News
Nigeria: CBN ₦5bn ‘100 For 100 PPP Loan’ – Application Criteria
The Central Bank of Nigeria (CBN) recently announced the introduction of a policy on production and productivity (PPP) to be known as 100 ...
Africa
Traditional Banks in Africa Hold Trust Advantage Over Fintechs – Report
A recent report by CR2 on Africa’s fintech transformation suggests traditional financial institutions can still be a part of the fintech financial revolution ...
News
Nigeria: UBA successfully launches $300 million 5-year senior unsecured notes
United Bank for Africa Plc (UBA) has successfully raised $300 million through the issuance of a new five-year senior unsecured notes (144A/Reg S) ...
News
Nigeria: NIN enrolment reaches 67m – Pantami
The Federal Government of Nigeria says no fewer than 67 million people have registered for National Identification Number, NIN, which is the foundation ...
Africa
RBM approves PCL Group Pension Fund to provide Programmed Withdrawal service
The Registrar of Financial Institutions, Reserve Bank of Malawi (RBM) Governor has approved Press Corporation Group Pension Fund to provide programmed withdrawal as ...
News
Nigeria: Other African Countries Understudying e-Naira – CBN
The Central Bank of Nigeria (CBN) has stated that the e-Naira implementation has attracted other African countries to understudy the model and basics ...
News
Nigeria: CBN promises manufacturers loans of not more than 9% rate
The Central Bank of Nigeria (CBN) has assured manufacturers of single-digit loans of not more than 9%. This was disclosed by the CBN ...
News
Nigeria: EFCC arrests man for $200,000 cryptocurrency fraud in Lagos
The Economic and Financial Crimes Commission has arrested one Precious Omonkhoa for an alleged $200,000 (about N108 million) bitcoin investment scam. Omonkhoa was ...
Nigeria
Nigeria: NITDA, FCCPC to sanction money lending fintechs for abuse of customers’ data privacy
The National Information Technology Development Agency (NITDA) has entered into a strategic partnership with the Federal Competition and Consumer Protection Commission (FCCPC) to ...
Kenya
Kenya: Return of M-Pesa Charges Boosts Safaricom’s Profits
Safaricom recorded a 12.1 per cent net profit jump in the half year ended September, helped by revenue growth as the telco reinstated ...