Nigeria
Nigeria: CBN Implements Cybersecurity Levy on Electronic Transfers
The Central Bank of Nigeria (CBN) has mandated a 0.005 percent Cybersecurity Levy deduction on electronic transfers, according to a circular issued yesterday. ...
News
Nigeria: Central Bank Reports Currency in Circulation Reaches N3.87tn
The Central Bank of Nigeria (CBN) has disclosed that the value of Nigeria’s currency in circulation surged to N3.87tn by the end of ...
Nigeria
Nigeria’s Cryptocurrency P2P Market Projected to Reach $500 Billion Amid Regulatory Pressures
Nigeria’s cryptocurrency peer-to-peer (P2P) market could surge to billions of dollars despite increasing regulatory crackdowns by the government. Ray Youssef, CEO of Nigeria’s ...
Ghana
Ghana: Societe Generale Bank to Cease Operations in Ghana after 20 Years – Reports
According to several media reports, French bank Societe Generale is set to exit the Ghanaian market after approximately 20 years of operation. The ...
News
Nigeria: Fitch Revises Nigeria’s Credit Outlook to Positive Amid Reform Progress
Fitch, a leading global credit ratings agency, has upgraded Nigeria’s long-term credit default rating from stable to positive, citing reforms in various sectors ...
Nigeria
Nigerian Fintech Firms Enforce Stricter Measures on Crypto Transactions Amid CBN Directive
Reports indicate that Nigerian fintech firms have initiated tighter controls on crypto transactions within the country, following a directive issued by the Central ...
Kenya
Kenya: Payless Africa Unveils Youth-Centric Payment Platform for Kenyan Market
Payless Africa, a leading fintech company specializing in digital financial solutions, has officially introduced its youth-centric payment platform in Kenya. Through its mobile ...
Nigeria
Nigeria: SEC Chief to Convene Meeting with Local and International Crypto Exchanges
Dr. Emomotimi Agama, the newly appointed Director General of the Securities and Exchange Commission (SEC), is scheduled to meet with both local and ...
Regulatory
Zimbabwe’s New Currency ZIG Faces Resistance from Citizens
Recent reports indicate that Zimbabwe’s newly launched currency, the ZIG, introduced in early April, is encountering low acceptance among the population. Towards the ...
News
Nigeria and India to Establish Local Currency Trade Settlement System
Nigeria and India are on the brink of finalizing a local currency trade settlement system to streamline international trade between the two countries. ...