Nigeria
Nigeria: CBN Sets January 31 Deadline for FX Market Compliance Reports
The Central Bank of Nigeria (CBN) has directed all participants in the foreign exchange market to submit compliance reports on their adherence to ...
Fintech
South Africa: Stitch Expands Into In-Person Payments with ExiPay Acquisition
South African fintech leader Stitch, widely recognized for its innovative digital payment solutions, has announced the acquisition of ExiPay, a startup specializing in ...
Nigeria
Nigeria: CBN Sets January 31 Deadline for FX Compliance Reports
The Central Bank of Nigeria (CBN) has issued a directive requiring participants in the foreign exchange (FX) market to submit compliance reports on ...
News
Nigeria: NCC, Telcos Hold Firm on USSD Debt Deadline for Banks
The Nigerian Communications Commission (NCC) and telecommunications companies have reiterated that there will be no extension to the deadline for banks to settle ...
News
Nigeria: Interbank Rates Decline Amid Surplus Liquidity in Nigeria’s Banking System
Interbank funding rates have continued their downward trend, driven by a substantial liquidity surplus within Nigeria’s financial system. The money market opened the ...
Nigeria
Nigeria: Telcos Await NCC Guidelines for 50% Tariff Hike Implementation
Telecommunications operators in Nigeria are awaiting the Nigerian Communications Commission (NCC) to release detailed guidelines for implementing the recently announced 50% tariff hike. ...
News
Nigeria: SEC Warns Public Against Transactions with Risevest and Stecs
The Securities and Exchange Commission (SEC) has issued a warning to the public against engaging in investment transactions with Risevest (Victoria Island) Cooperative ...
Kenya
Kenya: KCB Bank and Mastercard Launch Kenya’s First Multi-Currency Prepaid Card
KCB Bank, in partnership with Mastercard, has introduced Kenya’s first multi-currency prepaid card, offering a transformative solution for cross-border financial transactions. Supporting 11 ...
Africa
Africa: Accrue Secures $1.58 Million Seed Funding to Advance Cross-Border Payment Solutions
Fintech startup Accrue has raised $1.58 million in seed funding to expand its cross-border payment services across Africa. The round was led by ...
Africa
Africa: Waza Launches Lync to Revolutionize Cross-Border Transactions for African Businesses
Waza, a Y Combinator-backed B2B payments startup, has introduced Lync, a cutting-edge banking product designed to transform how African businesses manage international transactions. ...