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 ...
Africa
Africa: NjiaPay Secures $1M+ Pre-Seed Funding to Enhance Payment Solutions for African Businesses
NjiaPay, a Payments-as-a-Service provider dedicated to streamlining digital transactions across Africa, has successfully closed an oversubscribed $1 million+ pre-seed funding round. The investment ...
Fintech
Kenya: Safaricom Expands M-Pesa’s Financial Services with Launch of Ziidi Money Market Fund
Kenyan telecom giant Safaricom has unveiled the Ziidi Money Market Fund (MMF), a new investment solution designed to empower M-Pesa users with accessible ...
Africa
Africa: Gen AI is Fueling a New Wave of Fraud in Africa, 2025 Smile ID Report Reveals
Smile ID Calls for Standardised Frameworks to Strengthen Trust and Combat Identity Fraud Across Africa AI-driven selfie anomalies accounted for 34% of emerging ...
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, ...
Africa
Africa: Network International and GIM-UEMOA Partner to Advance Financial Inclusion in West Africa
Network International, a leading digital payments provider in the Middle East and Africa, has signed a Memorandum of Understanding (MoU) with GIM-UEMOA, the ...
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 ...