News
Nigeria: Access Bank Triumphs at the 2024 Digital Jurist Awards
Access Bank PLC has been recognized as the winner of the 2024 Best Digital Award in the Commercial Banks category at the prestigious ...
News
Nigerian Banks’ Robust Profitability Shields Them from Rising Credit Losses – S&P Ratings
According to a recent report from S&P Global Ratings, Nigerian banks are well-positioned to weather rising credit losses and meet higher capital requirements, ...
News
Nigeria: Naira Declines Amid CBN’s Reduced FX Supply Ahead of e-FX Platform Test Launch
The Nigerian naira has continued its downward trend against the US dollar, pressured by high demand and dwindling FX supply in the country’s ...
Nigeria
Nigeria: Amended NDIC and BOFIA Acts Strengthen Financial Sector Stability, Says Senator Abiru
The recent amendments to the Nigerian Deposit Insurance Corporation (NDIC) Act and the Banks and Other Financial Institutions Act (BOFIA) are setting the ...
Nigeria
Nigeria’s Tax Reform Bills and FIRS’s Zacch Adedeji: Unpacking the Controversy
President Bola Tinubu’s recent submission of four tax reform bills to Nigeria’s National Assembly has ignited significant debate. At the center of this ...
Egypt
Egypt’s FRA Enforces Compliance for Insurance Sector Under New Unified Law
The Financial Regulatory Authority (FRA) in Egypt has introduced new regulations requiring entities across the insurance sector to align their operations with the ...
News
Nigeria’s CBN Enforces Approval Requirement for Core Banking System Changes to Minimize Service Disruptions
In response to recent customer frustrations over technological disruptions, the Central Bank of Nigeria (CBN) has issued a new directive mandating that commercial ...
Nigeria
Nigeria: Naira Drops ₦67 as Nigeria Launches FX Disclosure Scheme to Stabilize Market
The naira weakened by ₦67 against the US dollar this past week as Nigeria launched a new foreign exchange disclosure scheme aimed at ...
Africa
Africa: Orange Middle East and Africa and Mastercard Join Forces to Digitize Payments for Millions Across Africa by 2025
Orange Middle East and Africa (OMEA) has partnered with Mastercard to expand mobile financial services across Sub-Saharan Africa, aiming to empower millions of ...
News
Nigeria: MTN Nigeria Expands Data and Fintech Services Despite Currency Losses and Economic Challenges
MTN Nigeria’s Q3 2024 report reveals robust growth in data and fintech services, despite recording a substantial ₦514.9 billion after-tax loss, largely attributed ...