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 ...
Fintech
Nigeria’s SEC Halts New Crypto Licences Amid Extended Due Diligence Measures
Nigeria’s Securities and Exchange Commission (SEC) has paused the issuance of new provisional licences under its Accelerated Regulatory Incubation Programme (ARIP), citing the ...
Innovation
Nigeria: CBN Cautions Banks Against Illicit Capital in Recapitalisation Drive to Strengthen Financial Stability
The Central Bank of Nigeria (CBN) has issued a strong advisory to deposit money banks, urging them to steer clear of illicit sources ...
