Africa
Africa Can Prosper Amid US Tariff Shifts by Strengthening Regional Trade – Standard Chartered
Standard Chartered Bank Nigeria has asserted that African economies can remain resilient and even thrive despite the potential disruptions from the United States’ ...
News
Nigeria: Naira Gains Ground Amid CBN Intervention and Renewed Foreign Portfolio Inflows
The Nigerian naira appreciated marginally at the official foreign exchange window last week, trading at ₦1,547/$, up from ₦1,549/$, bolstered by targeted interventions ...
News
Nigeria: ATM Usage Declines as POS Transactions Soar to N223 Trillion in 2024
The adoption of Point-of-Sale (POS) platforms for financial transactions surged dramatically in 2024, with the total transaction value hitting N223.27 trillion, according to ...
Nigeria
Nigeria: UBA’s Alawuba Calls for Judicial Reforms to Strengthen Nigeria’s Financial Stability
Oliver Alawuba, Group Managing Director of United Bank for Africa (UBA) Plc and Chairman of the Body of Bank CEOs, has called for ...
Africa
Africa: Mastercard and enza Join Forces to Accelerate Fintech Innovation Across Africa
Mastercard has announced a strategic partnership with enza, a regional payments technology company, to drive fintech innovation and expand digital payment access across ...
News
Nigeria: BNY Mellon and Standard Bank Launch Naira-Denominated Depositary Notes for Global Investors
Bank of New York Mellon (BNY Mellon), in collaboration with Standard Bank Group, has introduced Global Depositary Notes (GDNs) backed by Nigerian sovereign ...
Africa
Africa: Visa Partners with Yellow Card to Expand Digital Dollar Adoption Across Africa
Visa, the global payments technology giant, has entered into a strategic partnership with Yellow Card Financial, Africa’s first licensed stablecoin payments platform, to ...
Nigeria
Nigeria: FCMB Group Considers Debt-to-Equity Swap to Meet CBN’s Regulatory Forbearance Mandate
FCMB Group Plc has announced plans to explore a debt-to-equity conversion as part of a broader strategy to comply with recent directives from ...
Africa
Africa: Kenya Retains Spot on EU’s Money Laundering Grey List as Uganda Secures Delisting
Kenya remains on the European Union’s list of high-risk jurisdictions for money laundering and terrorism financing, even as Uganda has been officially removed ...
Egypt
Egypt’s FRA Introduces New Digital and Cybersecurity Regulations for Insurance Sector
Egypt’s Financial Regulatory Authority (FRA) has unveiled a new set of digital and cybersecurity regulations governing the establishment and operation of websites by ...