News
Nigeria’s Q1 2024 Company Tax Revenue Drops to N984 Billion
The National Bureau of Statistics (NBS) has reported that Nigeria’s total company income tax (CIT) for the first quarter of 2024 amounted to ...
Kenya
Kenya: IMF Approves New Ksh.126 Billion Funding for Kenya
After an unusually long wait, Kenya has secured a staff-level agreement with the International Monetary Fund (IMF), unlocking the disbursement of USD 976 ...
Nigeria
Nigeria: FG Imposes N400m Fine on Four Banks and Others for Data Breaches
The Nigeria Data Protection Commission (NDPC) has announced that over 1,000 financial institutions, schools, insurance companies, and consultancy firms are currently under investigation ...
Nigeria
Nigeria: CBN Reassures Public on Stability of Nigerian Banks Amid Rumors
The Central Bank of Nigeria (CBN) has dismissed rumors suggesting plans to revoke the operating licenses of Fidelity, Polaris, Wema, and Unity Banks, ...
News
Nigeria’s Debt Servicing Hits $2.2bn in Five Months – CBN Reports
Data from the Central Bank of Nigeria (CBN) has revealed that Nigeria’s debt servicing reached approximately $2.2 billion in the first five months ...
Nigeria
Nigeria: Nova Merchant Bank Submits Capital Raising Plan to CBN for Commercial License
Nova Merchant Bank Limited has announced the submission of its capital raising plan to the Central Bank of Nigeria (CBN) as part of ...
Kenya
Africa: Kenya to Issue Payment Licenses- Flutterwave, Chipper Cash Leading the Queue
The Central Bank of Kenya (CBK) is set to issue payment licenses to fintech startups, marking a significant shift that will open up ...
Botswana
Botswana Launches DigiPost to Modernize Financial Infrastructure
Botswana, through its designated postal operator BotswanaPost, has unveiled Digipost, a digital post office platform aimed at modernizing the nation’s financial infrastructure. This ...
News
Nigeria: Bank Recapitalization to Boost Capital Market, Says ASHON Chair
Sam Onukwue, Chairman of the Association of Securities Dealing Houses of Nigeria (ASHON), has stated that the newly proposed capital requirements for banks ...
Nigeria
Nigeria: NGX Introduces USSD to Boost Capital Market Participation
Nigerian Exchange (NGX) Limited is encouraging investors to utilize its new USSD platform to engage more actively in the capital market. During an ...