News
Nigeria: Surge in E-Payment Value Hits ₦317.2 Trillion in Q1 2025, Signaling Shift from Cash Transactions
Nigeria’s digital payment landscape is witnessing a significant transformation, as recent data indicates a continued shift away from cash-based transactions. According to the ...
Nigeria
Nigeria: NIMC Warns Nigerians Against Selling NIN Data Amid Alarming Rise in Identity Misuse
The National Identity Management Commission (NIMC) has issued a stern warning to Nigerians, particularly young people, over the rising trend of individuals selling ...
News
Nigeria: Active Bank Accounts in Nigeria Reach 320 Million – NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has reported that the number of active bank accounts in the country rose to 320 million as ...
News
Nigeria: Finance Minister Edun Charges New NDIC Leadership with Strengthening Financial Stability Mandate
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has tasked the newly appointed leadership of the Nigeria Deposit ...
Ghana
Ghana to License Crypto Platforms Amid $3 Billion Surge in Transactions
The Bank of Ghana is set to introduce a licensing regime for cryptocurrency platforms as part of a broader regulatory framework aimed at ...
Nigeria
Nigeria: FIRS Mandates Real-Time Data Integration from Banks and Fintechs to Strengthen VAT Compliance
The Federal Inland Revenue Service (FIRS) has introduced a real-time monitoring platform aimed at improving the tracking of Value Added Tax (VAT)-eligible electronic ...
News
SA: Visa Unveils First African Data Centre in Johannesburg, Boosting Digital Payment Infrastructure
Visa Inc. has officially launched its first data centre on the African continent, marking a major milestone in its commitment to supporting the ...
Egypt
Egypt’s FRA Approves Fintech Expansion and Establishment of Three New Startups
Egypt’s Financial Regulatory Authority (FRA) has granted approvals aimed at bolstering the country’s fintech ecosystem, greenlighting the expansion of existing services and the ...
Nigeria
Nigeria: FRC, LCCI Forge Strategic Alliance to Strengthen MSME Governance
The Financial Reporting Council (FRC) of Nigeria has entered into a strategic partnership with the Lagos Chamber of Commerce and Industry (LCCI) and ...
Nigeria
Nigeria SEC Signals Green Light for Stablecoins Under Regulatory Oversight
Nigeria has declared its openness to stablecoin innovation, provided it aligns with established regulatory safeguards, according to the Securities and Exchange Commission (SEC). ...
