News
Nigeria: Interbank Rates Show Mixed Trends Amid Liquidity Strain in Financial Market
Interbank rates in Nigeria displayed mixed movements as the financial system faced significant liquidity pressure, following monetary policy actions by the Central Bank ...
News
Nigeria: CBN Partners with Microfinance Banks to Boost Financial Inclusion and MSME Growth
The Central Bank of Nigeria (CBN) has announced a strategic partnership with Microfinance Banks (MFBs) to enhance financial inclusion and support the growth ...
Nigeria
Nigeria: CBN Extends Suspension of Cash Deposit Processing Fees to March 2025
The Central Bank of Nigeria (CBN) has extended its suspension of cash deposit processing fees until March 31, 2025. This extension moves the ...
News
Nigeria: Manufacturers Warn CBN: Interest Rate Hike Will Aggravate Nigeria’s Economic Challenges
The Manufacturers Association of Nigeria (MAN) has raised serious concerns about the Central Bank of Nigeria’s (CBN) decision to increase the Monetary Policy ...
Nigeria
Nigeria’s Central Bank Introduces 0.005% Cybercrime Levy on Electronic Transactions, Reinforces Cybersecurity Standards
The Central Bank of Nigeria (CBN) has confirmed the implementation of a 0.005% cybercrime levy on all electronic transactions for the 2024-2025 fiscal ...
Africa
Africa: Mastercard and KaiOS Partner to Equip African SMBs with Affordable Payment Solutions
Mastercard and KaiOS Technologies have joined forces to provide small and medium-sized businesses (SMBs) in emerging markets with affordable digital payment devices, starting ...
Nigeria
Nigeria: Presidential Tax Reform Committee Selects FCT as Model for Tax Harmonisation
The Presidential Fiscal Policy and Tax Reform Committee has announced that the Federal Capital Territory (FCT) will serve as a model for implementing ...
Ghana
Ghana: Bank of Ghana Reduces Policy Rate from 29% to 27%
The Bank of Ghana has lowered its monetary policy rate by 200 basis points, reducing it from 29% to 27%. Dr. Ernest Addison, ...
Regulatory
South African Regulator Issues Ultimatum to StarSat: Shutdown or Face Closure
n June 2024, the Independent Communications Authority of South Africa (Icasa) ordered the pay-TV provider StarSat to cease operations by September 18, 2024. ...
Africa
Africa: Itana and AFC Join Forces to Establish Africa’s First Digital Economic Zone in Nigeria
Itana and the Africa Finance Corporation (AFC) have formalized a partnership aimed at developing Africa’s inaugural digital economic zone. The collaboration was announced ...
