Fintech
Global: Cedar Money Secures $9.9M to Enhance Stablecoin-Powered Cross-Border Payments
Cedar Money, a cross-border stablecoin payments platform, has raised $9.9 million in a seed funding round led by QED Investors. The round also ...
Nigeria
Nigeria: CBN’s Policies Averted 42.81% Inflation in 2024 – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has stated that without the bank’s policy interventions, inflation could have surged ...
Nigeria
Nigerian Government Set to Generate N1.6tn from Telecom Tariff Hike – GSMA
The recent 50% telecom tariff increase approved by the Nigerian Communications Commission (NCC) is projected to generate N1.6 trillion in tax revenue while ...
Nigeria
Nigeria: NGX REGCO, EFCC Strengthen Collaboration to Tackle Capital Market Infractions
In a strategic move to enhance market surveillance and combat financial crimes, NGX Regulation Limited (NGX RegCo), the independent regulatory arm of the ...
Nigeria
Nigeria Clears $7bn FX Backlog, Boosting Investor Confidence – CBN Governor Cardoso
In a major policy move aimed at enhancing foreign exchange liquidity and restoring investor confidence, the Central Bank of Nigeria (CBN) has successfully ...
Nigeria
Nigeria’s Recapitalisation Policy Set to Reshape Banking Sector with Potential Mergers
Nigeria’s banking sector is poised for a significant transformation as new recapitalisation requirements introduced by the Central Bank of Nigeria (CBN) may drive ...
Nigeria
Nigerian Telcos Urge Financial Reporting Council to Reconsider Annual Dues Structure
Telecom operators in Nigeria, under the umbrella of the Association of Licensed Telecom Companies of Nigeria (ALTON), have raised concerns over the revised ...
Nigeria
Nigeria’s Competition Tribunal Suspends WhatsApp’s $220M Fine Amid Legal Dispute
Nigeria’s Competition and Consumer Protection Tribunal (CCPT) has temporarily halted proceedings on the $220 million fine imposed on WhatsApp and its parent company, ...
News
Nigeria: CBN to Finalize Settlements of $7 Billion FX Backlog, Reinforces Transparency with New FX Code
The Central Bank of Nigeria (CBN) is set to begin final settlements of the remaining $7 billion foreign exchange (FX) backlog, according to ...
Fintech
Nigeria: Stanbic IBTC to Bolster Zest Payments with ₦4 Billion Investment for Fintech Expansion
Stanbic IBTC Holdings Plc, a subsidiary of Standard Bank Group, is set to inject ₦4 billion ($2.48 million) into its fintech arm, Zest ...