Nigeria
Nigeria: PenCom Approves Foreign Currency Investments for Pension Funds
The National Pension Commission (PenCom) has issued new guidelines allowing Pension Fund Administrators (PFAs) to invest part of Nigeria’s ₦24.6 trillion pension assets ...
News
Nigeria: Alert MFB Launches Digital Banking Platform to Boost SME Growth
Alert Microfinance Bank (MFB) has rolled out a Business Banking Platform designed to streamline financial operations for entrepreneurs and small businesses, in a ...
News
Nigeria: CBN Governor Cardoso Confirms 14 Banks Have Met New Capital Requirement
The Central Bank of Nigeria (CBN) has announced that 14 Nigerian banks have successfully complied with the new capital requirements under its ongoing ...
Kenya
Kenyan Remittance Startup Bonto Shuts Down Two Years After Launch
Nairobi-based remittance fintech Bonto Kenya has shut down operations just two years after launch and less than eight months after receiving regulatory approval ...
Kenya
Kenya: Pesalink–TendePay Alliance Targets Faster Payments for Kenyan SMEs
Kenya’s small and medium-sized enterprises (SMEs) are set to benefit from faster, high-value transactions following a new partnership between Pesalink and Nairobi-based fintech ...
Nigeria
Nigeria: CBN Cuts Interest Rate to 27%, OPS Pushes for Deeper Credit Relief
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has reduced the benchmark interest rate to 27.0%, marking the first cut in ...
Nigeria
Nigeria: PenCom to Roll Out Minimum Pension Guarantee Under Pension Revolution 2.0
The National Pension Commission (PenCom) has unveiled plans to introduce a Minimum Pension Guarantee (MPG) as part of its Pension Revolution 2.0, a ...
Kenya
Kenya: CBK Unveils Cybersecurity Operations Centre to Bolster Banking Sector Defences
The Central Bank of Kenya (CBK) has launched the Banking Sector Cybersecurity Operations Centre (BS-SOC), a dedicated hub to strengthen cyber resilience across ...
Nigeria
Nigeria: PenCom Bars Cross-Shareholding in Multiple Pension Fund Operators
The National Pension Commission (PenCom) has issued new guidelines prohibiting significant cross-shareholding in more than one licensed Pension Fund Operator (PFO), effective immediately. ...
Nigeria
Nigeria: Seven Banks’ Mandatory Deposits with CBN Rise to N18.16trn
Following the increase in Cash Reserve Ratio (CRR) to 50 per cent by the Central Bank of Nigeria (CBN), deposit money banks’ mandatory ...