Nigeria
Nigeria: FAAC Revenue Drops by ₦303 Billion in December
The Federal Government, states, and local government councils shared ₦1.424 trillion as revenue for December 2024, marking a notable decline of ₦303 billion, ...
News
Nigeria: Interbank Rates Drop as Banking System Liquidity Deficit Eases
The liquidity deficit in Nigeria’s banking system moderated significantly, closing at ₦190.50 billion on Thursday, down from ₦249.3 billion reported earlier in the ...
Nigeria
Nigeria: FG Targets N1.8tn from Bond Market in Q1 2025
The Federal Government aims to generate N1.8tn from the bond market in the first quarter of 2025, as revealed by the Debt Management ...
Innovation
Nigeria: CBN Launches Digital Initiatives to Transform Financial Transactions
The Central Bank of Nigeria (CBN) has introduced two groundbreaking digital initiatives: the Document Flow (DocFlow) System and the Ministries, Departments, and Agencies ...
Fintech
Global: LemFi Raises $53M to Expand Cross-Border Remittance Services Across Europe
Nigerian fintech company LemFi has secured $53 million in a funding round led by Left Lane Capital, with participation from Y Combinator, Palm ...
Ghana
Ghanaian Banks’ Prospects Strengthen as Sovereign Restructuring Nears Completion
The Ghanaian banking sector is experiencing brighter prospects as solvency improves following the sovereign default, alongside reduced pressures from the operating environment. These ...
Africa
Africa: Artificial Intelligence: Transforming the Future of Regulatory Compliance in Africa
As Africa’s digital economy continues to expand, the regulatory landscape is evolving at a rapid pace. Compliance, once a cumbersome and manual process, ...
Nigeria
Nigeria: Bureau De Change Operators Struggle as CBN Recapitalisation Deadline Approaches
Nigeria’s Bureau De Change (BDC) operators are navigating significant challenges in their bid to meet the Central Bank of Nigeria’s (CBN) revised capitalization ...
Nigeria
Nigeria: FCCPC and NCC Sign MoU to Enhance Telecoms Regulation and Consumer Protection
The Federal Competition and Consumer Protection Commission (FCCPC) and the Nigerian Communications Commission (NCC) have signed a Memorandum of Understanding (MoU) to strengthen ...
Congo
Democratic Republic of Congo Secures $2.767 Billion IMF Loans for Economic Growth and Climate Resilience
The Democratic Republic of Congo (DRC) has secured a total of $2.767 billion in loans from the International Monetary Fund (IMF) to bolster ...