News
Tanzania: Access Bank Completes Acquisition of BancABC Tanzania
Access Bank Plc has announced the successful acquisition of African Banking Corporation (Tanzania) Limited, commonly known as BancABC Tanzania, aligning with its strategic ...
News
Nigeria: Wema Bank Enhances Security with Facial Recognition Technology After ₦685 Million Fraud Loss
Wema Bank, a leading Nigerian financial institution, has partnered with Daon, a global digital identity trust company, to implement advanced facial recognition technology ...
Nigeria
Nigerian Fintech Startups Face $1 Million KYC Verification Costs
Recent updates to Know Your Customer (KYC) processes mandated by the Central Bank of Nigeria now require fintech startups to physically verify the ...
Africa
Africa: American Express and Ecobank Group Expand Card Acceptance Across 21 Sub-Saharan African Countries
American Express and the Ecobank Group, a leading pan-African financial services entity, have announced a significant partnership to expand American Express Card acceptance ...
Ghana
Ghana: BoG Focuses on Inflation Control Amid Financial Losses
Despite reporting a significant loss of GH¢10.5 billion for 2023, the Bank of Ghana (BoG) remains steadfast in its commitment to achieving stable ...
News
Nigeria: Experts Call for Government Support to Sustain Telecom Sector
In light of recent financial losses reported by telecommunications companies listed on the Nigerian Exchange Limited (NGX), economic experts and stakeholders are raising ...
News
Nigeria’s FX Reserve Rises to $32.8bn After 10-Week Decline
After a 10-week decline amounting to $1.8 billion, Nigeria’s foreign exchange reserve has begun to recover, showing a steady increase over the past ...
News
Nigeria: CBN Supervision in Financial Sector’s Best Interest, Say Bank Directors
The Bank Directors’ Association of Nigeria (BDAN) has expressed confidence that the Central Bank of Nigeria’s (CBN) decision to revoke the license of ...
Nigeria
Nigeria: Crypto Enthusiasts Warn Against Naira Trade Ban on Exchanges
Amid the rapid decline of the naira and soaring inflation rates, the Nigerian government has shifted its focus to cryptocurrency service platforms. However, ...
News
Nigeria: World Bank Highlights Fintechs as Crucial to Bridging Nigeria’s Financial Inclusion Gap
Fintech companies can significantly improve financial inclusion in Nigeria by leveraging mobile money, digital payment platforms, and digital wallets to reach underserved populations, ...