Kenya
U.S. Tech Investors Raise Red Flags Over Corruption, IP Gaps, and Digital Tax Risks in Nigeria and Kenya
Nigeria and Kenya—two of Africa’s leading technology hubs—are facing renewed scrutiny from U.S. tech investors over persistent governance and regulatory challenges that are ...
Fintech
Nigeria: Senate Committee Partners with Kuda to Boost Compliance and Transparency in Nigeria’s Financial Ecosystem
Nigeria’s financial system is grappling with major compliance challenges, underscored by the revelation of over ₦3.4 trillion in financial infractions across federal Ministries, ...
Innovation
Nigeria: Zinox Technologies and TETFUND Forge Strategic Partnership to Advance Innovation and Renewable Energy in Nigeria’s Tertiary Institutions
In a landmark move to bolster technological transformation and sustainable development in Nigeria’s higher education sector, Zinox Technologies has partnered with the Tertiary ...
Fintech
Nigeria: Verve Scales Contactless Payment Acceptance to Accelerate Financial Inclusion in Nigeria
Verve, a leading digital payment brand, has broadened its contactless payment acceptance across Nigeria as part of its strategic push to enhance financial ...
Nigeria
Nigeria: Afreximbank Injects $50bn into Nigeria’s Economy, Powers Key Sectors and Trade Expansion
In a major stride toward deepening Nigeria’s economic transformation, the African Export-Import Bank (Afreximbank) has disbursed over $50 billion into the Nigerian economy ...
Fintech
Regulated Blockchain: The Next Frontier for Financial Services Transformation in Africa — Insights from Zone CEO Obi Emetarom
As Africa’s financial landscape rapidly evolves, a new chapter is emerging—one driven by the convergence of blockchain technology, digital payments, and regulatory innovation. ...
News
Nigeria Achieves $6.83bn Balance of Payments Surplus in 2024 – CBN
The Central Bank of Nigeria (CBN) has reported a significant Balance of Payments (BOP) surplus of $6.83 billion for the 2024 fiscal year, ...
News
Nigeria: CBN Raises Interest Rates on Treasury Bills Amid Strong Investor Demand, Falls Short on Allotment
The Central Bank of Nigeria (CBN), in collaboration with the Debt Management Office (DMO), has increased interest rates on Nigerian Treasury Bills (NTBs) ...
Fintech
Nigerian Banks Invest ₦269 Billion in Tech Upgrades Amid Rising Fintech Competition and Regulatory Pressure
In a bold move to modernize operations and stay ahead in an increasingly digital financial ecosystem, six major Nigerian banks collectively spent ₦268.7 ...
Nigeria
Nigeria: CBN Deploys $669 Million in Q1 2025 to Stabilize Naira Amid Forex Market Pressures
In a bold effort to shield the Naira from further volatility, the Central Bank of Nigeria (CBN) intervened in the foreign exchange (FX) ...