive Benefits for 75th Anniversary
In celebration of its 75th anniversary, United Bank for Africa (UBA) Plc has partnered with Mastercard to introduce a special commemorative debit card, ...
News
Nigeria: 28 Million Nigerians Remain Unbanked, Despite CBN’s Financial Inclusion Gains
The Central Bank of Nigeria (CBN) reported yesterday that over 28 million Nigerians still lack access to formal financial products and services, even ...
Nigeria
Nigeria’s CBN Strengthens Financial Inclusion Drive with Launch of We-Fi Code and Dashboard
The Central Bank of Nigeria (CBN) has reinforced its commitment to advancing financial inclusion as a foundation for economic growth, unveiling the We-Fi ...
Nigeria
Nigeria: Money Market Rates Surge Amid Liquidity Squeeze Due to CRR Debits
Money market rates surged to double-digit highs this week, driven by a liquidity squeeze in the banking sector. Opening with a liquidity deficit ...
News
Nigeria: Federal Government to Begin Clearing Pension Backlog Next Week – Finance Minister Edun
The Federal Government of Nigeria will begin addressing the backlog of pension payments under the Contributory Pension Scheme (CPS) next week, according to ...
Nigeria
Nigeria: Lotus Bank Achieves CBN’s Minimum Capital Requirement Ahead of New Mandate
Lotus Bank Limited, Nigeria’s pioneering non-interest bank, has confirmed it has met the Central Bank of Nigeria’s (CBN) updated minimum capital requirement for ...
News
Nigeria: Naira Drops to N1,690/$ as FX Market Intervention Declines
The Nigerian naira fell further against the US dollar in the autonomous foreign exchange (FX) market, reaching approximately N1,690 per dollar on Tuesday. ...
Ghana
Ghana: Bank of Ghana Directs Financial Institutions to Pause Remittance Partnerships with Taptap Send
The Bank of Ghana (BoG) has instructed all financial institutions, including commercial banks, Dedicated Electronic Money Issuers, and Enhanced Payment Service Providers, to ...