Nigeria
Nigeria: CBN Says Rate Cut to Ease Borrowing Costs for SMEs and Households
The Central Bank of Nigeria (CBN) has described its recent 50 basis point reduction in the Monetary Policy Rate (MPR) as a deliberate ...
Africa
Africa: Mastercard Strengthens Partnership with Smile ID to Advance Digital Identity Across Africa
Mastercard has expanded its strategic partnership with Smile ID, a leading African identity verification provider, to scale secure digital identity solutions across the ...
Regulatory
Global: European Banks Collaborate to Launch Euro-Backed Stablecoin
A consortium of leading European banks, spearheaded by ING, has announced plans to launch a euro-backed stablecoin, aimed at reshaping the region’s digital ...
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 ...
Regulatory
Global: BIS Researchers Leverage AI to Anticipate Financial Market Stress
The Bank for International Settlements (BIS) is exploring how artificial intelligence (AI) can enhance financial stability oversight, unveiling a new tool designed to ...
Regulatory
Global: Philippines SEC Backs Bank Secrecy Reforms to Strengthen Anti-Corruption Drive
The Philippines Securities and Exchange Commission (SEC) has voiced strong support for legislative proposals seeking to amend the country’s bank secrecy laws, calling ...
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 ...
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 ...
