News
Nigeria: Ecobank to Host First-Ever Fintech Challenge Semifinal in Lagos, Nigeria
Ecobank, the pan-African banking leader, has announced that the inaugural semifinal event of its Fintech Challenge will take place in Lagos, Nigeria. The ...
Nigeria
Nigeria: NDIC Expedites Compensation for Heritage Bank Depositors Following License Revocation
The Nigeria Deposit Insurance Corporation (NDIC) has swiftly disbursed 82.36% of insured deposits to customers of the recently liquidated Heritage Bank. This comes ...
News
Nigeria: CBN resumes publication of key economic reports
The Central Bank of Nigeria (CBN) said it is back with the publication of several key economic reports to make relevant information available ...
Africa
Africa: PalmPay canvasses collaboration to drive financial literacy
PalmPay, an Africa-focused fintech platform, has called for collaboration and innovation among banks and fintechs to drive financial inclusion in the country. According ...
Nigeria
Nigeria: SEC approves extension of Access Holdings rights issue
The Securities and Exchange Commission has approved the extension of the rights issue of Access Holdings Plc to August 23. A statement from ...
News
Nigeria: Lagos State to Tokenize Real Estate, Aiming to Boost Revenue
Lagos State Government has unveiled an ambitious plan to tokenize its real estate sector, leveraging blockchain technology to revolutionize property transactions. This initiative ...
Nigeria
Nigeria to Auction ₦190 Billion in Reopened Bonds in August
The Nigerian Debt Management Office (DMO) has announced plans to auction ₦190 billion in reopened bonds next week. This move is part of ...
Regulatory
Zambia Holds Key Policy Rate at 13.5% in August
The Central Bank of Zambia kept its benchmark interest rate unchanged at 13.5% during its regular meeting on August 14th, highlighting the economic ...
Nigeria
Nigeria: Money Market Rates Surge as Banks Borrow N420bn from CBN
Money market rates have surged significantly as banks increased their borrowing from the Central Bank of Nigeria (CBN) to address liquidity pressures. Deposit ...
Nigeria
Nigeria: CBN Disqualifies Six Banks in Latest Retail Dutch Auction
The Central Bank of Nigeria (CBN) has disqualified six prominent banks from participating in its most recent Retail Dutch Auction System (rDAS) held ...