Nigeria
Nigeria: CBN Deepens Reform Agenda to Restore Confidence and Stability – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has reaffirmed the apex bank’s commitment to bold and transparent monetary reforms ...
Fintech
Nigeria: Ecobank Reaffirms Commitment to SME Empowerment at ‘Oja Oge’ Marketplace
Ecobank Nigeria has once again reinforced its strategic commitment to empowering small and medium-sized enterprises (SMEs) across key sectors of the Nigerian economy. ...
Nigeria
Nigeria: CBN Strengthens Regulatory Oversight on BDCs with New AML Compliance Checks
The Central Bank of Nigeria (CBN) has issued a stern directive to Bureau De Change (BDC) operators nationwide, emphasizing strict adherence to anti-money ...
Nigeria
Nigeria’s SEC Cracks Down on Influencer Promotions of Unlicensed Digital Asset Platforms and Meme Coins
Nigeria’s Securities and Exchange Commission (SEC) has issued a strong warning to celebrities and social media influencers, urging them to desist from promoting ...
Ghana
Nigeria: Vendease Exits Ghana Market Amid Demand Surge and Strategic Shift Toward Software Solutions
In October 2024, Nigerian food supply and logistics startup Vendease officially ceased operations in Ghana, just a year after entering the market. Despite ...
Nigeria
Nigerian Banks Generate Record ₦674 Billion from E-Payments as Digital Transactions Soar
Nigeria’s top financial institutions are reshaping the future of banking with record earnings from electronic payments, generating a combined ₦674 billion ($419.7 million) ...
Innovation
Nigeria Bets on AI and Cybersecurity to Shape Africa’s Digital Leadership
Nigeria is charting a bold course to position itself at the forefront of Africa’s digital transformation, with a strategic focus on artificial intelligence ...
Fintech
Nigeria: Wema Bank Launches N150 Billion Rights Issue to Strengthen Capital Base and Drive Digital Expansion
Wema Bank PLC has unveiled a significant capital raising initiative, launching a N150 billion Rights Issue as part of its strategy to meet ...
Fintech
Nigeria: OPay’s Valuation Rises to $2.75 Billion Amid Global Fintech Slowdown
Amid a sharp contraction in global venture capital funding, Africa-focused fintech giant OPay has defied the odds, reaching a valuation of $2.75 billion, ...
Fintech
Nigeria: SEC Clamps Down on Unlicensed Digital Platforms as CBEX Collapse Exposes N1.3tn Ponzi Fraud
Nigeria’s Securities and Exchange Commission (SEC) has sounded a stern warning to investors, declaring that any digital asset or investment platform not registered ...