Nigeria
99.4 % of bank accounts contain less than N500,000-NDIC
The Nigeria Deposit Insurance Corporation, NDIC, said that 99.4 per cent of bank accounts contain less than N500,000 Maximum Insured Limit (MIL) of ...
South Africa
Candidate for Absa chairman role sues regulator over rejection
Sipho Pityana, lead director at Absa Group, is suing part of South Africa’s central bank for stymieing his appointment as the chairman of ...
News
Zimbabwe: RBZ’s Assets cannot be attached in a Lawsuit – High Court
The Reserve Bank of Zimbabwe has breathed a sigh of relief after the High Court ruled that the central bank’s assets cannot be ...
Innovation
Zimbabwe: NetOne Mobile Broadband to Drive Financial Inclusion
NetOne says it’s recently launched national mobile broadband (NMBB) programme will enhance the country’s efforts towards expanding financial inclusion through the firm’s mobile ...
Innovation
Interswitch partners with OkHi to launch Nigeria’s first digital address verification service
Quickteller customers use an OkHi address which can also be used for other personal purposes such as by delivery services. OkHi, a smart ...
Africa
Bitt Develops Africa’s First CBDC
eNaira, the Bitt-developed central bank digital currency (CBDC), has officially rolled out in Nigeria. Citizens and residents of Nigeria are now the first ...
Regulatory
Zimbabwe: RBZ orders Econet, Telecel & NetOne to phase out juice cards
The Reserve Bank of Zimbabwe’s (RBZ) Financial Intelligence Unit has in a circular told the country’s mobile network operators (MNOs) to decrease physical airtime vouchers or ...
Intelligence
Nigeria: UBA’s nine-month profit jumps 36% to N105bn on higher income from term loans
The bank’s gross earnings rose 7.9 per cent to N490.3 billion. United Bank for Africa (UBA), between January and September, reported N104.6 billion in ...
News
Nigeria: CBN launches eNaira, integrates 33 banks ,releases N200m for program take- off
The Central Bank of Nigeria has said it integrated 33 Banks into the eNaira platform with N500m successfully minted by the apex bank for the ...
News
Nigeria: Court unfreezes accounts blocked by CBN for cryptocurrency trading
A Federal High Court sitting in Abuja has vacated with immediate effect an interim order through which the Central Bank of Nigeria (CBN) ...