News
Nigerian Businesses Face 2,560 Weekly Cyberattacks, Reports CSCS
The Federal Government has emphasized the need for robust cybersecurity infrastructure to support Nigeria’s growing digital economy, following a disclosure by the Central ...
Nigeria
Nigeria: Capital Expenditure Drops by 25% Despite Concurrent Budgets – CBN
Nigeria’s capital expenditure (CAPEX) for the first half of 2024 dropped by 25.3% to N1.99 trillion, down from N2.68 trillion in the corresponding ...
Nigeria
Nigeria: Investor Confidence Relies on Capital Market Integrity – SEC DG
Dr. Emomotimi Agama, Director General of the Securities and Exchange Commission (SEC), has reaffirmed the commission’s commitment to ensuring a secure and resilient ...
Regulatory
SA: FSCA Revokes Banxso’s Licence Over Unrealistic Return Promises in South Africa
The Financial Sector Conduct Authority (FSCA) of South Africa has revoked the licence of Banxso, a trading platform, following concerns over unrealistic promises ...
News
Nigeria: Intelsat Launches CellBackhaul in Nigeria to Strengthen Africa’s Connectivity Infrastructure
Intelsat has unveiled its CellBackhaul solution in Nigeria as part of a larger initiative to enhance connectivity across Africa. This new solution will ...
Nigeria
Nigeria: Building a Resilient Central Bank — Cardoso
Amid multiple economic crises, the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reaffirmed his commitment to strengthening the ...
News
Nigeria’s High Interest Rates Likely to Persist, Says World Bank
The World Bank has projected that Nigeria, alongside Angola and Sierra Leone, will continue to experience high interest rates for an extended period ...
Kenya
Kenya: Safaricom Partners with Cloudflare and Copycat to Offer Affordable Cybersecurity Solutions to Kenyan Businesses
Safaricom has teamed up with Cloudflare and Copycat to provide affordable, enterprise-grade cybersecurity solutions to businesses across Kenya, underscoring its commitment to safeguarding ...
Nigeria
Nigeria: CBN Governor Cardoso Tackles FX Backlog and Emphasizes Inflation Control
The Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso, has affirmed that the central bank is making significant progress in ...
Africa
Africa: How Decentralised Payment Networks Are Poised to Transform Africa’s Financial Landscape
Over the past two decades, Africa has experienced a dramatic transformation in digital payments. In 2022, digital payment transactions across the continent surged ...